For Sale

Fully Entitled Multi-Family Site in Downtown Lakeland

625 E Lime St, Lakeland, FL 33801

TBDThis fully permitted multi-family development site offers a rare, shovel-ready opportunity in the heart of downtown Lakeland. Located at the corner of Lime Street and Indiana Avenue in the charming Garden District, the property includes two parcels with approved plans and entitlements for 48 units—backed by valuable developer incentives from the City of Lakeland. The thoughtfully designed unit mix features 40 one-bedroom, one-bath residences and 8 two-bedroom, two-bath homes, ideally suited to meet the area’s strong and growing rental demand. This property is perfectly positioned to take advantage of downtown’s ongoing transformation. In recent years, thousands of jobs have shifted into the area with the arrival of major projects like the new Summit building and Publix’s Downtown IT headquarters. Just steps away, residents can enjoy Barnett Park, Hollis Garden, The Joinery food hall, Lake Mirror, and Lake Morton. With downtown’s live-work-play renaissance in full swing, this location offers not only lifestyle convenience but also strong long-term value.

Key features

  • Backed by developer incentives from the City of Lakeland
  • Shovel-ready multifamily development site in downtown Lakeland
  • Two parcels with approved plans and entitlements for 48 total units
  • Unit mix includes 40 one-bedroom and 8 two-bedroom residences
  • Walking distance to Barnett Park, Hollis Garden, The Joinery, Lake Mirror, and Lake Morton
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Contacts

David Hungerford, CCIM, SIOR

Saunders Real Estate

Building Details

  • For Sale $1,600,000
  • Property Type Multi-Family
  • Property Size 49,896 SF
  • Units 48
  • Lot Size 0.89 Acre
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Date Updated May 28, 2026

Attachments

Getting Around

  • Walk Score ®

    Very Walkable (71)

  • Bike Score ®

    Very Bikeable (70)
Powered by Walk Score ®

Location

  • City Lakeland, FL
  • Neighborhood East Lake Morton
  • Zip Code 33801
  • Market Tampa St Petersburg Clearwater

Points of Interest

Speedway

2.29 miles

7-Eleven

2.60 miles

Sam's Club Fueling Station

3.31 miles

BP

3.89 miles

Lakeland Supercharger

4.25 miles

Exxon

4.34 miles

Racetrack

4.94 miles

Parking Lot BB

0.51 miles

Parking Lot B

0.56 miles

Parking Lot C

0.59 miles

Parking Lot J

0.75 miles

Gow B. Fields Park & Ride

3.18 miles

Visitor Parking

5.61 miles

Adopotion Center Parking

5.66 miles

Economy Parking

9.60 miles

Lake Miriam Car Wash

4.66 miles

Time to Shine Car Wash

8.87 miles

Fresco's

0.32 miles

Bedrock Wings

0.34 miles

Palace Pizza

0.35 miles

The Back Nine

0.38 miles

Harry's

0.38 miles

Restaurant 1961

0.39 miles

Jimmy John's

0.42 miles

Cozy Oaks Restaurant

0.64 miles

Tutu's Cyber Cafe

0.77 miles

Winn-Dixie

2.73 miles

Walmart Supercenter

2.76 miles

Marshalls

2.95 miles

Target

3.10 miles

Kohl's

3.16 miles

Belk

3.23 miles

Bealls

3.28 miles

Big Lots

3.62 miles

Ross

3.64 miles

Fire Department

0.35 miles

Lakeland Police Department

0.37 miles

Lakeland Police Department Headquarters

0.46 miles

Polk County Sheriff's Office Community Policing Unit Sunray

0.75 miles

Polk County Sheriff's Office

0.93 miles

Lakeland Regional Health Medical Center

1.40 miles

Fire Station 2

1.54 miles

Watson Clinic

1.79 miles

Polk County Sheriff's Office Community Policing Unit

2.40 miles

625 E Lime St Listing Summary

  • What is the asking price at Fully Entitled Multi-Family Site in Downtown Lakeland?

    Fully Entitled Multi-Family Site in Downtown Lakeland is currently listed for sale at Contact for pricing.

  • What is the total size of Fully Entitled Multi-Family Site in Downtown Lakeland?

    Fully Entitled Multi-Family Site in Downtown Lakeland has a total of 49,896 square feet.

Contact Listing Broker
David Hungerford, CCIM, SIOR

Saunders Real Estate

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