LAKELAND, FL 33813 550 COMMERCE DRIVE
$5,250,000



4 more




Presented By: VIP EXECUTIVE REALTY LLC with 813-475-6019. - 813-475-6019
Home Details
This offering presents a rare opportunity to acquire a mission-critical asset
leased to the U.S. General Services Administration (GSA), providing investors
with secure, long-term income backed by the full faith and credit of the federal
government. Strategically positioned within a growing Florida market, the asset
offers both income stability and potential long-term upside supported by
favorable regional fundamentals. This investment is particularly attractive for
buyers seeking a passive, low-management asset with institutional-grade tenancy. The strength of a GSA lease, combined with the property’s functional design and established occupancy, creates a compelling opportunity to secure a high-quality government-backed income stream. The Tenant has invested over $800,000 improving the property over the last 6 years, therefore there is a high likelihood they will desire renewal, but they have no option in the lease, leaving it up to the investor to renegotiate or reposition the asset as medical use/surgery center for the greatest return.
Presented By: VIP EXECUTIVE REALTY LLC with 813-475-6019. - 813-475-6019
Interior Features for 550 COMMERCE DRIVE
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
General for 550 COMMERCE DRIVE
Additional Parcels Y/NNo
Building Area UnitsSquare Feet
CityLAKELAND
Construction MaterialsConcrete, Stucco
CoolingCentral Air
CountyPolk
DirectionsFrom I-4 south on Florida Ave South 2.8 miles to Commerce Dr. on the left. Building is directly behind the post office
Flood Zone CodeX
Flood Zone Code XY
Legal DescriptionCOMM SE COR OF SW1/4 OF NE1/4 OF SEC RUN N00-15-30W 200 FT S90-00-00W 1265.17 FT S12-53-54E 303.74 FT N77-06-06E 128.19 FT S12-53-54E 102.83 FT TO POB CONT S12-53-54E 61.23 FT TO CURVE RUN WLY ALONG CURVE 62.97 FT N12-53-54W 60.12 FT TO PT ON R/W LIN E OF COMMERCE DR RUN ELY ALONG SAID CURVE & R/W 62.81 FT TO POB
Living Area UnitsSquare Feet
Lot Size Square Feet118048
Lot Size UnitsAcres
MLS Area33813 - Lakeland
New ConstructionNo
OwnershipFee Simple
Property SubtypeOffice
Property TypeCommercial Sale
Standard StatusActive
StatusActive
Tax Annual Amount32000
Tax Year2025
Virtual TourClick here
Water Access Y/NNo
Water View Y/NNo
Year Built2008
Exterior for 550 COMMERCE DRIVE
Building Area Total15233
Foundation DetailsSlab
Lot Size Acres2.71
Lot Size Area2.71
Number of Buildings1
Number of Lots1
Road Frontage TypeCounty Road
Road Surface TypeAsphalt
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
Elio Rodriguez
Broker Associate
SQFT • 15,233