625 E Lime St
- Shovel-ready multifamily development site in downtown Lakeland
- Two parcels with approved plans and entitlements for 48 total units
- Unit mix includes 40 one-bedroom and 8 two-bedroom residences
- Backed by developer incentives from the City of Lakeland
- Walking distance to Barnett Park, Hollis Garden, The Joinery, Lake Mirror, and Lake Morton
Property Description
This fully permitted multi-family development site offers a rare, shovel-ready opportunity in the heart of downtown Lakeland. Located at the corner of Lime Street and Indiana Avenue in the charming Garden District, the property includes two parcels with approved plans and entitlements for 48 units—backed by valuable developer incentives from the City of Lakeland. The thoughtfully designed unit mix features 40 one-bedroom, one-bath residences and 8 two-bedroom, two-bath homes, ideally suited to meet the area’s strong and growing rental demand. This property is perfectly positioned to take advantage of downtown’s ongoing transformation. In recent years, thousands of jobs have shifted into the area with the arrival of major projects like the new Summit building and Publix’s Downtown IT headquarters. Just steps away, residents can enjoy Barnett Park, Hollis Garden, The Joinery food hall, Lake Mirror, and Lake Morton. With downtown’s live-work-play renaissance in full swing, this location offers not only lifestyle convenience but also strong long-term value.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,600,000 |
| No. of Units: | 48 |
| Lot Size: | 0.89 Acres |
| Opportunity Zone: | No |
| Price per unit: | $33,333 |
| Property Website | Click Here |
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