Address: 3740 Old Tampa Hwy, Lakeland, FL 33811, USA
- Strategic location for residential or industrial development
- Ample acreage for versatile project options
- Accessible to major roadways and transportation hubs
- Promising potential for growth and appreciation
- Located in a TSDA "Center" overlay district, which allows for additional density (likely between 12-15 units/ac)
Property Description
This 9.66 ± acre property presents a compelling investment and development opportunity strategically located along Old Tampa Highway with approximately 240 feet of direct frontage. Currently designated for Multi-Family use (under 10 units per acre), the site includes a fully engineered conceptual plan for a 96-unit townhome development, providing immediate residential development potential. Zoned R-4 (Residential Medium) with future flexibility for Business Park (BP) rezoning, the property is exceptionally versatile, suitable for residential, commercial, or light industrial use subject to municipal approvals. Situated just minutes from Interstate 4 and major distribution centers, this site benefits from strong logistical connectivity and proximity to a growing employment hub. The surrounding area includes established residential communities and high-traffic industrial corridors, further enhancing the marketability and absorption potential of new development.