PRIME COMMERCIAL DEVELOPMENT OPPORTUNITY ON US HIGHWAY 98 NORTH IN LAKELAND! Discover 10.13 contiguous acres offering outstanding highway visibility, approximately 325 feet of frontage along US Highway 98 North, and a strategic location in one of Lakeland's established commercial corridors. This unique offering consists of two adjoining parcels totaling approximately 7.92 acres and 2.21 acres, providing an opportunity for investors, developers, and businesses seeking substantial acreage along a major Central Florida transportation corridor.
The property benefits from its location along a heavily traveled roadway surrounded by established commercial activity and growing residential communities. The existing Linear Commercial Corridor (LCC) future land-use boundary extends beyond the 2.21-acre commercial parcel and into the adjoining 7.92-acre residential parcel, presenting an opportunity to pursue additional commercial land-use and zoning approvals within the established corridor. The MLS reflects a county-imported C-3 zoning designation; however, zoning and land-use classifications may differ between the parcels. Any proposed changes in use, rezoning, or development are subject to Polk County review and applicable governmental approvals.
The property features direct frontage along US Highway 98 North and access from Banana Road, offering multiple points of connectivity. Preliminary utility research has identified nearby public water infrastructure and potential service connection opportunities, subject to utility provider confirmation, engineering requirements, available capacity, and associated improvements. The substantial acreage and highway exposure make this an attractive opportunity to explore a variety of development concepts, including potential phased development, subject to applicable land-use regulations and site-specific feasibility.
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Listing Courtesy of: BHHS FLORIDA PROPERTIES GROUP
863-701-2350
| Listing Id: | L4965818 |
|---|---|
| List Price: | $3,999,000 |
| Property Type: | Land |
| Property Sub Type: | Commercial |
| Status: | Active |
| Tax Annual Amount: | $7,935 |
| Lot Size Square Feet: | 159,790 |
| Lot Size Acres: | 10.13 |
| Waterfront?: | No |
| City: | Lakeland |
| County Or Parish: | Polk |
| Postal Code: | 33809 |
| Additional Parcels?: | Yes |
| Building Area Units: | Square Feet |
| Current Use: | Commercial |
| Directions: | From I-4, take Exit 32 for US Highway 98 N and head north toward Dade City. Continue on US Highway 98 N past W Socrum Loop Road. The properties are located along US Highway 98 N near Banana Road, at 8418, 8426, and 8440 US Highway 98 N, Lakeland. |
| Listing Contract Date: | 2026-10-16 |
| Ownership: | Fee Simple |
| Living Area Units: | Square Feet |
| Lot Size Acres: | 10.13 |
| Lot Size Dimensions: | Irregular |
| Postal Code Plus4: | 1008 |
| MLS Area Major: | 33809 - Lakeland / Polk City |
| MLS Area Major: | 33809 - Lakeland / Polk City |
| Original List Price: | $3,999,000 |
| Parcel Number: | 23-27-11-000000-012020 |
| Township: | 27 |
| Road Surface Type: | Paved |
| Listing Terms: | Cash, Conventional |
| Tax Year: | 2025 |
| Sewer: | Public Sewer |
| Special Listing Conditions: | None |
| State Or Province: | FL |
| Additional Parcels Description: | 23-27-11-000000-012070 |
| Utilities: | Electrical Nearby, Sewer Nearby, Water Nearby |
| Water Source: | Public |
| Number Of Lots: | 2 |
| Public Survey Range: | 23 |
| Public Survey Section: | 11 |
| Zoning: | C-3 |
| Alternate Key Folio Num: | 232711000000012020 |
| Calculated List Price By Calcula: | 25.03 |
| Flood Zone Code: | X |
| For Lease Yn: | No |
| Listing Exclusion Yn: | No |
| Lot Size Square Meters: | 14845 |
| Price Per Acre: | 394768 |
| Realtor Info: | See Attachments |
| Road Frontage Ft: | 325 |
| Sdeo yn: | No |
| Total Acreage: | 10 to less than 20 |
| Water Access Yn: | No |
| Water Extras Yn: | No |
| Water View: | No |
| Association 2 Yn: | 0 |
| Attribution Contact: | 863-701-2350 |
| Originating System Name : | Stellar MLS |
| Designated Builder Yn: | No |
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Property Last Updated: October 23, 2026 03:17 AM - ET
