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Debra McDermott
REALTOR®, Agent, Military on the Move, Leading RE
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550 Commerce Drive , Lakeland, FL 33813

$5,250,000

9 Total Photos [Click to View All]

Property Description

This offering presents a rare opportunity to acquire a mission-critical assetleased to the U.S. General Services Administration (GSA), providing investorswith secure, long-term income backed by the full faith and credit of the federalgovernment. Strategically positioned within a growing Florida market, the assetoffers both income stability and potential long-term upside supported byfavorable regional fundamentals. This investment is particularly attractive forbuyers seeking a passive, low-management asset with institutional-grade tenancy. The strength of a GSA lease, combined with the property's functional design and established occupancy, creates a compelling opportunity to secure a high-quality government-backed income stream. The Tenant has invested over $800,000 improving the property over the last 6 years, therefore there is a high likelihood they will desire renewal, but they have no option in the lease, leaving it up to the investor to renegotiate or reposition the asset as medical use/surgery center for the greatest return.

550 Commerce Drive | MLS# W7885772

This commercial property located at 550 Commerce Drive , Lakeland, FL 33813 is currently listed for sale with an asking price of $5,250,000. Search Lakeland real estate on debmcd.watsonrealtycorp.com today.

Property Features

Property Type: Commercial - Office
Cooling: Central Air
Lot Size: 2.71 Acres
Taxes: $32,000
Year Built: 2008
Square Feet: 15,233

Feature Descriptions

Directions: From I-4 south on Florida Ave South 2.8 miles to Commerce Dr. on the left. Building is directly behind the post office
Exterior: Concrete, Stucco
Flood Zone Code: X
Foundation: Slab
Home Warranty Y/N: No
Lot Dimensions: 2.71
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Office
Showing Instructions: 24 Hour Notice, Appointment Only, Call Listing Office, Do Not Contact Tenants
Special Sale Provisions: None
Water Access Y/N: No

Listed By / Shown By

Listed By

Agency Name: VIP EXECUTIVE REALTY LLC
Agency Contact: 813-475-6019

Shown By

Agent Name: Debra McDermott
Agent Phone: (912) 409-2395 Cell
Agency Title: Watson Realty Corp., REALTORS ®

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