1419 Wabash Ave, Lakeland, FL 33805
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.
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.