Upload
others
View
0
Download
0
Embed Size (px)
Citation preview
SVN | LOTUS | 2044 CONSTITUTION BOULEVARD, SARASOTA, FL 34321 OFFERING MEMORANDUM
HIGHWAY 92 |4.445 ACRECOMMERCIALTRACTLAKELAND, FL
Ashley Barrett BloomManaging [email protected]
Michelle MatsonTenant Rep. [email protected]
Access to the EastAdditional Photos
DEMOGRAPHICS 30Demographics ReportDemographics Map
ADVISOR BIOS 33Advisor Bio & Contact 1
PROPERTY INFORMATION 3Property SummaryProperty DescriptionComplete HighlightsAerial PhotoSite PlanConcept Plan Retail Frontage
LOCATION INFORMATION 11Retail Map 1Retail Map 2Regional MapLocation MapsAerial Map
ADDITIONAL INFORMATION 17Conceptual Site PlanPlat MapUtility MapLand Use MapEnvironmental LetterWetland MapFDOT Traffic Count MapAerial PhotosNew Harvey's Supermarket Photos
OFFERING MEMORANDUMOPPORTUNITY ZONE | LAKELAND | HIGHWAY 92 | 4.445 ACRE COMMERCIAL TRACT | 0 HIGHWAY 92, LAKELAND, FL 33801
1 PROPERTYINFORMATION
0 Highway 92Lakeland, FL 33801
OPPORTUNITY ZONE | LAKELAND | HIGHWAY 92 | 4.445 ACRE COMMERCIAL TRACT | 0 HIGHWAY 92 LAKELAND, FL 33801 SVN | Lotus | Page 3
OFFERING SUMMARY
Sale Price: Subject To Offer
Lot Size: 4.445 Acres
Zoning: LCC - Linear
Commerical Corridor
Market: Lakeland
Submarket: Highway 92
Price / SF: -
The Subject Property is being listed exclusively through the SVN Florida Land Alliance. The sale provides an excellentopportunity to acquire a strategically located commercial parcel for development. The Asset is located between a grocerand a dollar store which creates a number of viable development uses. In fact, the Harvey's Supermarket replaced WinnDixie in November of 2017 which coincided with improvements and the sale to the entire center. Having significantvisibillity on Highway 92 that has over 30,000 car a day.
The Seller has provided a Survey (including Topographical), Environmental review as well as an updated Title Policy aspart of the due diligence material. This combined with the existing Land Use provides a strong opportunity to acquire aproperty for development. The Seller is willing on certain terms and conditions to sell subject to development approvals.
PROPERTY OVERVIEW
PROPERTY HIGHLIGHTS
• 4.44 Acre Commercial Property with +/- 235 Feet on Highway 92
• Zoning Allows a Myriad of Uses and next to a re-tenanted grocery anchor (Harvey's Supermarket)
• Low Taxes & Carry - Billboard Income Possible
• Seller will Offer Reasonable Approval Terms and Conditions
• High Traffic Count at Over 30,000 Cars per Day
• Strategic Location to Central Florida
Property Summary
OPPORTUNITY ZONE | LAKELAND | HIGHWAY 92 | 4.445 ACRE COMMERCIAL TRACT | 0 HIGHWAY 92 LAKELAND, FL 33801 SVN | Lotus | Page 4The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
OPPORTUNITY ZONE | LAKELAND | HIGHWAY 92 | 4.445 ACRE COMMERCIAL TRACT | 0 HIGHWAY 92 LAKELAND, FL 33801 SVN | Lotus | Page 5The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
The Subject Property is being listed exclusively through the SVN Florida Land Alliance. The sale providesan excellent opportunity to acquire a strategically located commercial parcel for development. The Assetis located between a grocer and a dollar store which creates a number of viable development uses. In fact,the Harvey's Supermarket replaced Winn Dixie in November of 2017 which coincided with improvementsand the sale to the entire center. Having significant visibillity on Highway 92 that has over 30,000 car aday.
The Seller has provided a Survey (including Topographical), Environmental review as well as an updatedTitle Policy as part of the due diligence material. This combined with the existing Land Use provides astrong opportunity to acquire a property for development. The Seller is willing on certain terms andconditions to sell subject to development approvals.
PROPERTY OVERVIEW
The Subject Property is 4.445 acres of commercially zoned property in Lakeland, FL which is a part of PolkCounty. The location is just East of Interstate 4 and the heart of the City of Lakeland. This area has seensubstantial growth in recent years due to its central location to Tampa and Orlando in Central Florida. TheSubject Property currently has a billboard. There is an interest party who would lease the space, but thatis being left open for the purchaser to negotiate.
The Subject Property has +/- 235 feet of frontage on US 92 / East Memorial Boulevard. It is situatedbetween a newly Tenanted Harvey's Supermarket (replaced Winn Dixie in November 2017) anchoredcenter that also features a Dollar Tree & McDonald's, Family Dollar, and Auto Zone. There are also aWalgreen's & CVS in the immediate area. The location also has access on Woodland Avenue to the East.US 92 is a widely traveled roadway and provides excellent visibility and connectivity to area amenities andother major highways.
The Subject Property is Primarily Zoned Linear Commercial Corridor (“LCC”) with a small strip of RL-4. Perthe Polk County Planning Department, the asset can all be zoned under the LCC land use. Per the PolkCounty Comprehensive plan, “the purpose of the Linear Commercial Corridor (LCC) land use district is torecognize existing linear concentrations of commercial, office, institutional, and industrial uses alongroadways. The LCC land use also allows for multi-family residential on the second floor or higher of new orredeveloped buildings”. Therefore, the land use of the Subject Property should be considered to offer awide variety of development plans.
LOCATION OVERVIEW
Property Description
OPPORTUNITY ZONE | LAKELAND | HIGHWAY 92 | 4.445 ACRE COMMERCIAL TRACT | 0 HIGHWAY 92 LAKELAND, FL 33801 SVN | Lotus | Page 6The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
SALE HIGHLIGHTS
• 4.44 Acre Commercial Property with +/- 235 Feet on Highway 92
• Zoning Allows a Myriad of Uses
• Adjacent Center Re-Tenanted with Harvey's Supermarket (former Winn Dixie)
that also features a Dollar Tree. The Center appears to have improvements
made with new tenant.
• Low Taxes & Carry - Billboard Income Possible
• Being Offered Via an Accelerated Sale / Online Auction
• Access to US 92 with a Shared Entrance with Family Dollar & Autozone
• High Traffic Count at Over 30,000 Cars per Day
• Strategic Location to Central Florida
Complete Highlights
OPPORTUNITY ZONE | LAKELAND | HIGHWAY 92 | 4.445 ACRE COMMERCIAL TRACT | 0 HIGHWAY 92 LAKELAND, FL 33801 SVN | Lotus | Page 7The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Aerial Photo
OPPORTUNITY ZONE | LAKELAND | HIGHWAY 92 | 4.445 ACRE COMMERCIAL TRACT | 0 HIGHWAY 92 LAKELAND, FL 33801 SVN | Lotus | Page 8The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Site Map
OPPORTUNITY ZONE | LAKELAND | HIGHWAY 92 | 4.445 ACRE COMMERCIAL TRACT | 0 HIGHWAY 92 LAKELAND, FL 33801 SVN | Lotus | Page 9The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
OPPORTUNITY ZONE | LAKELAND | HIGHWAY 92 | 4.445 ACRE COMMERCIAL TRACT | 0 HIGHWAY 92 LAKELAND, FL 33801 SVN | Lotus | Page 10The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Concept Plan Retail Frontage
2 LOCATIONINFORMATION
0 Highway 92Lakeland, FL 33801
OPPORTUNITY ZONE | LAKELAND | HIGHWAY 92 | 4.445 ACRE COMMERCIAL TRACT | 0 HIGHWAY 92 LAKELAND, FL 33801 SVN | Lotus | Page 11
OPPORTUNITY ZONE | LAKELAND | HIGHWAY 92 | 4.445 ACRE COMMERCIAL TRACT | 0 HIGHWAY 92 LAKELAND, FL 33801 SVN | Lotus | Page 12The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Retail Map 1
OPPORTUNITY ZONE | LAKELAND | HIGHWAY 92 | 4.445 ACRE COMMERCIAL TRACT | 0 HIGHWAY 92 LAKELAND, FL 33801 SVN | Lotus | Page 13The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Retail Map 2
OPPORTUNITY ZONE | LAKELAND | HIGHWAY 92 | 4.445 ACRE COMMERCIAL TRACT | 0 HIGHWAY 92 LAKELAND, FL 33801 SVN | Lotus | Page 14The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Opportunity Zone | Lakeland | Highway92 | 4.445 Acre Commercial Tract
Regional Map
OPPORTUNITY ZONE | LAKELAND | HIGHWAY 92 | 4.445 ACRE COMMERCIAL TRACT | 0 HIGHWAY 92 LAKELAND, FL 33801 SVN | Lotus | Page 15The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Location Maps
OPPORTUNITY ZONE | LAKELAND | HIGHWAY 92 | 4.445 ACRE COMMERCIAL TRACT | 0 HIGHWAY 92 LAKELAND, FL 33801 SVN | Lotus | Page 16The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Opportunity Zone | Lakeland | Highway92 | 4.445 Acre Commercial Tract
Aerial Map
3 ADDITIONALINFORMATION
0 Highway 92Lakeland, FL 33801
OPPORTUNITY ZONE | LAKELAND | HIGHWAY 92 | 4.445 ACRE COMMERCIAL TRACT | 0 HIGHWAY 92 LAKELAND, FL 33801 SVN | Lotus | Page 17
OPPORTUNITY ZONE | LAKELAND | HIGHWAY 92 | 4.445 ACRE COMMERCIAL TRACT | 0 HIGHWAY 92 LAKELAND, FL 33801 SVN | Lotus | Page 18The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Conceptual Site Plan
OPPORTUNITY ZONE | LAKELAND | HIGHWAY 92 | 4.445 ACRE COMMERCIAL TRACT | 0 HIGHWAY 92 LAKELAND, FL 33801 SVN | Lotus | Page 19The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Plat Map
OPPORTUNITY ZONE | LAKELAND | HIGHWAY 92 | 4.445 ACRE COMMERCIAL TRACT | 0 HIGHWAY 92 LAKELAND, FL 33801 SVN | Lotus | Page 20The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Utility Map
OPPORTUNITY ZONE | LAKELAND | HIGHWAY 92 | 4.445 ACRE COMMERCIAL TRACT | 0 HIGHWAY 92 LAKELAND, FL 33801 SVN | Lotus | Page 21The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Land Use Map
November 20, 2017
Ashley Barrett Bloom LLC
SVN® Florida Commercial Real Estate Advisors
National Land & Development Services Product Council Chairman 2044 Constitution Boulevard
Sarasota, FL 34231
Re: Lakeland – Woodland Avenue Polk County, FL
Cursory Site Assessment ECS Project No.: 611.01.17
Dear Mr. Bloom,
On November 7, 2017 Ecological Consulting Solutions, Inc. (ECS) conducted a cursory site assessment of the Lakeland – Woodland
Avenue property located in Polk County, Florida. The purpose of this assessment was to assess the potential occurrence of flora and fauna
listed as threatened or endangered by the United States Fish and Wildlife Service (USFWS), Florida Fish and Wildlife Conservation
Commission (FWC), and the Florida Department of Agriculture (FDA).
There were no listed species identified on the property. There is an isolated wetland located on the southwest corner of the property as well
as a manmade ditch that is fed by an outfall structure on the adjacent shopping center to the west. The ditch carries storm water from the
shopping center to a storm water pond north of the subject site. Because the onsite wetland is isolated, Army Corps of Engineers
OPPORTUNITY ZONE | LAKELAND | HIGHWAY 92 | 4.445 ACRE COMMERCIAL TRACT | 0 HIGHWAY 92 LAKELAND, FL 33801 SVN | Lotus | Page 22
The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Environmental Letter
(ACOE) permitting will most likely not be required.
In order to impact the onsite wetland, a SFWMD permit would be required. According to the national wetlands inventory, the onsite
wetland is approximately 1.45 acres. To impact the entire wetland, it would require 1.1 credits at an approved mitigation bank. The banks
in this area cost approximately $145,000 per credit. The total estimated cost to impact the onsite wetland would be $159,500. This number
can fluctuate based on the actual acreage of the impacts. If only .5 acres of impact is required, the required mitigation would be
approximately $58,000.
Ecological Consulting Solutions, Inc. appreciates the opportunity to provide you with our services. Should you have any questions or
require additional information, please do not hesitate to contact me.
Sincerely,
ECOLOGICAL CONSULTING SOLUTIONS, INC.
Chris Dunfee Attachment
OPPORTUNITY ZONE | LAKELAND | HIGHWAY 92 | 4.445 ACRE COMMERCIAL TRACT | 0 HIGHWAY 92 LAKELAND, FL 33801 SVN | Lotus | Page 23The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Environmental Letter
OPPORTUNITY ZONE | LAKELAND | HIGHWAY 92 | 4.445 ACRE COMMERCIAL TRACT | 0 HIGHWAY 92 LAKELAND, FL 33801 SVN | Lotus | Page 24The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Wetland Map
OPPORTUNITY ZONE | LAKELAND | HIGHWAY 92 | 4.445 ACRE COMMERCIAL TRACT | 0 HIGHWAY 92 LAKELAND, FL 33801 SVN | Lotus | Page 25The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
FDOT Traffic Count Map
OPPORTUNITY ZONE | LAKELAND | HIGHWAY 92 | 4.445 ACRE COMMERCIAL TRACT | 0 HIGHWAY 92 LAKELAND, FL 33801 SVN | Lotus | Page 26The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Aerial Photos
OPPORTUNITY ZONE | LAKELAND | HIGHWAY 92 | 4.445 ACRE COMMERCIAL TRACT | 0 HIGHWAY 92 LAKELAND, FL 33801 SVN | Lotus | Page 27The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
View of Winn Dixie Sign being removed on November 7th Picture of Flyer being Handed out on Site on November 7th
View from Front of Center of New Tenant Harvey's SupermarketSite Visit on November 7, 2017 Showing Changing of Signage on Building
New Harvey's Supermarket Photos
OPPORTUNITY ZONE | LAKELAND | HIGHWAY 92 | 4.445 ACRE COMMERCIAL TRACT | 0 HIGHWAY 92 LAKELAND, FL 33801 SVN | Lotus | Page 28The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
View of US 92 from Access Point View of Access Road Ending at Subject Property Line
View Looking to Property from Entrance of Access Road (Via US 92)View from Site Access (Via US 92) to Family Dollar & Autozone to East
Access To The East
OPPORTUNITY ZONE | LAKELAND | HIGHWAY 92 | 4.445 ACRE COMMERCIAL TRACT | 0 HIGHWAY 92 LAKELAND, FL 33801 SVN | Lotus | Page 29The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
View from Interior of Property
Typical Condition of Existing Site Existing Ditch on Corner of Site
Additional Photos
4DEMOGRAPHICS
0 Highway 92Lakeland, FL 33801
OPPORTUNITY ZONE | LAKELAND | HIGHWAY 92 | 4.445 ACRE COMMERCIAL TRACT | 0 HIGHWAY 92 LAKELAND, FL 33801 SVN | Lotus | Page 30
OPPORTUNITY ZONE | LAKELAND | HIGHWAY 92 | 4.445 ACRE COMMERCIAL TRACT | 0 HIGHWAY 92 LAKELAND, FL 33801 SVN | Lotus | Page 31The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
1 MILE 3 MILES 5 MILES
Total population 7,492 37,774 98,407
Median age 29.8 33.2 37.3
Median age (male) 28.6 32.0 35.4
Median age (female) 31.1 33.8 38.3
Total households 2,513 13,802 38,414
Total persons per HH 3.0 2.7 2.6
Average HH income $43,446 $53,405 $53,479
Average house value $214,638 $149,604 $167,760
* Demographic data derived from 2010 US Census
Demographics Report
OPPORTUNITY ZONE | LAKELAND | HIGHWAY 92 | 4.445 ACRE COMMERCIAL TRACT | 0 HIGHWAY 92 LAKELAND, FL 33801 SVN | Lotus | Page 32The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
POPULATION 1 MILE 3 MILES 5 MILES
Total population 7,492 37,774 98,407
Median age 29.8 33.2 37.3
Median age (Male) 28.6 32.0 35.4
Median age (Female) 31.1 33.8 38.3
HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES
Total households 2,513 13,802 38,414
# of persons per HH 3.0 2.7 2.6
Average HH income $43,446 $53,405 $53,479
Average house value $214,638 $149,604 $167,760
* Demographic data derived from 2010 US Census
Demographics Map
5 ADVISOR BIOS0 Highway 92
Lakeland, FL 33801
OPPORTUNITY ZONE | LAKELAND | HIGHWAY 92 | 4.445 ACRE COMMERCIAL TRACT | 0 HIGHWAY 92 LAKELAND, FL 33801 SVN | Lotus | Page 33
2044 Constitution BoulevardSarasota, FL 34321T 941.366.1136C [email protected]
PROFESSIONAL BACKGROUND
Ashley Barrett Bloom has been affiliated with SVN for approximately 10 years. Mr. Bloom has established his practice as a land expert locally, regionally, and
nationally. By combining a strong network of Offices & Advisors with a spirit of collaboration, Bloom provides his clients with a listing team that provides local
expertise with a regional & national platform. To further add value to clients, Bloom has taken on the role of owner's representative in the entitlement process of
multiple projects. With a long history in land development, Bloom has extensive relationships with industry professionals as well as buyers of both residential
and commercial land. In 2018, Bloom and long time business partner, J. Chris Malkin, founded SVN Lotus Commercial Real Estate Advisors. SVN Lotus was
founded with two offices in Charlotte & Sarasota Counties and is well positioned to service Southwest Florida.
Bloom initiated and was named the founding Chairman of the Land & Development Services Product Council for SVN. Under his leadership, Bloom has helped
institute a national network of land advisors, collaborative marketing program, a SVN land website, and land specific sales calls. Bloom also created and leads
the Florida Land Alliance which is a network of land advisors within the State of Florida. Personally, Bloom works on a portfolio of commercial and residential
tracts in size from 1 acre to several thousand acres. His listing clientele includes large equity funds, national banks, land investment groups, and single investors.
Bloom has a strong network of buyers that include local, regional, and national investors & developers.
Prior to joining SVN, Bloom specialized in land planning, horizontal development, and conversions/renovations. While developing these projects, Bloom has also
taken the role of Managing Partner. During that time period, he has successfully acquired, entitled, and sold thousands of acres of land. Bloom still invests in
land with a focus on entitlement and a long term hold strategy.
Bloom has been developing real estate for more than 20 years in Florida, North Carolina, and Arkansas. Prior to developing real estate, Bloom worked for
Coopers & Lybrand LLP in the Financial Advisory Services division where he obtained his Certified Public Accountant’s (CPA) License. Relevant experience
included Litigation Support Services, Acquisition Due Diligence, and Financial Modeling. Mr. Bloom has also served on an Advisory Board of a small community
bank in South Florida.
EDUCATION
Lehigh University 1996 - School of Business And Economics
MEMBERSHIPS & AFFILIATIONS
1997 State of Illinois - Certified Public Accountant (Inactive)
2012 LEED Green Associate
ASHLEY BARRETT BLOOM
Managing Director
OPPORTUNITY ZONE | LAKELAND | HIGHWAY 92 | 4.445 ACRE COMMERCIAL TRACT | 0 HIGHWAY 92 LAKELAND, FL 33801 SVN | Lotus | Page 34The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Advisor Bio & Contact 1