Commercial Sale · Mixed Use
618 W 5TH STREET, LAKELAND, FL, 33805
Active359 days on marketListed Aug 13, 2025MLS #L4955140
About this property
The property at a glance
MULTI USE PROPERTY! There are 3 distinct areas that can be configured to your needs. One area is 18' x 35'. The second area measures 18' x 47' and can easily be divided into 2 more distinct spaces. There is a kitchen, 2 toilets. You could remodel the interior for whatever you wish. Fenced yard, The roof was replaced in 2019. Electrical was upgraded approx. 13 years ago. The building was last used as a senior day care facility. This sale includes one additional parcel Vacant land 609 W 4TH ST Parcel Details: 23-28-12-055000-002022
2,221
Building sq ft
$164
Price / sq ft
0.18
Lot acres
1950
Year built
1
Building
RA-4
Zoning
Mixed Use
Property type
The numbers
Investment snapshot
Income and lease details aren’t published in the MLS for this listing. Ask for the offering memorandum and rent roll to run cap rate, NOI and cash-on-cash.
Estimated payment (illustrative)
Estimated payment
$1,922/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask David to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
2,078
Population
$33,040
Median income
35
Median age
3
Avg household
$169,749
Median home value
$1,234/mo
Median rent
252
Households w/ kids
Consumer profile
This population seeks to advocate for a more just world. Common activities include protests, rallies, and spreading awareness to the public about social justice issues.
Driven to succeed in the business world, this population seeks to progress in their career through networking happy hours, summits, and connecting with other professionals online.
Making it to church on Sunday, this population is drawn together by their devotion to, primarily Christian, religion. Common activities include worship services and bible studies.
Expressing a desire to give back and do good for the community, this behavior emphasizes charity. Common activities include volunteering, fundraisers, and donations.
Politically aware, this population is interested in civic issues on both the local and national level. They often discuss candidates for office, taxes, and political ideologies.
With dating comes highs, lows, and lots of questions. You can find this population talking about dating advice, breakups and how to express their feelings.
Recent sales
What actually sold near 618 W 5TH STREET
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$399,000
114 PALMOLA STREET S
2,326 sqft · $172/sqft · Sold Nov 19, 2025
$282,500
1329 E MAIN STREET
2,039 sqft · $139/sqft · Sold Apr 30, 2025
$180,000
1349 E MAIN STREET
1,720 sqft · $105/sqft · Sold Mar 26, 2025
Your team
The pros in your corner
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, offers, and every question about 618 W 5TH STREET — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 618 W 5TH STREET.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Keep looking
Similar properties nearby
Listing courtesy of REMAX EXPERTS · Donna Williams. MLS #L4955140.
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 is deemed reliable but is not guaranteed accurate by Stellar MLS.
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