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$949,000

1405 Olive StreetLakeland, FL 33815

Listing updated: November 4, 2026 at 6:37 PM ET

Active

Listing courtesy of Compass Florida Llc · Adam Smith · MLS #TB8562746 · Active · 727-380-2067

Baths

4.08

Acres

◆4.08 acres◆$5/sqft◆360° tour

Land

Property type

177,807 sqft

Lot size

Price / sq ft

No HOA

HOA dues

Days on market

Flood zone

About this home

Industrial property offering approximately 4.08 acres zoned I-2, conveniently located near downtown Lakeland. The property is fully fenced and well-suited for outdoor storage, equipment storage, and industrial yard operations. A key feature of the property is an active CSX rail spur located at the rear of the property, providing potential rail access for industrial users. A CSX approval letter is available authorizing upgrades to the existing rail spur without requiring a permit. The property currently generates $3,000 per month in rental income from a towing company leasing approximately one acre, leaving roughly three acres available for additional use or potential income opportunities. A current survey is available. The property is a former brownfield site subject to a restrictive covenant. Any proposed new construction requires approval from the applicable environmental agency. Per the seller, there is no exterior contamination, and the property is suitable for continued outdoor storage and yard operations in its current condition. With existing rental income, rail infrastructure, industrial zoning, and available acreage, this property presents an opportunity for industrial users or investors seeking a functional site in the Lakeland market.

Estimated monthly payment

Principal & interest$4,799

Property taxes (est.)$870

Home insurance (est.)$435

Down payment

20%

$189,800 downRate

6.5%

Term

Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.

Price & listing history0 days on market

Status: Active
Nov 4, 2026
Listed$949,000
Nov 4, 2026

Facts & features

Property type: Land
Status: Active
Days on market: 0
Subdivision: Westgate Sub
County: Polk
Price/sq ft: $5
Lot size: 177,807 sq ft
Lot category: 2 to less than 5
Flood zone: X (12105C0311G)
Annual taxes: $2 (2025)
Parcel #: 23-28-23-100500-001180
Zoning: IND
MLS #: TB8562746

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Interior Details

Direction faces: South

Parking

Garage spaces: 0

HOA & Financial

Total monthly fees: None
Total annual fees: None
CDD: No
Listing terms: Cash, Conventional
Ownership: Fee Simple

Exterior & Construction

Road surface: Paved

Utilities

Sewer: Public Sewer
Water source: Public
Utilities: Electricity Available, Sewer Available

Listing Details

Listing date: 2026-11-03
On market date: 2026-11-04
Original list price: $949,000
MLS area: 33815 - Lakeland
Listing AOR: Suncoast Tampa
Status changed: 2026-11-04
Tax legal description: WESTGATE SUB PB 10 PG 23 BLK 1 LOTS 18 TO 37 & BLK 4 LOTS 1 TO 20 & DELAWARE AVE LYING BETWEEN BLK'S 3 & 4 AND COMMERCE ST BETWEEN BLK 1 & 4 AND EXTENDING ELY FROM THE NE COR OF LOT 14 BLK 3 TO ITS INTER WITH ILLINOIS AVE ON THE EAST AND ILLINOIS AVE BETWEEN BLK 1 & 4 EXTENDING SOUTHERLY FROM COMMERCE ST ON THE NORTH TO WEST OLIVE ST ON THE SOUTH LESS BEG SE COR BLK 3 RUN N00-05W 290 FT TO S LN LOT 17 BLK 1 RUN E 5 FT TO SE COR OF SAID LOT 17 RUN S00-05E 290 FT TO WEST OLIVE ST RUN W 5 FT TO POB

Flood risk

Minimal riskFEMA Zone XPanel 12105C0311G

Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.

Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.

Location

Directions

From Sikes Blvd, go West onto Josephine Street. Turn right onto S Central Avenue and left onto Olive Street. The property will be on your right.

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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.

Based on information submitted to the MLS GRID as of November 4, 2026 at 6:37 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

All or a portion of the multiple listing information is provided by Stellar MLS, from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 Stellar MLS. All rights reserved.

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