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5161 Berkley Rd Auburndale, FL 33823

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For Sale
$2,663,733

17.62 acres suitable for multifamily development in Auburndale, Florida.

Lot size:
17.62 Acres

Property Features for 5161 Berkley Rd

General Information

Lot size
17.62 Acres

Source: Saunders Real Estate, LLC Agent Eric Ammon, CCIM

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Auburndale Multifamily Development Land

This 17.62-acre property in Auburndale, Florida, is suitable for multifamily apartment development. Located along Berkley Road, the site may also accommodate industrial or retail uses. Annexation of the property is expected to allow for 15 to 18 units per acre, potentially supporting the construction of 225 to 275 units with a maximum height of 50 feet or a 3-story structure. The annexation process is estimated to cost $40 and take approximately one month for city commission agreement. The Future Land Use (FLU) designation is Residential Medium, with a recommendation to re-zone to PD-H2; the re-zoning process, including preliminary plat/site plan, is projected to take about four months. According to a recent city sewer capacity report, the development should not encounter any sewer capacity issues. A master lift station is currently under construction on a property to the south, intended to serve this development. Sewer line extension is scheduled for completion within the next 12 months. The property has an annual average daily traffic (AADT) count of 10,400 on Berkley Road and 44,000 on US 92. The total property tax is $7,131. Addresses associated with the property include 5161 Berkley Road, 100 My Way Drive, and 1913 County Road 655, Auburndale, FL 33823. A survey and multifamily rendering are available.
Location Intelligence

Current Use by Public Records

Residential land & home ...

Suggested Use

Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Auto Parts Store Department Store Kitchen & Bath

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Auburndale
County
Polk
State
Florida
Longitude
-81.8237065
Latitude
28.1383044

FAQs

What type of property is this?
Land - 17.62 acres suitable for multifamily development in Auburndale, Florida.
Where is this land located?
The property is located at 5161 Berkley Rd Auburndale, FL.
What is the asking price?
The asking price for this property is $2,663,733.
What are key features of this property?
This property features: - Potential for **225-275 multi-family units** due to annexation, allowing 15-18 units per acre.; - Master lift station being undertaken to the south will service the development.; - City report confirms sufficient sewer capacity for the development.
More about this property
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