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About this home
305 & 309 W Memorial Blvd is a home in McRae & Bryant Resub Add 02, Lakeland. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.
Fantastic Investment with great potential, this prime position commercial property is located a few blocks west of the major intersection, Florida Avenue which is the center point of the City of Lakeland. One story masonry block construction with stucco covering, built in 1982. Hip roof with standing seam metal covering. Offers 980 SF Features: Central heating & cooling, 2 restrooms plus a break room. Front and side entrance has canopies. The parking area is asphalt paving.The neighborhood reflects stability with existing commercial/retail businesses, located along and/or near Memorial Blvd. (US Hwy 92). Zoned C-1 (Pedestrian Commercial) Current use is a vacant single office.
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Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.
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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
$569,000
Time on market
336 days
Monthly payment
About $3,447/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $2,339 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.
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