1604 OLIVE STREET Lakeland, FL $ 1,250,000
1604 OLIVE STREET
$ 1,250,000
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1604 OLIVE STREET

Lakeland, FL, 33815
$ 1,250,000
Bedrooms-- Baths-- Sq 8,086

Monthly Estimate*

$ 7,893

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Commercial Property for sale in Lakeland, FL

for $1,250,000. This 8,086 square foot building was built in 1942 on a lot size of 0.51.

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.

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Commercial Active

Price

$ 1,250,000

Property Type

Commercial

Taxes

$ 2,999

Style

Warehouse

Lot Size

0.51

Year Built

1942

Town/City

Lakeland

County/Region

Polk

MLS | Web ID

L4964756

Features
General
Sewer Public Sewer
Cooling A/C - Office Only
Utilities BB/HS Internet Capable Electricity Available Phone Available Public Water Connected
Possession Close Of Escrow
Roof Membrane Metal
Zoning I-1
Construction Materials Concrete Wood Frame
Year Built 1942
Property Subtype Warehouse
Tax Year 2025
Ownership Fee Simple
Community Features Sidewalks
Additional Parcels Description 23-28-23-100500-008010
County Polk
New Construction false
Property Type Commercial Sale
Subdivision Name WESTGATE SUB
Facing Direction North
Building Features Bathrooms Extra Storage Fencing High Bays Loading Dock Outside Storage Overhead Doors Reception Waiting Room
Status Active
Directions Heading South on Kathleen Road take a right onto George Jenkins Blvd.Turn left onto Sloan Ave. At the traffic circle take the 1st exit onto W Main St. W Main St turns slightly left and becomes S Central Ave. Turn right onto Olive St. Turn left onto Montana Ave. Destination will be on the left
City LAKELAND
MLS Area 33815 - Lakeland
Lot Size Units Square Feet
Lot Size Square Feet 22215
Listing Terms Cash
Tax Annual Amount 2999.25
Property Condition Completed
Additional Parcels Y/N true
Virtual Tour https://www.propertypanorama.com/instaview/stellar/L4964756
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Tax Lot 5
Legal Description WESTGATE SUB PB 10 PG 23 BLK 8 LOTS 5 THRU 8 & THE NORTH 7.5 FT OF VACATED ALLEY LYING SOUTH OF ABOVE DESC and WESTGATE SUB PB 10 PG 23 BLK 8 LOTS 1 THRU 4 & LOT 40 & VACATED ALLEY LYING BETWEEN SAID LOTS
Water Access Y/N false
Water View Y/N false
Flood Zone Code X
Flood Zone Code X Y
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Interior
Flooring Carpet Concrete
Total Stories 1
Air Conditioning Y/N true
Window Features Blinds
Total Baths 0
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Exterior
Vegetation Oak Trees
Parking Features Ground Level
Lot Features Corner Lot Sidewalk Street Lights
Water Source Public
Lot Size Area 22215
Foundation Details Concrete Perimeter
Number of Buildings 2
Building Area Total 8716
Lot Size Acres 0.51
Road Surface Type Paved
Waterfront Y/N false
Road Frontage Type Street Lights Street Paved City Street Divided Highway
Number of Lots 2
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* Excluded Features
List By
acosta.tony89@gmail.com

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Affordability Calculator

$8,143
Per Month
97%
3%
0%
Monthly Principal & Interest
$7,893
Monthly Property Taxes
$250
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/2/2026$1,250,000 Listed Price

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1604 OLIVE STREET, Lakeland, FL, 33815 is a Commercial Property for sale at $1,250,000 with 8,086 sqft and a lot size of 0.51. 1604 OLIVE STREET was built in 1942. The property's zip code is 33815 which is in Lakeland, FL