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SOLD: Downtown Auburndale Multi-family Acreage

$990,000

Auburndale, Florida

5 Acres

PROPERTY DETAILS

Property Type: Commercial Development, Multi-Family, Waterfront

Location: 109 Stadium Road, Auburndale, Florida 33823

County: Polk


Totaling just over 5 acres in Downtown Auburndale, this site overlooks Lake Stella, and is just minutes away from downtown amenities. The property currently consists of 13 apartment units and 1 single family home on 5.35 +/- acres. The existing buildings could remain for cash-flow purposes, or the site can be re-developed for multi-family apartments or senior care. The zoning for this property (RIO) will allow a developer to build up to 14 units per acre, and other commercial uses are permitted.

Description: Apartment Complex: 10,352 +/- SF (13 Units)
Single Family Home: 2,028 +/- SF Heated

Gary Ralston

Managing Director & Senior Advisor

863.877.2828

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Augie Schmidt

Director of Research & Associate Advisor

863.774.7133

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David Hungerford

Senior Advisor

863.272.7156

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