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    Old Dixie Hwy Lakeland, FL 33823

    For Sale
    $6,552,000

    38-acre prime development site. 312+ units possible.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 38.06-acre parcel in Auburndale, Florida, presents a remarkable opportunity for multifamily development. Located at the intersection of Polk Parkway and Old Dixie Highway (CR 546), this site is zoned for multifamily use and approved for construction of 312+ residential units. The property is part of a larger master-planned community, seamlessly integrating with 233 single-family lots, 266 townhome lots, and an 85-room hotel, creating a diverse and vibrant residential ecosystem. Its strategic location offers unparalleled convenience, situated just 20 minutes from Legoland Florida and less than an hour from both Disney World Resort and Universal Studios Florida. This prime location provides future residents with easy access to major attractions and entertainment. The development potential extends beyond traditional multifamily housing, with opportunities to incorporate amenities such as RV parking and bungalow-style units, catering to a wide range of lifestyles and preferences. This is a unique chance to create a thriving community in a rapidly growing area, offering a compelling investment opportunity for developers seeking to build a high-impact residential project. The asking price for this exceptional property is $6,552,000. The legal entity currently owning the land is Auburn Lakes, LLC. The property's address is 0 Old Dixie Hwy, Auburndale, FL 33823, within Polk County.

    Property Features for 0 Old Dixie Hwy

    General Information

    Property type
    Multifamily properties
    Lot Size
    1,657,894 SF

    HighLights

    • $6,552,000 asking price for 38.06 acres of land zoned for multifamily development.
    • Prime Auburndale, FL location at the intersection of Polk Parkway and Old Dixie Highway (CR 546).
    • Approved for 312+ multifamily units.
    • Part of a larger master‑planned community with single‑family lots, townhomes, and a hotel.
    • Conveniently located near Legoland, Disney World, and Universal Studios.
    • Development potential includes RV parking and bungalow‑style units.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lakeland
    County
    Polk
    State
    Florida
    Longitude
    -81.837991305797
    Latitude
    28.073450537056

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    FAQs

    What type of property is this?
    Multifamily property - 38-acre prime development site. 312+ units possible.
    Where is this multifamily property located?
    The property is located at Old Dixie Hwy Lakeland, FL.
    What is the asking price?
    The asking price for this property is $6,552,000.
    What are key features of this property?
    This property features: $6,552,000 asking price for 38.06 acres of land zoned for multifamily development.; Prime Auburndale, FL location at the intersection of Polk Parkway and Old Dixie Highway (CR 546).; Approved for 312+ multifamily units.
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    Lakeland, FL 33823
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Old Dixie Hwy Lakeland, FL 33823
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