550 Commerce Drive

550 Commerce Drive, Lakeland, FL 33813

Property Information

  • For Sale Contact for pricing
  • Property Type Office
  • Property Size 14,732 SF
  • Lot Size 2.71 Acre
  • # of Floors 1
  • Average Floor Size 14,732 SF
  • Parking Spaces Avail. 103
  • Parking Ratio 7.00 / 1,000 SF
  • Property Tenancy Single Tenant
  • Building Class B
  • Year Built 2008
  • Year Renovated 2014
  • Date Updated May 19, 2026
  • Construction Type Block

Description

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.

Highlights

  • From I-4, take County Rd 37 (Florida Ave S) south to Commerce Drive. SSA is behind the post office.
  • High renewal probability
  • Current lease expires May 2028
  • Contractual rent escalations
  • Predictable cash flow

Contacts

Michelle Bible

VIP Executive Realty

Location

Located at 550 Commerce Drive, Lakeland, FL 33813, this property is part of the Lakeland Highlands neighborhood and Tampa St Petersburg Clearwater market.

Contact Listing Broker
Michelle Bible

VIP Executive Realty

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