REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 949,000
Est. payment /mo
New
1405 OLIVE ST Lakeland, FL 33815
4.08 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Unimproved
Listing Status Active
Purchase Type For Sale
Subdivision Westgate Sub
MLS Listing ID TB8562746
HOA Y/N No
Annual Tax Amount $1
Lot Size 4.080 Acres
Acres 4.08
Lot Dimensions 355x481x364x559
Property Sub-Type Unimproved
Source Stellar MLS
Property Description
Industrial property offering approximately 4.08 acres zoned I-2, conveniently located near downtown Lakeland. The property is fully fenced and well-suited for outdoor storage, equipment storage, and industrial yard operations.
A key feature of the property is an active CSX rail spur located at the rear of the property, providing potential rail access for industrial users. A CSX approval letter is available authorizing upgrades to the existing rail spur without requiring a permit.
The property currently generates $3,000 per month in rental income from a towing company leasing approximately one acre, leaving roughly three acres available for additional use or potential income opportunities.
A current survey is available. The property is a former brownfield site subject to a restrictive covenant. Any proposed new construction requires approval from the applicable environmental agency. Per the seller, there is no exterior contamination, and the property is suitable for continued outdoor storage and yard operations in its current condition.
With existing rental income, rail infrastructure, industrial zoning, and available acreage, this property presents an opportunity for industrial users or investors seeking a functional site in the Lakeland market.
A key feature of the property is an active CSX rail spur located at the rear of the property, providing potential rail access for industrial users. A CSX approval letter is available authorizing upgrades to the existing rail spur without requiring a permit.
The property currently generates $3,000 per month in rental income from a towing company leasing approximately one acre, leaving roughly three acres available for additional use or potential income opportunities.
A current survey is available. The property is a former brownfield site subject to a restrictive covenant. Any proposed new construction requires approval from the applicable environmental agency. Per the seller, there is no exterior contamination, and the property is suitable for continued outdoor storage and yard operations in its current condition.
With existing rental income, rail infrastructure, industrial zoning, and available acreage, this property presents an opportunity for industrial users or investors seeking a functional site in the Lakeland market.
Location
State FL
County Polk
Community Westgate Sub
Area 33815 - Lakeland
Zoning IND
Exterior
Utilities Available Electricity Available, Sewer Available
View Y/N No
Water Access No
Exposure South
Building
Lot Size Range 2 to less than 5
Sewer Public Sewer
Water Public
Others
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8562746
© 2026 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Listed by Adam Smith COMPASS FLORIDA LLC