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    OFF-MARKET
    Land

    0 Old Dixie Hwy, Lakeland, FL 33823

    38.06 ac lot
    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Land
    Lot 38.06 ac (1,657,894 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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