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Property profile

1419 Wabash Ave Lakeland, FL 33805

OFF-MARKET
Land
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31.5 ac lot

Property summary

AI-generated overview

This exceptional 31.5-acre parcel presents a remarkable opportunity for residential development in desirable Lakeland, Florida. Located at 1419 N Wabash Ave, Polk County, (APN 232826 000000 032011), this property is zoned FLU-RL-4, permitting up to four residential units per acre, subject to due diligence by the prospective buyer. The asking price is $2,500,000, translating to $79,365 per acre. Its strategic location offers convenient access to downtown Lakeland, just minutes away, and enjoys proximity to major transportation arteries, including I-4 and the Polk Parkway (approximately 10 minutes). The property's adjacency to South Wabash Ave, with future expansion plans connecting to Lakeside Village, further enhances its appeal. Public water and sewer services, provided by the City of Lakeland, are readily available adjacent to the site, although capacity verification requires due diligence. This land offers the potential to create a substantial residential community or a private family estate. The property is situated in unincorporated Polk County, approximately 30 miles from downtown Tampa. All potential buyers are responsible for conducting their own due diligence to confirm the number of permissible units and available utility capacity.

Property profile

Verified
Property type Land
Lot 31.5 ac (1,372,140 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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