0 1 St Four Corners, FL 33868
This exceptional 0.29-acre commercial land parcel in Polk City, Florida, presents a unique investment opportunity. Located on 1st Street, this C-2 zoned property boasts approximately 12,500 square feet with 100 feet of road frontage and a depth of 125 feet. Public water and power are readily available nearby. An approved site development plan allows for diverse uses, including general retail, auto/boat sales (new and used), assisted living facilities, nursing homes, medical and professional offices, restaurants, and more. While warehouse use is restricted without accompanying retail or office space and would require city approval of a revised site development plan, the possibilities are extensive. The property's strategic location across from a residential neighborhood and one block from State Road 33 (Commonwealth Ave) offers exceptional visibility and accessibility. SR 33, with a 2023 daily traffic count exceeding 11,660 (an 11%+ increase since 2021), connects Polk City to Lakeland and provides easy access to Interstate 4. Polk City's rapid growth, fueled by new residential developments (over 400 new homes recently added, with more planned), new commercial developments (including strip malls and a gas station), and proximity to major employers like Amazon, Pepsi, and Best Buy, makes this a highly desirable location. The area also benefits from recreational amenities such as the Gen. Van Fleet Nature Trail and numerous freshwater lakes. The Florida Polytechnic University campus and two industrial parks are less than six miles away, near I-4. Considering comparable commercial land near I-4 and Polk City lists for upwards of $800,000 per acre, this property's asking price of $85,000 represents an exceptional value at $293,103 per acre. This is a prime opportunity for immediate development or a strong buy-and-hold investment in a rapidly appreciating market. The property is offered fee simple. The APN is 25-26-32-296000-002060.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.