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Interstate 4 & Polk County Highway - Lakeland Development Site - DRI Property, Auburndale, FL
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Interstate 4 & Polk County Highway - Lakeland Development Site - DRI Property
Auburndale, FL 33823 - Polk County Submarket
For Sale Price:
Retail, Office, Hospitality, R&D, Single Family Development, Spclty/Festvl/Entertnmnt
This offering outlines the opportunity to acquire fee simple interest in the Property, a 4,470+/- acre site in Lakeland, Florida, USA. Located along Interstate 4 and ideally situated between Tampa and Orlando, the Property allows for the development of a mix of uses, including residential, retail, hospitality and industrial.
The Property includes tracts that have been approved for a Development of Regional Impact (DRI) encompassing residential, retail, hospitality, office, research, educational and recreational uses.
The Property benefits from the tremendous growth of Florida, especially the growth of central Florida. The State of Florida continues to experience a population boom and has bounced back to pre-recession growth rates. This growth has developed the need for a significant residential and industrial development pipeline in central Florida. The Property’s location along Interstate 4 represents a unique opportunity to capitalize on this growth.
Tourism, retirees and agriculture might have put Florida on the map, but the state is also becoming a mecca for high-tech industry. Nowhere is the transformation more evident than along what’s known as the Florida High-Tech Corridor, from medical device manufacturers in Clearwater to simulation companies in Orlando to avionics suppliers on the Space Coast, the region's diverse industry clusters encompass close to 20,000 businesses and more than a quarter of a million employees with an average salary of more than $77,000. The I-4 Corridor provides access to more than 12 million people within a 5-hour drive time (60% of the population of Florida), the sixth most dense population area in the United States.
Entitlements In Place- Development of Regional Impact (DRI)
The Owner received DRI approval in 2007 (amended and approved in 2015) to adopt a Development Order for 2,408 acres contained within the City of Lakeland. Current entitlements contemplate a mix of product types including residential, retail, industrial and office.
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FOR SALE CONTACTS
Scott M Cullen
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William L McGee
John C Dunphy
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