East Lemon Street Development Site

Investment Overview

1307 E Lemon Street is a ±1.16-acre infill development site located just east of Downtown Lakeland. The property is zoned O-1 (Low Impact Office) with a Residential High (RH) future land use designation, allowing multifamily development by right, along with professional office, personal services and mixed-use development. RH permits up to 75 units per acre, and the property is exempt from non-utility impact fees under the City’s Core Improvement Area designation. A conceptual site plan prepared by Kimley-Horn features 54 multifamily units, 68 parking spaces, underground stormwater retention and a pool. The plan has not been reviewed by the City. Water and sewer are available along the property boundaries, and the site is located in Flood Zone X. Within approximately one mile of Downtown Lakeland, Lake Mirror and Lake Morton, the property offers convenient access to US 98 and surrounding amenities.

Investment Highlights

• Multifamily By Right: O-1 zoning with Residential High (RH) future land use allows up to 75 units per acre and a 2.0 FAR
• 54-Unit Conceptual Plan: Kimley-Horn layout includes 68 parking spaces, underground stormwater retention and a pool
• Impact Fee Exemption: Located within the City’s Core Improvement Area, exempting the property from non-utility impact fees
• Utilities & Flood Zone: City water and sewer mains along the property, with the entire site located in Flood Zone X