Live-Work Space with Office
208 CENTER Street, Auburndale, FL 33823
For Sale
$275,000
Commercial Sale, AUBURNDALE, FL
Property Size1,476 SF
Lot Size0.18 Acres
Price / SF$186.31
Days on Market176
Property Features for 208 CENTER Street
General Information
Property type
Property subtype
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Appliances
Subdivision
Lot features
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Standard status
APN
Size
Lot size
Additional Details
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Taxes and HOA fees
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Utilities
Utilities
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Building Details
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Floors in Building
Flooring type
Building materials
Roof type
Listing Agency:
CENTURY 21 MYERS REALTY · Century 21 Real Estate
(863) 875-5656
Listed By:
Miranda Gregory · License FL #3626111
(919) 576-6993
Added: May 22
Changed: Nov 12
Last Checked: Nov 13 at 8:06PM
MLS# S5150302
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,476-square-foot live-work property occupies a 0.18-acre site and was built in 1940. The interior includes a vaulted-ceiling room with a fireplace, a fully equipped kitchen with updated appliances and cabinetry, several additional rooms suitable for office, meeting, or treatment functions, and a primary bedroom with an ensuite bathroom and oversized closet. Recent improvements include a replaced HVAC system, new flooring, remodeled bathrooms, and a rebuilt chimney with a 60-inch electric fireplace.
Located on Center Street in downtown Auburndale, the property carries CG-1 zoning and includes a vinyl privacy fence with solar lighting plus a double gate providing backside access. Public water and public sewer serve the property, with electricity available.
Located on Center Street in downtown Auburndale, the property carries CG-1 zoning and includes a vinyl privacy fence with solar lighting plus a double gate providing backside access. Public water and public sewer serve the property, with electricity available.
Key Highlights
- 1,476 SF live‑work property on a 0.18‑acre site
- CG‑1 zoning in downtown Auburndale
- Vaulted‑ceiling room with fireplace for reception or gathering use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,420
Cap Rate
7.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$408,400
$408.4K
Cap Rate 7%
$291,714
$291.7K
Cap Rate 9%
$226,889
$226.9K
Market Conditions
NOI Build-Up for 1,476 SF
Gross rent
$32.4K $21.96/SF
− Vacancy
−$5.2K −$3.51/SF
EGI
$27.2K $18.45/SF
− OpEx
−$6.8K −$4.61/SF
NOI
$20.4K $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%
$408,400
Cap Rate 7%
$291,714
Cap Rate 9%
$226,889
Alternative Uses
Best Use
Office B
$291.7K
$255.3K – $340.3K
NOI $20,420 @ 7.0% cap · market cap 7.43%
Second Best
Mixed Use
$208.7K
$182.7K – $243.5K
NOI $14,612 @ 7.0% cap · market cap 5.31%
Theoretical Best
Office A
$376.9K
$329.8K – $439.7K
NOI $26,382 @ 7.0% cap · market cap 9.59%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
801
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?
Live-work space - CG-1-zoned property with flexible rooms, updated systems, and a full kitchen.
Where is this live-work space located?
The property is located at 208 CENTER Street Auburndale, FL.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 1,476 SF live‑work property on a 0.18‑acre site; CG‑1 zoning in downtown Auburndale; Vaulted‑ceiling room with fireplace for reception or gathering use
