The first three story building constructed in downtown Lakeland, Florida, Circa 1920. Originally, the first floor operated as a furniture store, and the Second and third floors provided boarding accommodations to travelers Passing through Lakeland. In 2014 it was known as the peacock building, with Two well-known antique furniture and glass vendors on the first floor. The Second and third floors were annexed on the county real property tax role As they were structurally unsound.
Construction began in mid 2014 with the removal of the original slab, interior Walls, floors and roof. The project was completed in march of 2017. Every Component of the building was brought to current (2017) building codes. Including life safety, structural, mechanical (hvac), electric and plumbing Systems, a four-stop traction elevator, fire sprinkler and fire alarm systems. Moreover, every effort was made to utilize high efficiency systems and Environmentally sustainable products wherever possible. The finished Product is a new building constructed in the 100+ year-old box.
The Sommer building offers an opportunity as a unique, fully complete and Turn-key building. There is no waiting for construction to be completed, plus Current cash flow from the long-term 1st floor tenant and 2nd floor income Potential. The 3rd floor residential and rooftop patio areas offer a unique Downtown living experience not commonly found outside of larger cities. There is no other comparable building in Polk county. Please see the attached flyer for 4 pages of amenities and are information.
SALE PRICE: $4,900,000
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