Four-Suite Mixed-Use
119 MAIN ST, Auburndale, FL 33823
For Sale
$999,999
Two commercial buildings combine office, retail, treatment, workshop, storage, and service-oriented space with separate suite functionality.
Property Size5,186 SF
Days on Market145
Property Features for 119 MAIN ST
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Tenancy
Listing Agency:
CENTURY 21 MYERS REALTY
Listed By:
Tony Acosta · License FL #3589261
(863) 224-5956
Source:
Kingofrealestate
Added: Jun 22
Changed: Oct 31
Last Checked: Nov 12 at 1:51PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 MYERS REALTY
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Investment Insights
Based on property information with market context.
This mixed-use commercial property comprises two buildings totaling 5,186 square feet and includes four separate suites. The front structure provides reception areas, private offices, treatment rooms, restrooms, and adaptable work areas. The rear building adds space suited to office, retail, workshop, production, storage, or service functions. Independent suite layouts support multiple occupants or a combined owner-user configuration with additional rental space.
Built in 1930, the property is located at 119 Main St in downtown Auburndale, Florida. Its setting along a visible downtown corridor includes storefront exposure, pedestrian access, and convenient parking. The combination of two structures and varied commercial layouts accommodates a range of office, retail, medical, service, and light production operations.
Built in 1930, the property is located at 119 Main St in downtown Auburndale, Florida. Its setting along a visible downtown corridor includes storefront exposure, pedestrian access, and convenient parking. The combination of two structures and varied commercial layouts accommodates a range of office, retail, medical, service, and light production operations.
Key Highlights
- 5,186 SF mixed‑use property with two buildings
- Four separate commercial suites
- Front building includes reception areas, private offices, treatment rooms, and restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,747
Cap Rate
7.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,434,940
$1.4M
Cap Rate 7%
$1,024,957
$1.0M
Cap Rate 9%
$797,189
$797.2K
Market Conditions
NOI Build-Up for 5,186 SF
Gross rent
$113.9K $21.96/SF
− Vacancy
−$18.2K −$3.51/SF
EGI
$95.7K $18.45/SF
− OpEx
−$23.9K −$4.61/SF
NOI
$71.7K $13.83/SF
Area
Polk County, FL
Vacancy
16.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,434,940
Cap Rate 7%
$1,024,957
Cap Rate 9%
$797,189
Alternative Uses
Best Use
Office B
$1.02M
$896.8K – $1.20M
NOI $71,747 @ 7.0% cap · market cap 7.17%
Second Best
Retail
$814.8K
$712.9K – $950.6K
NOI $57,034 @ 7.0% cap · market cap 5.70%
Theoretical Best
Office A
$1.32M
$1.16M – $1.54M
NOI $92,694 @ 7.0% cap · market cap 9.27%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
734
Businesses Nearby
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Business Placement
Demographics for 33823, FL
33,733
Population
15,383
Households
2.2
Avg Household Size
42
Median Age
17%
College-Educated
86%
High-School Grad
34.9 sq mi
ZIP Area
967
Density / Sq Mi
$64,248
Median Household Income
$39,187
Median Earnings
$1,068
Median Rent
$234,300
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two commercial buildings combine office, retail, treatment, workshop, storage, and service-oriented space with separate suite functionality.
Where is this mixed-use property located?
The property is located at 119 MAIN ST Auburndale, FL.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: 5,186 SF mixed‑use property with two buildings; Four separate commercial suites; Front building includes reception areas, private offices, treatment rooms, and restrooms
