0 Old Dixie Hwy, Lakeland, FL 33823
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.
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.
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.