1046 Martin L King Jr AVENUE, Lakeland, FL, 33805 | $429,000

**Prime Commercial Building on a Corner Lot in Lakeland, FL – Formerly Land mark of Brothers BBQ** Step into a piece of Lakeland history with this iconic 2400 sq ft commercial building, once home to the famous Brothers BBQ. Perfectly situated on a corner lot, this versatile property is primed for your business vision, whether you continue its culinary legacy or venture into a new commercial endeavor. **Key Features: ** - **BBQ Pit & Hood Included**: Ready for restaurant use, equipped with essential BBQ infrastructure. - **Updated Amenities**: New windows, roof approx 10yr, acid-stained concrete floors in the patron area, and quarry tile in the kitchen. - **Functional Layout**: Features a walk-up window, walk-in cooler and freezer, small office in the kitchen, and two updated bathrooms for men and women. - **Parking & Accessibility**: 13 regular parking spots, 1 handicap spot, and additional public parking in the rear. - **Versatile Licensing**: Liquor license can be approved in this location, offering potential for a vibrant bar, café, or any commercial enterprise. This property is a unique opportunity to own a cornerstone of Lakeland’s commercial scene. With its prime location, updated features, and flexible usage options, it’s ready to host your business success story. **Don’t miss your chance to make this landmark property your own!**

Features

  • Property Type: Restaurant
  • Construction: Block, Brick, Concrete, Stucco
  • Utilities: Public
  • Garage: 13 to 18 Spaces, 19 to 30 Spaces
  • Heating: Central
  • Cooling: Central Air
  • Year Built: 1986
  • Approx Sq. Feet: 2,400
  • Acreage: 0.3
  • Est. Taxes: $994
  • Lot Desc: Corner Lot
  • MLS#: L4939793
  • Days on Market: 390 days
  • Website: https://www.raveis.com
    /prop/L4939793/1046martinlkingjravenue_lakeland_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 11/22/2024 1:40:20 AM)
Listing courtesy of LA ROSA REALTY PRESTIGE   Phone: 863-940-4850

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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1046 Martin L King Jr AVENUE, Lakeland, FL, 33805

$429,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $343,200 $343,200 $343,200
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.477% 7.159% 6.296%
Monthly Tax Payment $83 $83 $83
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,283 $2,281 $2,894
Total Monthly Payment $2,441 $2,439 $3,052

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.