410 Lionel Way Davenport, FL 33837
- Medical offices
- 49,136 SF
- 3.28 lot acres
Current Use by Public Records
- HOF Surgery Center / Hospital / Surgical Center
- AdventHealth Medical Group General Surgery at Davenport / Hospital
- Tutu Cheng, MD / Plastic Surgeon / Surgeon
- Amber Shepard, MD / Family Practice Physician
- Donald H. Youmans, MD / Sports Medicine Physician
Property Details for 410 Lionel Way
- Year built
- 2011
- Lot size
- 3.28 lot acres
- Property size
- 49,136 SF
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 272631709002000112
- APU
- 272631709002000112
Description
This exceptional 8.01-acre site in Davenport, Florida, presents a prime multifamily development opportunity. Located at 410 Lionel Way, Polk County (APN 27-26-31-70-9002-000-111), this property boasts convenient access to I-4, providing easy commutes to Orlando's major attractions and employers, including Disney World, Universal Studios, and SeaWorld. The site is currently approved for a 240-unit multifamily development, with potential expansion to 285 units utilizing an additional 1.5 acres. Furthermore, up to 15,400 square feet of professional office space is permissible. Situated in a rapidly growing area of northeast Polk County, the property is within walking distance of AdventHealth, a 200-bed hospital with expansion plans, and surrounded by thriving commercial and residential developments. Davenport's population has more than tripled since 2010, reflecting the area's robust growth trajectory. This location offers unparalleled access to major roadways, employment centers, and recreational amenities, making it an ideal investment for high-density residential development. The property's strategic location and development approvals make it a compelling investment opportunity in a high-growth market. The zip code is 33837.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $12,770,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $10,100,000
- 6.5%
- $9,250,000
- 7%
- $9,770,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $9,475,000
- Geo Method
- $9,820,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $11,495,000
- Retail
- $11,220,000
- Mixed-Use
- $11,655,000
- Hospitality
- $10,725,000
- Educational
- $8,660,000
- Residential Income
- $10,875,000
- Energy
- $10,540,000
- Income-Based Land
- $8,585,000
- Food Service
- $9,125,000
Location Insight
- Map
- Local Demand
- City
- Davenport
- County
- Polk
- State
- Florida
- Longitude
- -81.6418
- Latitude
- 28.1787
- CBSA code
- 29460
- CBSA name
- LAKELAND, FL METROPOLITAN STATISTICAL AREA
