Live-Work Space with Office
For Sale
$275,000
208 CENTER Street, Auburndale, FL 33823
Commercial Sale, AUBURNDALE, FL
Property Size1,476 SF
Lot Size0.18 Acres
Price / SF$186.31
Days on Market143
Property Features for 208 CENTER Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CG-1
Appliances
Dishwasher, Dryer, Microwave, Refrigerator, Washer
Subdivision
WEEKS D P RESUB
Lot features
Central Business District, City Limits, Paved
Directions
Take Auburndale Hwy (US-92 E) and go towards Downtown Auburndale for 2.8 miles; Turn left onto Main St. and go for .4 mile; Turn right onto Palmetto St. and then turn left onto Center St.; the property is located on the right side of the street.
Standard status
Active
APN
25-28-11-332500-001231
Size
1,476 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
WEEKS D P RESUBDIVISION PB 11 PG 14 BLK 1 PART LOTS 23 TO 28 DESC AS BEG NW COR LOT 28 FOR POB RUN SWLY ALONG CENTRAL ST 57 FT SELY 102 FT SWLY 3 FT SELY 33 FT NELY 60 FT NWLY 135 FT TO POB
Tax Annual Amount
1749
Legal Description
WEEKS D P RESUBDIVISION PB 11 PG 14 BLK 1 PART LOTS 23 TO 28 DESC AS BEG NW COR LOT 28 FOR POB RUN SWLY ALONG CENTRAL ST 57 FT SELY 102 FT SWLY 3 FT SELY 33 FT NELY 60 FT NWLY 135 FT TO POB
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1940
Floors in Building
1
Flooring type
Vinyl, Carpet
Building materials
Stone, Stucco, Frame
Roof type
Shingle, Metal
Listing Agency:
CENTURY 21 MYERS REALTY · Century 21 Real Estate
(863) 875-5656
Listed By:
Miranda Gregory · License #3626111
(919) 576-6993
Added: May 22
Changed: Oct 7
Last Checked: Oct 11 at 9:06PM
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.
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
$18,133
Cap Rate
6.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$362,660
$362.7K
Cap Rate 7%
$259,043
$259.0K
Cap Rate 9%
$201,478
$201.5K
Market Conditions
NOI Build-Up for 1,476 SF
Gross rent
$31.0K $21.00/SF
− Vacancy
−$6.8K −$4.62/SF
EGI
$24.2K $16.38/SF
− OpEx
−$6.0K −$4.10/SF
NOI
$18.1K $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%
$362,660
Cap Rate 7%
$259,043
Cap Rate 9%
$201,478
Alternative Uses
Best Use
Office B
$259.0K
$226.7K – $302.2K
NOI $18,133 @ 7.0% cap · market cap 6.59%
Second Best
Mixed Use
$237.5K
$207.8K – $277.0K
NOI $16,622 @ 7.0% cap · market cap 6.04%
Theoretical Best
Office A
$354.7K
$310.4K – $413.8K
NOI $24,829 @ 7.0% cap · market cap 9.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
801
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?
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
