Four-Suite Mixed-Use
For Sale
$999,999
119 MAIN ST, Auburndale, FL 33823
Two commercial buildings combine office, retail, treatment, workshop, storage, and service-oriented space with separate suite functionality.
Property Size5,186 SF
Days on Market115
Property Features for 119 MAIN ST
General Information
Standard status
Active
Size
5,186 SF
Property subtype
Retail
Taxes and HOA fees
Annual Taxes
$3,692
Building Details
Building Size
5,186 SF
Year Built
1930
Buildings
2
Tenancy
Multi
Listing Agency:
CENTURY 21 MYERS REALTY
Listed By:
Tony Acosta · License #3589261
(863) 224-5956
Source:
Kingofrealestate
Added: Jun 22
Changed: Sep 29
Last Checked: Oct 13 at 3:34AM
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
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
$63,710
Cap Rate
6.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,274,200
$1.3M
Cap Rate 7%
$910,143
$910.1K
Cap Rate 9%
$707,889
$707.9K
Market Conditions
NOI Build-Up for 5,186 SF
Gross rent
$108.9K $21.00/SF
− Vacancy
−$24.0K −$4.62/SF
EGI
$84.9K $16.38/SF
− OpEx
−$21.2K −$4.10/SF
NOI
$63.7K $12.29/SF
Area
Polk County, FL
Vacancy
22.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,274,200
Cap Rate 7%
$910,143
Cap Rate 9%
$707,889
Alternative Uses
Best Use
Office B
$910.1K
$796.4K – $1.06M
NOI $63,710 @ 7.0% cap · market cap 6.37%
Second Best
Mixed Use
$834.3K
$730.0K – $973.4K
NOI $58,401 @ 7.0% cap · market cap 5.84%
Theoretical Best
Office A
$1.25M
$1.09M – $1.45M
NOI $87,237 @ 7.0% cap · market cap 8.72%
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
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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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
