Fully Entitled Multi-Family Site in Downtown Lakeland

For Sale

625 E Lime St, Lakeland, FL 33801

This Lakeland property for sale is located at 625 E Lime St. The general use of Fully Entitled Multi-Family Site in Downtown Lakeland is multi-family and it incorporates 49,896 square feet of class C multi-family space. The current listed sale price for Fully Entitled Multi-Family Site in Downtown Lakeland is $1,600,000. Fully Entitled Multi-Family Site in Downtown Lakeland is situated on a lot that is 0.89 acre in size.

Contacts

David Hungerford, CCIM, SIOR

Saunders Real Estate

Property Details

  • 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 Jul 2, 2026
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.
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Highlights

  • 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

Attachments

Getting around

  • 71/100

    Walk Score ®

  • 70/100

    Bike Score ®

Powered by Walk Score ®

Location

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

Points of Interest

  • Lakeland

    0.40 miles

  • Mobil

    2.04 miles

  • 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 R

    0.50 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

  • The Terrace Hotel

    0.34 miles

  • SpringHill Suites

    0.63 miles

  • Hyatt Place

    0.69 miles

  • America's Best Inn Lakeland

    1.06 miles

  • Westmont Inn

    1.54 miles

  • Relax Inn LAKELAND

    1.63 miles

  • Siesta Motel

    1.74 miles

  • Holiday Inn Express & Suites Lakeland South

    2.62 miles

  • Residence Inn Lakeland

    3.16 miles

  • Home2 Suites

    3.18 miles

  • Publix

    1.81 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

Contact Listing Broker
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