214 N CHESTNUT ROAD Lakeland, FL $ 695,000
214 N CHESTNUT ROAD
$ 695,000
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214 N CHESTNUT ROAD

Lakeland, FL, 33815
$ 695,000
Bedrooms-- Baths-- Sq 2,975

Monthly Estimate*

$ 4,336

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Commercial Property for sale in Lakeland, FL

for $695,000. This 2,975 square foot building was built in 1982 on a lot size of 0.2.

Investor’s Dream in the Heart of Lakeland! This fully leased 6-unit residential building is an instant money maker! Each unit features its own electric meter and dedicated central A/C, providing tenants with independence and helping minimize operating expenses for the owner. Located on city utilities with a private septic system, this setup offers both convenience and cost-efficiency—ideal for any savvy investor. Roughly 496 Sq ft Under Air in each unit. Perfectly positioned near Lakeland’s top destinations, tenants enjoy easy access to Lake Mirror and the Frances Langford Promenade, Hollis Garden, Lake Morton, and Bonnet Springs Park. Just minutes away are Circle B Bar Reserve, Polk Theatre, Frank Lloyd Wright’s iconic architecture at Florida Southern College, and the AGB Museum of Art. From the Lakeland Escape Room and Family Fun Center to Common Ground Playground, the Downtown Farmers Curb Market, Silver Moon Drive-In, and Safari Wilderness Ranch, this location delivers consistent rental demand. Don’t miss your chance to own this income-producing gem in one of Central Florida’s most vibrant and growing communities!

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Commercial Active

Price

$ 695,000

Property Type

Commercial

Taxes

$ 4,266

Style

Multi Family

Lot Size

0.2

Year Built

1982

Town/City

Lakeland

County/Region

Polk

MLS | Web ID

TB8415495

Features
General
Cooling central air
Zoning pud
Construction Materials concrete
Year Built 1982
Property Subtype multi family
Tax Year 2024
Ownership corporation
County polk
New Construction no
Property Type commercial sale
HOA N
Status active
Directions located just off w memorial blvd this property is easily accessible from i-4. take exit 28 and head east on memorial blvd then turn right onto chestnut road. the building will be on your leftminutes
City lakeland
MLS Area 33815 - lakeland
Lot Size Units square feet
Lot Size Square Feet 8756
Listing Terms cash
Tax Annual Amount 4266
Additional Parcels Y/N no
Virtual Tour https://www.propertypanorama.com/instaview/stellar/tb8415495
Building Area Units square feet
Living Area Units square feet
Standard Status active
Occupancy Type tenant
Legal Description beg 535pt1 ft s of ne cor of e1/4 of sw1/4 of se1/4 run w 155 ft s 65 ft e 155 ft n to beg less maint r/w
Water Access Y/N no
Water View Y/N no
Flood Zone Code x
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Exterior
Lot Size Area 8756
Foundation Details block
Number of Buildings 1
Building Area Total 3999
Lot Size Acres 0.2
Road Surface Type paved
Waterfront Y/N no
Road Frontage Type access road city street
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Interior
Air Conditioning Y/N yes
Total Baths 0
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Internal Only
Street Number 1 214
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* Excluded Features
List By
Homesmart

Broker

MEDDEMBELE@GMAIL.COM

Email

Affordability Calculator

$4,691
Per Month
92%
8%
0%
Monthly Principal & Interest
$4,336
Monthly Property Taxes
$356
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
266288 Elementary School
265661 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/8/2025$695,000 Listed Price

Map


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214 N CHESTNUT ROAD, Lakeland, FL, 33815 is a Commercial Property for sale at $695,000 with 2,975 sqft and a lot size of 0.2. 214 N CHESTNUT ROAD was built in 1982. The property's zip code is 33815 which is in Lakeland, FL