500 Mckean St Auburndale, FL 33823
- Warehouses
- 89,520 SF
- 15.63 lot acres
Current Use by Public Records
- Trucklee, Parking and storage for trucks and trailers / Parking Lot
- Raymond Building Supply / Building Materials Supplier
Property Details for 500 Mckean St
- Year built
- 1962
- Lot size
- 15.63 lot acres
- Property size
- 89,520 SF
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 252810000000023050
- APU
- 252810000000023050
Description
This exceptional Auburndale, FL industrial property boasts 106,437 square feet of warehouse space and 15.74 acres of land, offering significant flexibility for various industrial uses. The property, located at 500 McKean St, Auburndale, FL 33823, features a Class B, single-story building constructed in 1962 and extensively renovated in 2023. The building includes 10 dock-high doors and a 24-foot ceiling height. A portion of the property (Building 494) offers a smaller, renovated warehouse space with a new roof, a small office, 12-foot clear height, one dock-high door, and one ramp. The expansive outdoor area provides ample space for yard storage, truck parking, or other outdoor operations. The property is zoned IND - Industrial (Polk County), permitting light manufacturing, warehousing, storage, and limited retail uses. Its strategic location on US-92 in Auburndale's industrial hub offers easy access to major transportation arteries, including I-4, Polk Parkway, and Hwy 60, providing convenient access to Tampa, Orlando, Lakeland, and other key Central Florida locations. The property's proximity to established businesses like Coca-Cola, Cutrale, and US LBM further enhances its appeal. The 15.74-acre lot includes a mix of paved and grassy areas, fully fenced for security. This property presents a rare opportunity to acquire a substantial industrial asset in a prime Central Florida location. The APN is 25-28-10-000000-023050 + 25-28-10-000000-024060.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,040,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,570,000
- 6.5%
- $2,740,000
- 7%
- $2,760,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,350,000
- Geo Method
- $2,710,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,045,000
- Retail
- $2,425,000
- Mixed-Use
- $2,715,000
- Hospitality
- $2,045,000
- Educational
- $2,145,000
- Residential Income
- $2,080,000
- Energy
- $2,820,000
- Income-Based Land
- $2,490,000
- Food Service
- $2,275,000
Location Insight
- Map
- Local Demand
- City
- Auburndale
- County
- Polk
- State
- Florida
- Longitude
- -81.7993
- Latitude
- 28.0587
- CBSA code
- 29460
- CBSA name
- LAKELAND, FL METROPOLITAN STATISTICAL AREA
