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$1,250,000

1604 OLIVE STREET, LAKELAND, FL 33815

3D Tour
Active35 days on market

Beds

—

Baths

0

Sq Ft

8,086 sq ft

Year Built

1942

Lot Size

0.51 acres

Garage

—

About This Property

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.

Property Overview

Property TypeCommercial Sale
Sub TypeWarehouse
MLS #L4964756
StatusActive
Year Built1942
Stories1
ConstructionConcrete, Wood Frame
RoofMembrane, Metal
FoundationConcrete Perimeter
FacesNorth
SubdivisionWESTGATE SUB
CountyPolk
OwnershipFee Simple

Interior Features

FlooringCarpet, Concrete
WindowsBlinds
CoolingA/C - Office Only

Exterior & Lot

Lot Size0.51 acres (22,215 sq ft)
Lot FeaturesCorner Lot, Sidewalk, Street Lights
Road SurfacePaved
0

Utilities

WaterPublic
SewerPublic Sewer
UtilitiesBB/HS Internet Capable, Electricity Available, Phone Available, Public, Water Connected

Parking

GarageNo

HOA & Community

HOANo
Senior CommunityNo

Financial Details

List Price$1,250,000
Annual Taxes$2,999 (2025)
FinancingCash
ZoningI-1
Parcel #232823100500008050

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

Location

1604 OLIVE STREET, LAKELAND, FL 33815

Listing Information

OfficeCENTURY 21 MYERS REALTY
ListedSeptember 1, 2026

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Home Price

$1,250,000

20% ($250,000)
6.75%

Loan Term

Principal & Interest$6,486
Property Tax (est.)$1,146
Insurance (est.)$150
Total Monthly$7,782
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Listing information is deemed reliable but not guaranteed. All measurements and data should be independently verified. This information is provided by the Stellar MLS. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: September 2, 2026.

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