Auburndale Multifamily Apartment Site 17.62

Incredible opportunity for development. Multifamily apartment site in growing Auburndale, FL, along Berkley Road at the Pace Road intersection. 17.62 acres on three parcels. Currently zoned within Unincorporated Polk City. Approval has been given by the City of Auburndale to annex into the City of Auburndale. A "PD-H2" zoning classification will likely be utilized, which would allow 15 units per acre.

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.

A master lift station development is underway to the south of the properties, which will service this site. Sewer construction should be compete in 12-18 months.

Berkley Charter school resides across the street from this subject 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, and this thoroughfare is an efficient toll highway, linking Polk County, between Exits 25 and 41 on Interstate 4.

• 17.62 Acres of Multi Family Apartment Land in Growing Auburndale along Berkley Road. Other zoning uses could be industrial or retail.
• Property annexation will create ability to sustain 15-18 units per acre. We expect to be able to build 225-275 units. 50 foot max height or 3 story structure.
• Annexation costs - $40, with a month long process for city commission agreement.
• FLU is Residential Medium, with recommended re-zone to PD-H2. With preliminary plat/site plan, re-zone process should only be 4 months.
• City has a recent sewer capacity report, which concludes that there should be no issues with this development.
• Master lift station currently being undertaken on a property just to the south, that will feed this development. More details available.
• Sewer line extension to be completed with next 12 months.
• AADT 10,400 on Berkley Road, 44,000 on US 92.
• Property tax total - $7,131.
• Addresses include - 5161 Berkley Road, 100 My Way Drive and 1913 County Road 655, Auburndale , FL 33823
• Survey available. Multifamily rendering also available.
• *** NOTE - ALL PARCELS HAVE OWNER OCCUPIED HOMES - PLEASE DO NOT ENTER THE PROPERTIES WITHOUT PRIOR APPROVAL.

For more information please visit: Saunders Real Estate