AUBURNDALE, RETAIL PLAZA FOR SALE

Retail-Commercial for Sale
Catylist Listing ID: 30385172
Property Subtypes: Mixed Use, Street Retail, Other
Building Size (RSF): 12,900 SF
Gross Land Area: 1.20 Acres
Sale Price: $950,000
Unit Price: $73.64 PSF
Property Use Type: Investment
Building Name: BRIDGEVIEW PLAZA
Usable Size (USF): 12,900 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/14/2020

Overview / Comments

FULLY LEASED 12,900 SF retail plaza with glass storefront facade and covered canopy. The center was fully renovated in 2018 to include complete new roof system - new steel decking - stucco building exterior - new facade design with 3 prominent features of steel face and stucco columns - new soffit with new lighting under canopy - new paint building (interior and exterior) - new irrigation - new sod - new paving. Additional interior improvements to tenant's spaces.

Building has 6 units (4 retail and 2 warehouses). Tenants include Fastenal, Classic Flooring Designs, Twisted Artz and Turner Estate Auctions.

Prime visibility and access on Magnolia Avenue (US 92) - 2 entrances unto property (US 92) and Ariana Avenue.

The property is located just a few blocks from Main Street and Downtown Auburndale in a high commercial corridor.

Great investment - Financials provided upon NDA registration.

Additional Details

Nearest MSA: Lakeland-Winter Haven
County: Polk
Taxing Authority: Polk County
Tax ID/APN: 25-28-10-322000-000093 Polk County Florida
Zoning: LINEAR COMMERCIAL CORRIDOR
Retail Clientele: General, Business, Traveler, Tourist
Property Located Between: Lakeland and Orlando on US Highway 92 and Main Street (Downtown Auburndale)
Property Visibility: Excellent
Largest Nearby Street: US Highway 92
Feet of Frontage: 186
Highway Access: US Highway 92 - SR 570 (Polk Parkway), Interstate-4, SR 60.
Airports: Winter Haven Municipal - Lakeland Linder regional - Tampa and Orlando International Airports
Site Description: Prime visibility with dual entrances from US 92 (Magnolia Avenue) and Orange Street.
Area Description: Highway frontage retail - high commercial and some industrial with residential clusters beyond the frontage.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 12,900 SF
Property Condition: Excellent
Year Built: 1983
Year Renovated: 2018
Roof Type: Flat
Parking Type: Surface
Parking Description: Newly re-topped asphalt parking.
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable, DSL
Interior Description: Retail plaza with multiple suites with different tenants -
Zoning Description: Commercial - City of Auburndale
Lot Frontage: 186
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress
Land Ownership: owned
Legal Description: REPLAT PART ATLANTIC HGTS PB 33 PG 23 THAT PART OF LOTS 9 10 22 23 24 & 25 & CLOSED ORANGE AVE & ONCE PROPOSED U S 92 DESCRIBED AS BEG NE COR OF LOT 25 RUN S 39.55 FT TO POINT ON CURVE NELY ALONG CURVE 107.65 FT N 83 DEG 20 MIN 15 SEC E 78.40 FT S 11.51 FT TO POINT ON CURVE SWLY ALONG CURVE 312.37 FT N 84 DEG 29 MIN 56 SEC W 186.20 FT TO POINT ON CURVE NELY ALONG CURVE 65.68 FT N 150.86 FT N 83 DEG 20 MIN 15 SEC E 240.23 FT S 01 DEG 02 MIN 23 SEC W 24.13 FT TO POB

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,547 42,589 78,244
Median Age: 34.41 40.21 41.31
Households: 1,611 16,337 30,759

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