1604 Olive St, photo 1
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Overview

0 ba8,086 sqftWarehouse
TypeWarehouse
HOANone listed
Built1942
Lot22,215 sqft
Living area8,086 sqft
Price / sqft$155

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About this home

Sidewalks

1604 Olive St is a 1942-built home in Westgate Sub, Lakeland. Listed at $1,250,000 (about $155/sqft), 1 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.

From the listing

Excellent commercial/industrial opportunity in Central Lakeland! Located at 1604 Olive Street, this versatile 8,716-square-foot building sits on approximately 0.60 acres and offers a flexible layout suitable for a variety of commercial and industrial operations. The property features an impressive 25-foot ceiling height, loading dock, fenced outdoor storage, ample on-site parking, and newly installed interior LED lighting, along with convenient access to I-4 and surrounding Lakeland business corridors. The building offers a combination of expansive warehouse space and finished office areas, providing functionality for an owner-user or investor. Potential uses include warehouse, distribution, automotive, storage, or other general commercial operations, subject to verification of zoning and permitted uses. The interior photos also show large open warehouse areas with roll-up access and separate office/work spaces, giving the property plenty of flexibility for a variety of business needs. Adding immediate income potential, approximately 4,000 square feet is currently occupied by a month-to-month tenant paying $5,000 per month, while the remaining portion of the building is currently vacant. This arrangement creates an attractive opportunity for an owner-user seeking to offset occupancy costs, or an investor looking to lease the remaining space and increase the property’s income potential. With its combination of warehouse space, office space, outdoor storage, loading capabilities, parking, existing rental income, and a convenient Lakeland location, this property offers tremendous flexibility for investors and business owners alike.

The essentials

Built
1942
Price / sqft
$155
On market
38 days
Annual tax
$2,999
Flood zone
X · Low risk
Lot
22,215 sqft
Type
Warehouse

At a glance

Single family
Built 1942
0.51 acres
Lot size
8,086 sqft
Living area

Payment

Est. monthly payment
$7,394/mo
Down payment (20%)
$250,000
Property taxes
$250/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Warehouse
Year Built
1942
Lot
22,215 sqft
Cooling
Office Only
Heating
-
Parking
Ground Level
Days on Market
38
Sidewalks
Flood Zone X
Annual Tax (2025)
$2,999
Parcel #
23-28-23-100500-008050

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

Subdivision
Westgate Sub
County
Polk
MLS Area
33815 - Lakeland
Lot Size
22,215 sqft
Corner LotSidewalkStreet LightsPaved

Price history

Date
Event
Price
9/1/2026
Listed for sale
Source: Stellar MLS #L4964756
$1,250,000
$155/sqft

Neighborhood

1604 Olive St
Lakeland, FL, 33815 · 33815 - Lakeland

Market insights

Offer Insights

Choose an offer strength

List price: $1,250,000
$1.24M – $1.25M
99.5% – 100% of listTops out right at the list price
80% of listList price
28 of the last 52 home closings in 33815 landed at this number or higher (54%). The median one sat 39 days before it went under contract, and this one is on day 38.

Sample: 52 closed home sales in 33815 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

Talk through an offer with our team

Calculator

Est. monthly payment
$7,394/mo
Principal & interest$6,519
Property taxes$250
Insurance$625
Down payment20% · $250,000
Interest rate6.80%
Loan term

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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.

Quick answers.

Price

$1,250,000

$155 per sq ft

Size

8,086 sq ft

Time on market

38 days

Year built

1942

Monthly payment

About $7,394/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $2,999 annual tax bill, insurance.

Flood zone

Zone X

That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.

Offer

What should I offer?

Have another question?

Brokered byCENTURY 21 MYERS REALTYListing agent: Tony AcostaListing data from Stellar MLS, MLS# L4964756.

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