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3520 US Highway 98 N
Lakeland, FL 33810
Big Box Retail Space at Lakeland Square Mall · Retail Property For Sale


Investment Highlights
- 104,892 SF building with ample retail space
- Zoned C-5 for diverse retail and commercial use
- Potential for retail and regional mall development
- Constructed in 1994 with modern infrastructure
- Strategic location in the thriving Lakeland area
- Versatile space for customization and Expansive layout
Executive Summary
Introducing a premier opportunity at 3800 US Highway 98 N, Lakeland, FL 33809. This expansive property offers an array of outstanding features suited for a variety of retail concepts. With its spacious layout and modern design, the site provides an ideal canvas for businesses looking to establish or expand their presence in a dynamic and growing market. Boasting prominent visibility, versatile space for customization, and convenient access from US Highway 98 and Interstate 4, this property is well positioned to support a wide range of retail uses in one of Lakeland’s key commercial corridors.
Location Description
Lakeland Square Mall is the dominant regional shopping destination in Lakeland, FL, strategically positioned along U.S. Highway 98 with direct access to I-4, drawing from both the Lakeland and greater Polk County markets. The center benefits from strong daily traffic and a diverse tenant mix anchored by Dillard’s, JCPenney, Cinemark Theatres, and Urban Air Trampoline Park complemented by national retailers such as Victoria’s Secret, Bath & Body Works, Foot Locker, Champs Sports, and Kay Jewelers. Outparcels and nearby pads are occupied by high-profile brands including Rooms to Go, Red Lobster, Buffalo Wild Wings, and Chili’s, further enhancing customer draw.
The property is well positioned to capture steady retail demand from surrounding residential growth and commuter traffic between Tampa and Orlando. Lakeland’s expanding population, coupled with new residential and commercial developments, reinforces the Mall’s role as the region’s primary shopping, dining, and entertainment hub.
Location Description
Lakeland Square Mall is the dominant regional shopping destination in Lakeland, FL, strategically positioned along U.S. Highway 98 with direct access to I-4, drawing from both the Lakeland and greater Polk County markets. The center benefits from strong daily traffic and a diverse tenant mix anchored by Dillard’s, JCPenney, Cinemark Theatres, and Urban Air Trampoline Park complemented by national retailers such as Victoria’s Secret, Bath & Body Works, Foot Locker, Champs Sports, and Kay Jewelers. Outparcels and nearby pads are occupied by high-profile brands including Rooms to Go, Red Lobster, Buffalo Wild Wings, and Chili’s, further enhancing customer draw.
The property is well positioned to capture steady retail demand from surrounding residential growth and commuter traffic between Tampa and Orlando. Lakeland’s expanding population, coupled with new residential and commercial developments, reinforces the Mall’s role as the region’s primary shopping, dining, and entertainment hub.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Department Store
Property Size
104,892 sq ft
Costar Property Class
B
Year Built
1994
Price
£4,435,797
Price per sq ft
£42.29
Occupancy Rate
Vacant
Tenancy
Multiple
Number of Floors
1
Loading Docks
10 Exterior
Plot ratio
0.32
Total Plot Size
7.61 ac
Use Class
C-5 - General Commercial
Parking
123 Spaces (1.17 Spaces per 1,000 sq ft Leased)
Frontage
2,577 ft on US Highway 98
Amenities
- Pylon Sign
- Security System
- Signage
- Signalised Intersection
- Tenant Controlled HVAC
- Enclosed Mall
Property Taxes
| Parcel Number | 23-27-35-000000-012120 | Improvements Assessment | £592,713 |
| Land Assessment | £760,347 | Total Assessment | £1,353,059 |
Property Taxes
Parcel Number
23-27-35-000000-012120
Land Assessment
£760,347
Improvements Assessment
£592,713
Total Assessment
£1,353,059
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