Multifamily Development Opportunity in
For Sale
$2,500,000
1205 NEVILLE Ave, Lakeland, FL 33805
Pre-construction multifamily development package with entitlements in place.
Property Size2,454 SF
Lot Size3.53 Acres
Days on Market167
Property Features for 1205 NEVILLE Ave
General Information
Standard status
Active
Size
2,454 SF
Lot size
3.53 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$6,367
Building Details
Building Size
2,454 SF
Year Built
1965
Stories
1
Units
4
Listing Agency:
Straight Up Realty & Property Management LLC
(863) 860-5337
Listed By:
Mary Kay Cook · License #3082392
(863) 860-5337
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 23 at 9:45AM
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 Straight Up Realty & Property Management LLC
Investment Insights
Based on property information with market context.
This pre-construction multifamily development package presents an opportunity for investors and developers. The project, currently in the entitlement phase, includes civil drawings and architect renderings. The development is planned for 4 buildings with a total of 87 apartments. The property is positioned near the I-4 interchange, Barnett Park, and downtown Lakeland, and it backs up to 7th Street Park with a gated entrance. The location may qualify for Midtown CRA grants. The development could serve as workforce housing, potentially benefiting teachers, healthcare workers, and police, especially with new hospitals planned for Lakeland.
Key Highlights
- Rare Multifamily Development Package: 4 Buildings, 87 Apartments
- $1M Price Improvement
- Entitlement Phase Complete with PUD and Civil Drawings
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
353
Businesses Nearby
Explore this area
Business Placement
Demographics for 33805, FL
26,954
Population
11,908
Households
2.3
Avg Household Size
36
Median Age
17%
College-Educated
82%
High-School Grad
26.0 sq mi
ZIP Area
1,037
Density / Sq Mi
$55,565
Median Household Income
$35,077
Median Earnings
$1,179
Median Rent
$173,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Pre-construction multifamily development package with entitlements in place.
Where is this apartment building located?
The property is located at 1205 NEVILLE Ave Lakeland, FL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Rare Multifamily Development Package: **4 Buildings, 87 Apartments**; $1M Price Improvement; Entitlement Phase Complete with PUD and Civil Drawings
