Commercial Sale · Warehouse
1604 OLIVE STREET, LAKELAND, FL, 33815
Active39 days on marketListed Sep 1, 2026MLS #L4964756
About this property
The property at a glance
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.
8,716
Building sq ft
$143
Price / sq ft
0.51
Lot acres
1942
Year built
2
Buildings
I-1
Zoning
Warehouse
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
$6,031/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 Gianfranco 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
2,198
Population
$36,601
Median income
43
Median age
2
Avg household
$5,622
Median home value
$940/mo
Median rent
258
Households w/ kids
Consumer profile
You can find these people researching an upcoming exhibit at the natural history museum or learning about a famous monument. This population enjoys learning about the past.
Galleries, city murals, and skillful latte art gets this population excited. They're always on the lookout for creative expression.
These people aren't afraid to nerd out. Common activities include comic books, video games, and often intellectual pursuits.
Who says the body isn't a canvas? This population loves talking about tattoos, body art and piercings.
Seeking peace and well-being through meditation, gratitude and spirituality.
This population swims against the tide of mainstream culture. Common interests include old music, antiques, and alternative diets (i.e., veganism).
Recent sales
What actually sold near 1604 OLIVE STREET
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$32,400
4133 DRANE FIELD ROAD
800 sqft · $41/sqft · Sold Oct 21, 2024
$940,000
936 EDITH AVENUE
19,140 sqft · $49/sqft · Sold Jun 5, 2026
$435,000
1728 OLIVE STREET
5,600 sqft · $78/sqft · Sold Nov 7, 2025
Your team
The pros in your corner
Your agent
Gianfranco Di Flumeri
Real Estate Agent · CENTURY 21 Edge
Tours, offers, and every question about 1604 OLIVE STREET — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 1604 OLIVE STREET.
See it in person
Schedule a tour
Live availability from Gianfranco's calendar — pick a time and it's booked.
Keep looking
Similar properties nearby
Listing courtesy of CENTURY 21 MYERS REALTY · Tony Acosta. MLS #L4964756.
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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