5.89 Acres Lot
5.89 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID P4935183
HOA Y/N No
Annual Tax Amount $1,290
Lot Size 5.890 Acres
Acres 5.89
Lot Dimensions Irregular
Property Sub-Type Multi-Family
Source Stellar MLS
Property Description
Presenting an exceptional investment opportunity just off US Highway 92 in Auburndale, Florida. This 5.89-acre parcel (256,568 SF), zoned RG-1, allows 15 units per acre, and is situated in a high-growth corridor that offers both strong income potential and long-term appreciation.
Strategically positioned near major transportation arteries—including US HWY 92, Recker Highway, Polk Parkway (Toll 570), and I-4—this site ensures excellent connectivity and high visibility, with a daily traffic count of approximately 36,000 vehicles. Its proximity to shopping centers, schools, and other essential amenities further increases its appeal to prospective tenants and developers alike.
This expansive property presents versatile development potential, making it an ideal candidate for multifamily residential projects, hotel developments, or acquisition by REITs and private equity firms. As part of the flourishing Auburndale market, the land benefits from a strong upward trajectory in property values and demand, reinforcing its position as a stable and promising asset within Central Florida's booming real estate landscape.
Location
State FL
County Polk
Area 33823 - Auburndale
Zoning RG-1
Exterior
Utilities Available Electrical Nearby, Electricity Available, Sewer Available, Sewer Nearby, Water Available, Water Nearby
View Trees/Woods
Building
Lot Description City Limits, Level
Lot Size Range 5 to less than 10
Sewer None
Water Public
Others
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/P4935183
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