The former Lott-Mather Buick Pontiac GMC car dealership has been sold.
A private investor purchased the 9.9-acre property at 2900 James L. Redman Parkway for $900,000. The investor plans to lease the property for retail use. Plant City-based City Properties will be handling the leasing.
“There has been a number of inquiries,” said Realtor Ken Gibbs, of Jack T. Gibbs, Realtors, said regarding the property.
The former car dealership includes five buildings. The main building, a 14,000-square-foot showroom, was built in 1972. The property also includes four other structures, bringing the total square footage to about 26,000, Gibbs said.
The investor currently is working on renovations and repairs to prepare the property for leasing. While it was vacant, thieves broke in and stole copper wiring.
“There is quite a lot of work to be done,” Gibbs said.
Gibbs said the buildings could be ready for leasing by the latter part of this year.
Jack T. Gibbs, Realtors took over the property from another company and handled it for about a year.
The Lott-Mather Buick Pontiac GMC car dealership, owned by Rick Lott and Bill Mather, closed in 2009, along with Lott-Mather Chevrolet, in Haines City, and a third dealership in Fitzgerald, Ga.
According to public record, Lott Mather Partners, Inc. bought the property for $1.55 million in 2000, from Conley Buick and Pontiac dealership.
Contact Amber Jurgensen at ajurgensen@plantcityobserver.com.
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