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Shopping Neighborhood

Auburndale Center

198 Melton Ave, Auburndale, FL 33823

Listing Price: $1,300,000

Cap Rate
7.03%
Gross SF
9,142
Rentable SF
9,142
Price/Gross SF
$142.20
Lot Size
0.87 acres
Year Built
1972

Investment Overview

Marcus and Millichap is pleased to present this exceptional retail property located at 198 Melton Avenue, Auburndale, FL 33823.  Boasting a net leasable area of 9,142, this prime retail property is located minutes away from one of the fastest-growing cities in the U.S. Its strategic location adds to its appeal as the property sees over 27,750 vehicles per day, ensuring visibility and accessibility. 

Auburndale is in the Lakeland MSA, Which is ranked #7 in the U.S. News and World Report's "Best Places to Move in the US," is strategically nestled between Tampa and Orlando – each just an approximate one-hour drive away. Auburndale benefits from Lakeland's recent growth next door noting new developments and increased traffic in the area. Plus, with notable national retailers like Publix, Winn-Dixie, CVS, Planet Fitness, KFC, Walmart, Dunkin', and more, the property's investment appeal is even stronger.

Investment Highlights

  • Overview: Priced below replacement cost and featuring recent updates, this property caters to both owner-users and investors.
  • Prime Location: High Visibility, situated just outside one of the fastest-growing cities in the U.S.
  • VPD: Located near a major retail corridor seeing over 27,500+ vehicles per day.
  • Rank: Lakeland, Auburndale's close neighboring city, ranked #7 in the U.S. News and World Report's "Best Places to Move in the US".
  • Nearby: The area features prominent national retailers such as Publix, Winn-Dixie, CVS, Planet Fitness, KFC, Walmart, Dunkin', and more.
  • Coca-Cola Facility: The Coca-Cola factory in Auburndale is going to add 50 jobs at its facility, in addition to $51 million in capital investment. Recently, Coca-Cola Beverages Florida announced its move from Lakeland to Winter Haven (Auburndale's other close neighbor) creating even more jobs for the closely linked cities.

Exclusively Listed By

Shopping Neighborhood

Auburndale Center

Listing Price: $1,300,000

Cap Rate
7.03%
Gross SF
9,142
Rentable SF
9,142
Price/Gross SF
$142.20
Lot Size
0.87 acres
Year Built
1972

Investment Highlights

  • Overview: Priced below replacement cost and featuring recent updates, this property caters to both owner-users and investors.
  • Prime Location: High Visibility, situated just outside one of the fastest-growing cities in the U.S.
  • VPD: Located near a major retail corridor seeing over 27,500+ vehicles per day.
  • Rank: Lakeland, Auburndale's close neighboring city, ranked #7 in the U.S. News and World Report's "Best Places to Move in the US".
  • Nearby: The area features prominent national retailers such as Publix, Winn-Dixie, CVS, Planet Fitness, KFC, Walmart, Dunkin', and more.
  • Coca-Cola Facility: The Coca-Cola factory in Auburndale is going to add 50 jobs at its facility, in addition to $51 million in capital investment. Recently, Coca-Cola Beverages Florida announced its move from Lakeland to Winter Haven (Auburndale's other close neighbor) creating even more jobs for the closely linked cities.

Investment Overview

Marcus and Millichap is pleased to present this exceptional retail property located at 198 Melton Avenue, Auburndale, FL 33823.  Boasting a net leasable area of 9,142, this prime retail property is located minutes away from one of the fastest-growing cities in the U.S. Its strategic location adds to its appeal as the property sees over 27,750 vehicles per day, ensuring visibility and accessibility.  Auburndale is in the Lakeland MSA, Which is ranked #7 in the U.S. News and World Report's "Best Places to Move in the US," is strategically nestled between Tampa and Orlando – each just an approximate one-hour drive away. Auburndale benefits from Lakeland's recent growth next door noting new developments and increased traffic in the area. Plus, with notable national retailers like Publix, Winn-Dixie, CVS, Planet Fitness, KFC, Walmart, Dunkin', and more, the property's investment appeal is even stronger.

Exclusively Listed By

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