Active

$3,750,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • sq ft
Overview
  • ID: MFRO6127601
  • Bedrooms:
  • Bathrooms: 0
  • Size: sq ft
Property Details
Remarks
MULTIFAMILY DEVELOPMENT OPPORTUNITY! Apartment site in growing Auburndale along Berkley Road at the Pace Road intersection. 17.62 acres on three parcels. Currently zoned within Unincorporated Polk County. Approval has been given by the City of Auburndale to annex into the City. A new multi family PD-H2 zoning classification will likely be utilized, which would allow 15 units per acre. Estimated units between 225-275. 50' height allowed for a 3 story complex. A master lift station development is underway to the south of properties, which will service this site. Sewer construction should be compete in 12-18 months. The location is a few miles north of US 92, an east west thoroughfare that travels the entire state. Auburndale, FL is well positioned in the state, on the important I-4 corridor between Tampa and Orlando, and locally between Lakeland and Winter Haven FL. It has a population of 18,000. Berkley Charter school resides across the street from this site and Florida Poly Tech (University) is also nearby. The location is within minutes from the US 92 corridor - close to big box retailers, grocery, retail and restaurant. The Polk Parkway is very close by - this roadway is an efficient toll highway, linking Polk County, between Exits 25 and 41 on Interstate 4. There are existing occupied homes on each of the parcels at present. Other address include 1913 County Road 655, Auburndale FL 33823 & 100 My Drive Way, Auburndale FL 33823
Financial Considerations
Price:
$3,750,000
HOA Fee:
N/A
Tax Amount:
$5618
Price per SqFt:
$6.2
Tax Legal Description:
N 822.13 FT OF SE1/4 OF NE1/4 LYING BETWEEN SAL RR R/W & SR 655 LESS THAT PART BEING R/W PCL 226 FOR BERKLEY RD AS DESC IN OR 7713 PG 0928
Exterior Features
Lot Size:
604761
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
N/A
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
N/A
Cooling:
N/A
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
N/A
Additional Features
Property Sub Type:
N/A
Style:
N/A
Year Built:
N/A
Construction Type:
N/A
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
East
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    5161 BERKLEY RD
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