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Absolute $1 Auction, 0.68 Acre Land

W Magnolia Street : Lakeland, FL 33815

Polk County, Florida

0.68 Acre
Land Auction
October 26, 2020 12:00 PM
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Land Description

0.68 Acres Adjacent to Dollar General and Shadowed by Family Dollar

Zoned C-2, Highway Commercial District

Dense demographics with 5-mile population of ±131,707 and annual household income of ±$61,140

Tremendous 15.01% growth from 2010-2020 and future double-digit growth anticipated (5-mile radius)

Federal Opportunity Zone

Absolute $1 Auction - NO Reserve

Offering Details

CBRE and RealINSIGHT Marketplace is pleased to present Dollar General Adjacent Land - Lakeland totaling ±0.68 AC of commercially zoned land located next to 649 N Wabash Ave. The Dollar General Adjacent Land - Lakeland offers investors tremendous investment opportunity through development and first bid meets reserve.

The Property is situated on Magnolia St West near the intersection with Wabash Ave North with traffic counts of 15,768 vehicles per day. Dollar General is located immediately adjacent and West of the Property on a corner, with the Property also shadowed by Family Dollar a couple parcels away. The Property benefits from highly favorable and flexible C-2 zoning, Highway Commercial District. The intent of the C-2 District is to provide for a broad range of office and retail uses primarily oriented toward the motoring public and development on relatively small individual lots with exposure to high traffic volumes.

Lakeland is a city in Polk County and strategically located between Orlando and Tampa, as well as in the center of the Florida peninsula. As of 2020, the Property's demographics have ±131,707 individuals residing within a 5-mile radius, with an average household income of ±$61,140. In the same year, the total specified consumer spending within a 5-mile radius of the Property accounts for ±$2,895,325,000.

This opportunity gives potential investors the ability to acquire a ±0.68 AC parcel development site at a significant discount in a high growth area, with huge value-add enhancement potential.

More Land Details

Commercial Zoning
AUCTIONFLIP ID
253998
Posted on AUCTIONFLIP
5 Days Ago
Last Updated
4 Days Ago
Views
12
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