Commercial Sale · Multi Family (5+)
214 N CHESTNUT ROAD, LAKELAND, FL, 33815
Active2 days on marketListed Aug 10, 2026MLS #TB8534756
About this property
The property at a glance
Fully leased 6-unit investment property in the heart of Lakeland. Each ~496 sq ft unit has its own electric meter and central A/C, keeping tenants independent and operating costs low. Solid concrete construction, city utilities with private septic. Minutes from Lake Mirror, Hollis Garden, Bonnet Springs Park, the Polk Theatre, and Florida Southern College. Turnkey cash flow in a growing market — a rare find for any investor.
3,999
Building sq ft
$174
Price / sq ft
0.2
Lot acres
1982
Year built
6
Units
1
Building
PUD
Zoning
Multi Family (5+)
Property type
The numbers
Investment snapshot
$115,833
Price / unit
6
Units
Estimated payment (illustrative)
Estimated payment
$4,260/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 Nicholas 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
10,023
Population
$45,211
Median income
47
Median age
2
Avg household
$79,754
Median home value
$852/mo
Median rent
920
Households w/ kids
Consumer profile
These folks have their head in the game. Whether it's creating a card game tournament with friends or cheering on the home team, these people want to win.
Ready to turn up when the sun goes down, this population is looking for nighttime entertainment at home or out on the town.
These people aren't afraid to nerd out. Common activities include comic books, video games, and often intellectual pursuits.
From tryouts and casual pick-up games, to varsity tournaments and intramural matches, this population includes people who participate in organized athletics. Often through schools or public recreational areas.
When it comes to entertainment, this population is looking for the ultimate experience. Whether it's a charity fundraiser or a concert, elements such as lights, sounds, and merchandise are critical for a good time.
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.
Recent sales
What actually sold near 214 N CHESTNUT ROAD
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$440,000
909 E PARKER STREET
2,800 sqft · $157/sqft · Sold May 27, 2025
$325,000
438 N WABASH AVENUE
3,300 sqft · $98/sqft · Sold Apr 15, 2025
$1,350,000
1345 KATHLEEN ROAD
2,592 sqft · $521/sqft · Sold Apr 15, 2026
Your team
The pros in your corner
Your agent
Nicholas Giaccone
Director of Agent Success · CENTURY 21 Edge
Tours, offers, and every question about 214 N CHESTNUT ROAD — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 214 N CHESTNUT ROAD.
See it in person
Schedule a tour
Live availability from Nicholas's calendar — pick a time and it's booked.
Keep looking
Similar properties nearby
Listing courtesy of LOKATION · Mohamed Dembele. MLS #TB8534756.
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.
Never miss a listing
New LAKELAND listings, in your inbox
A daily digest of every new listing in LAKELAND — straight from the MLS, hours after it goes live. Unsubscribe anytime.