Kathleen Road & Mall Hill Drive, Lakeland, Florida · Show Recent Sales in this Neighborhood Subdivision MALL HILL ... Area NOT IN CRA Property Desc DISCLAIMER: This property description

LISA PARKS ABBERGER, SIOR, AICP863-682-6147 • [email protected]

Hauger-Bunch Realtors, Inc. | 415 South Kentucky Avenue • Lakeland, Florida 33801

Location: I-4 at Exit 31 on Kathleen Road & Mall Hill Dr., Lakeland, FloridaUse: Commercial ZoningSize: +2.4 Acres • Net Usable • Off-site retention in placeTraffic: 160,000 Daily Trips on I-4 19,500 Daily Trips on Kathleen Rd.Population: 122,306+ within 5 miles 753,893+ within 20 miles

PROPERTY HIGHLIGHTS

2.4+ Net Usable AcresOn Kathleen Road: Near I-4 Exit 31

Kathleen Road & Mall Hill Drive, Lakeland, Florida

COMMERCIAL LAND

Hill Dr.

Hill Dr.

Tampa

Tampa

Orlando

Orlando

Griffin Rd.Griffin Rd.

Kathleen Rd.Kathleen Rd.

Providence Rd.

Providence Rd.

Sleepy Hill Rd.Sleepy Hill Rd.

Sleepy HillSleepy HillMiddle SchoolMiddle School

Cambridge Cambridge Cove AptsCove Apts

Lakeland Lakeland SquareSquare

MallMall LakelandLakelandPark Park

CenterCenter

PepperidgePepperidgeFarmsFarms

McKessonMcKesson

LakelandLakelandToyotaToyota

Town & CountryTown & CountrySquare (Publix)Square (Publix)

WalgreensWalgreensChrysler, Dodge, Chrysler, Dodge, Jeep DealershipJeep Dealership

ExitExit3232

Knights Station Rd.Knights Station Rd.

KeiserKeiserUniversityUniversitySITE

ExitExit3131

MallMall

SITESITE

View from Kathleen RoadView from Kathleen Road

TAMPA

ORLANDO

SITE

LAKELAND

7/117/11ConvenienceConvenience

StoreStore

Identification: 2.43 Acres Near I-4

Tax ID: 23-28-02-020504-000010

Location: Kathleen Road & Mall Hill Drive Lakeland, Florida

Lot Size: 2.43 Acres

Taxes: $2,987.87 (2019)

Frontage: 278’ on Kathleen Road 227’ on Mall Hill Drive

Traffic Count: 19,500 Daily on Kathleen Road (2019) 160,000 Daily on I-4 (2019)

Access: Fronting on Kathleen Road Frontage on Mall Hill Drive Less than 1/2 mile from I-4 Interchange (Exit 31)

Future Land Interchange Activity CenterUse/Zoning: Commercial; PUD 5445 - City of Lakeland

Utilities: City of Lakeland: Water & Sewer Lakeland Electric

Comments: Site is commercially zoned within the City of Lakeland, less than 1/4 mile from Exit 31 at I-4. Potential uses include: banks, convenience stores, day care centers, hotels/motels, restaurants (low and high volume turnover), veterinary clinics, mini-warehouse/storage, churches, and cell towers. Site is 2.43 net usable acres; off-site retention is in place allowing full site to be used for development. Property is in growth area of Lakeland, north of I-4. Major retail in the area includes Lakeland Square Mall, the Lakeland Park Center (375,000 sf), Publix-anchored Town & Country Square center, and Walgreens at Kathleen and Knights Station Road. PRICE: $575,000

PROPERTY OVERVIEWPROPERTY OVERVIEW

Information concerning this offering is from sources deemed reliable, but no warrantyis made as to the accuracy thereof. It is submitted subject to errors, omissions,

change of price or other conditions, prior sale or lease or withdrawal without notice.

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Parcel Details:23-28-02-020504-000010 TAX EST PRT CALC 3rd HX EST PRC TRIM TAX BILL

Owners

DOHERTY HOLDINGS LLC 100%

Mailing Address

Address 1 2925 MALL HILL DRAddress 2Address 3 LAKELAND FL 33810-6716

Site Address

Address 1 0 MALL HILL DRAddress 2City LAKELANDState FLZip Code 33810

Parcel Information

Neighborhood6666.02Show Recent Sales in thisNeighborhood

Subdivision MALL HILL CENTERProperty (DOR)Use Code Vacant Industrial (Code: 4001)

Acreage 2.43

Taxing District LAKELAND/SWFWMD/LKLDMASS (Code: 91510)

CommunityRedevelopmentArea

NOT IN CRA

Property Desc

DISCLAIMER: This property description is a condensed version of theoriginal legal description recorded in the public records. It does notinclude the section, township, range, or the county where the propertyis located. It is a description of the ownership boundaries only and doesnot include easements or other interests of record. The propertydescription should not be used when conveying property. The PropertyAppraiser assumes no responsibility for the consequences ofinappropriate uses or interpretations of the property description. Nowarranties, expressed or implied, are provided for the data herein, itsuse, or its interpretation.

MALL HILL CENTER PB 114 PGS 35-38 LOT 1 LESS R/WFOR I-4 AS DESC IN OR 5074 PG 2125 & LESS ADDNLR/W FOR KATHLEEN RD AS PER OR 7703 PG 1631

Area Map

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W E

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Recorded Plat

Visit the Polk County Clerk of Courts website to view theRecorded Plat for this parcel

Note: Some plats are not yet available on the Clerk'swebsite. The site contains images of plats recorded on01/05/1973 (beginning with book 058 Page 020) or later. For information on Plats recorded before 01/05/1973(Book 058 Page 019 or less) please contact the PolkCounty Clerk's Office.

Mapping Worksheets (plats) for 232802

Mapping Worksheet InfoSection_232802.pdf

Property Search http://www.polkpa.org/CamaDisplay.aspx?OutputMode=Display&Searc...

1 of 4 4/23/2018, 1:45 PM

2.4+ Net Usable AcresOn Kathleen Road & Mall Hill Drive: Near I-4 Exit 31

COMMERCIAL LAND



DISTANCE AERIALDISTANCE AERIAL


COMMERCIAL LAND

Information concerning this offering is from sources deemed reliable, but no warranty is made as to the accuracy thereof. It is submitted subject to errors, omissions, change of price or other conditions, prior sale or lease or withdrawal without notice.



Griffin RoadGriffin Road

Kathleen Road

Kathleen Road

Mall Hill D

r.

Mall Hill D

r.

Cambridge Cambridge Cove AptsCove Apts

Lakeland Lakeland SquareSquare

MallMall

LakelandLakelandPark Park

CenterCenter

PepperidgePepperidgeFarmsFarms

McKessonMcKesson

LakelandLakelandToyotaToyota

Town & Town & CountryCountrySquare Square (Publix)(Publix)

Chrysler, Chrysler, Dodge, Jeep Dodge, Jeep DealershipDealership

KeiserKeiserUniversityUniversity

WalgreensWalgreens

Providence Road

Providence Road

Kathleen RoadKathleen Road

Knights Station Rd.Knights Station Rd.

TampaTampaMaid FoodsMaid Foods

CocaCocaColaCola

Colo5Colo5

MissionMissionFoodsFoods

CardinalCardinalHealthHealth

TampaTampa

Orlando

Orlando

ExitExit3131

SITE7/117/11

ConvenienceConvenienceStoreStore


COMMERCIAL LAND

CLOSE UP AERIALCLOSE UP AERIAL




Mall Hill DriveMall Hill Drive

Kathleen Road

Kathleen Road

2.43 Net2.43 NetUsableUsableAcresAcres

(C-2 Commercial SITE) (C-2 Commercial SITE)

I-4/Exit 31

I-4/Exit 31

Griffin Rd

Griffin Rd

Lakeland

Lakeland Square Square MallMall

OwnersOwnersAssociation Association RetentionRetention

227’227’

278’278’

7/117/11ConvenienceConvenience

StoreStore

Duff Rd.

Campbell Rd.

Banana Rd.G

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way

R

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Rd.

Marcum Rd.

Socr

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Loop

Rd.

Cou

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Line

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LSB

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Drane Field Rd.

Pipkin Rd.

Airp

ort R

d.

Lakeland Linder

Regional Airport

Har

den

Blv

d.

S Fl

orid

a Av

enue

Lake Miriam Dr.

Old Tampa Hwy.George Jenkins Blvd.

Kathleen Rd.Memorial Blvd.

Shepherd Rd.

Lake

land

Hig

hlan

ds R

d.

Clubhouse Rd.

Crews Lake Rd.

Carter Rd.

Polk Parkway

Winter Lake Rd.

Maine Ave.

Rey

nold

s R

d.

Com

bee

Rd.

Edgewood Dr.

Bartow Highway

Lake

land

Hill

s B

lvd.

Saddlecreek Rd.

Nor

th F

lorid

a Av

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To Orlando

New Tampa Hwy.

Ewell Rd.

Old

Hw

y 37

Main St.

Central Barn Rd.

Cam

pbel

l Rd.

Kat

hlee

n R

d. Socrum.

USF POLYTECHNIC

CAMPUS

ORLANDO

TAMPAC

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Rd.Loop


COMMERCIAL LAND

I-4 CORRIDOR MAPI-4 CORRIDOR MAP



LISA PARKS ABBERGER, SIOR, AICP | 863-682-6147 • [email protected]

SITE


COMMERCIAL LAND

EXECUTIVE SUMMARYEXECUTIVE SUMMARY




Executive SummaryKathleen Rd & Mall Hill Dr, Lakeland, Florida, 33810 Prepared by EsriRings: 5, 10, 20 mile radii Latitude: 28.07605

Longitude: -81.99164

5 miles 10 miles 20 milesPopulation

2000 Population 91,916 226,297 553,0572010 Population 108,783 265,432 662,0272020 Population 122,306 298,930 753,8932025 Population 130,060 318,591 805,2252000-2010 Annual Rate 1.70% 1.61% 1.81%2010-2020 Annual Rate 1.15% 1.17% 1.28%2020-2025 Annual Rate 1.24% 1.28% 1.33%2020 Male Population 48.1% 48.5% 48.9%2020 Female Population 51.9% 51.5% 51.1%2020 Median Age 40.6 40.7 41.4

In the identified area, the current year population is 753,893. In 2010, the Census count in the area was 662,027. The rate of change since 2010 was 1.28% annually. The five-year projection for the population in the area is 805,225 representing a change of 1.33% annually from 2020 to 2025. Currently, the population is 48.9% male and 51.1% female.

Median Age

The median age in this area is 40.6, compared to U.S. median age of 38.5.Race and Ethnicity

2020 White Alone 66.1% 72.7% 73.7%2020 Black Alone 21.6% 14.9% 13.4%2020 American Indian/Alaska Native Alone 0.5% 0.4% 0.5%2020 Asian Alone 1.9% 2.1% 2.4%2020 Pacific Islander Alone 0.1% 0.1% 0.1%2020 Other Race 6.5% 6.5% 6.8%2020 Two or More Races 3.5% 3.3% 3.2%2020 Hispanic Origin (Any Race) 21.5% 21.5% 22.6%

Persons of Hispanic origin represent 22.6% of the population in the identified area compared to 18.8% of the U.S. population. Persons of Hispanic Origin may be of any race. The Diversity Index, which measures the probability that two people from the same area will be from different race/ethnic groups, is 63.4 in the identified area, compared to 65.1 for the U.S. as a whole.

Households2020 Wealth Index 63 78 832000 Households 37,812 88,799 212,4262010 Households 43,662 102,183 248,8432020 Total Households 48,438 113,583 279,6142025 Total Households 51,336 120,535 297,2152000-2010 Annual Rate 1.45% 1.41% 1.59%2010-2020 Annual Rate 1.02% 1.04% 1.14%2020-2025 Annual Rate 1.17% 1.20% 1.23%2020 Average Household Size 2.46 2.59 2.65

The household count in this area has changed from 248,843 in 2010 to 279,614 in the current year, a change of 1.14% annually. The five-year projection of households is 297,215, a change of 1.23% annually from the current year total. Average household size is currently 2.65, compared to 2.62 in the year 2010. The number of families in the current year is 194,869 in the specified area.

Data Note: Income is expressed in current dollars. Housing Affordability Index and Percent of Income for Mortgage calculations are only available for areas with 50 or more owner-occupied housing units. Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2020 and 2025. Esri converted Census 2000 data into 2010 geography.

July 27, 2020

©2020 Esri Page 1 of 2


COMMERCIAL LAND

EXECUTIVE SUMMARYEXECUTIVE SUMMARY



Executive SummaryKathleen Rd & Mall Hill Dr, Lakeland, Florida, 33810 Prepared by EsriRings: 5, 10, 20 mile radii Latitude: 28.07605

Longitude: -81.99164

5 miles 10 miles 20 milesMortgage Income

2020 Percent of Income for Mortgage 13.0% 13.1% 13.4%Median Household Income

2020 Median Household Income $47,914 $53,708 $54,7182025 Median Household Income $50,843 $56,717 $58,3252020-2025 Annual Rate 1.19% 1.10% 1.28%

Average Household Income

2020 Average Household Income $63,448 $72,416 $74,5902025 Average Household Income $69,373 $80,126 $82,8012020-2025 Annual Rate 1.80% 2.04% 2.11%

Per Capita Income2020 Per Capita Income $24,965 $27,538 $27,7032025 Per Capita Income $27,193 $30,335 $30,5972020-2025 Annual Rate 1.72% 1.95% 2.01%

Households by IncomeCurrent median household income is $54,718 in the area, compared to $62,203 for all U.S. households. Median household income is projected to be $58,325 in five years, compared to $67,325 for all U.S. households

Current average household income is $74,590 in this area, compared to $90,054 for all U.S. households. Average household income is projected to be $82,801 in five years, compared to $99,510 for all U.S. households

Current per capita income is $27,703 in the area, compared to the U.S. per capita income of $34,136. The per capita income is projected to be $30,597 in five years, compared to $37,691 for all U.S. households Housing

2020 Housing Affordability Index 174 174 1702000 Total Housing Units 44,836 101,298 243,978

2000 Owner Occupied Housing Units 24,243 62,657 159,2162000 Renter Occupied Housing Units 13,570 26,142 53,2112000 Vacant Housing Units 7,023 12,499 31,551

2010 Total Housing Units 51,817 117,678 289,0212010 Owner Occupied Housing Units 26,214 69,071 179,5672010 Renter Occupied Housing Units 17,448 33,112 69,2762010 Vacant Housing Units 8,155 15,495 40,178



Currently, 60.7% of the 319,902 housing units in the area are owner occupied; 26.7%, renter occupied; and 12.6% are vacant. Currently, in the U.S., 56.4% of the housing units in the area are owner occupied; 32.3% are renter occupied; and 11.3% are vacant. In 2010, there were 289,021 housing units in the area - 62.1% owner occupied, 24.0% renter occupied, and 13.9% vacant. The annual rate of change in housing units since 2010 is 4.62%. Median home value in the area is $174,977, compared to a median home value of $235,127 for the U.S. In five years, median value is projected to change by 3.42% annually to $207,049.

Data Note: Income is expressed in current dollars. Housing Affordability Index and Percent of Income for Mortgage calculations are only available for areas with 50 or more owner-occupied housing units. Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2020 and 2025. Esri converted Census 2000 data into 2010 geography.

July 27, 2020



Site Map1800-1999 Mall Hill Dr Prepared by Esri1800-1999 Mall Hill Dr, Lakeland, Florida, 33810 Latitude: 28.07623Rings: 5, 10, 20 mile radii Longitude: -81.99079

September 26, 2018


20 Miles

5 Miles

10 Miles


COMMERCIAL LAND

SITE MAPSITE MAP



LISA PARKS ABBERGER, SIOR, AICP863-682-6147

[email protected]

LakelandLakelandTampaTampa

Orlando

Orlando

Documents

Kathleen Road & Mall Hill Drive, Lakeland, Florida · Show Recent Sales in this Neighborhood Subdivision MALL HILL ... Area NOT IN CRA Property Desc DISCLAIMER: This property description