property for sale - loopnet · property for sale 3,615 +/- sf restaurant building 202 magnolia...

SRD

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ercial.com | 877.518.5263

PROPERTY FOR SALE3,615 +/- SF Restaurant Building202 Magnolia Avenue, Auburndale, Florida $599,000

http://srdcommercial.com

SRDcommercial.com | 877.518.5263 page | 2

TABLE OF CONTENTS

Agent Information 3-4Executive Summary 5Analysis 6Regional Location Map 7Location Map 8Demographics Map 9Demographics 10Market Area 11Trade Area 12Neighborhood Aerial 13Site Aerial 14Building Information 15Photos 16Zoning 17Confidentiality & Disclaimer 18


AGENT INFORMATION

Contact Information:[email protected]

863.333.5630


AGENT INFORMATION

Disciplines:

• Multi-family Properties

• Mobile Home Parks (MHP)

• Small- to Mid-sized Offices

• Industrial Properties with an REO Asset Liquidation Concentration.

Greg Smith is the multi-family specialist at Coldwell Banker Commercial Saunders Ralston Realty, LLC (CBCSRD), whose primary emphasis is on mobile home parks and campgrounds. In addition, he specializes in small- to mid-sized office and industrial properties with an REO asset liquidation concentration.

Born in Savannah, GA and raised in Ocala, FL, Greg studied business administration at The College of Central Florida. After a successful 20-year automotive career in sales and finance, he retired from his sales manager position at Jarrett Ford Automotive Group and pursued new interests in real estate. In 2007, Greg obtained his commercial real estate license.

He is currently a member of the Lakeland Association of Realtors® (LAR), Florida Realtors®, and the National Association of Realtors® (NAR).

Greg currently serves for his third year as the Chairman of the Commercial and Industrial Division (CID) of LAR and served on the association’s board of directors, as well as being the past board of director of the Lakeland Christina Rotary Club.

Greg resides in Lakeland, FL with his wife and son. Family interests include scuba diving, instructing Tae-Kwon-Do, and a love of hunting, fishing, and traveling.

Greg SmithSales Associate


863.774.3542

mailto:bburke%40srdcommercial.com?subject=MLK%20JR%20Ave%20Commercial


AGENT INFORMATION


AGENT INFORMATION

Disciplines:

• Industrial Properties

• Building Analysis

• Space Planning

• Development Feasibility

Awards:

• 2011 - CBC EBT Rookie of the Year

• 2016 – Realtor of the Year


863.877.2838

Kyle VreelandSales Associate

Kyle is the industrial and office real estate specialist at Coldwell Banker Commercial Saunders Ralston Dantzler Realty.

He is a recognized subject matter expert on industrial/office properties in Polk County. He also leads the company’s consulting practice in the areas of building analysis and space planning, as well as development feasibility including architecture and construction.

From 2003 to early 2010 Kyle was a partner of Smithland Development and Chiefland Properties in Lakeland. As the managing partner, he led the acquisition and development programs, including design and permitting. Kyle was also responsible for supervision of construction, leasing and property management.

He has over twenty years of experience in design and construction in Polk County, including tenure with Furr&Wegman Architects, Rodda Construction, and Straughn Trout Architects.

Kyle is an honors graduate of the Florida A&M School of Architecture, and has participated in master’s post-graduate studies at the University of South Florida.

Positions:

• President Elect and Treasurer of the Lakeland Association of Realtors (2015-2017)

• Member of the Lakeland Rotary Club

• Former member of Historic Preservation Board of Lakeland

• Active member of All Saints’ Episcopal Church

• Member of the Asian Real Estate Association of America (AREAA)

• Polk Theatre Trustee and Chairman of the Board



Site Address: 202 Magnolia Ave.Auburndale, FL 33823

County: Polk

PIN (Property Identification Number): 252811336500014080

Land Size: 0.63 +/- acres

Building Size: 3,615 +/- SF

Year Built: 1977

Property Use: Restaurant,Retail, or Office

Utilities: Water & Sewer (City of Auburndale)

Zoning: CG (City of Auburndale)

Taxes: $6,655 (2016)

Traffic Count: 34,500 cars/day on Magnolia Ave (US 92)

Price: $599,000

EXECUTIVE SUMMARY



Location

• Subject property is located on Magnolia Ave (US 92) in Auburndale

• Close proximity to Winn-Dixie, Wawa, Publix, Save-a-lot, and more

Site/Building

• Total site area is 0.63 +/- acres and includes a 3,615 sq +/- building

• Subject property has 142 ft +/- of frontage on Magnolia Ave (US 92)

• Full access via median-cut

• 44 lined parking spaces

Political/Legal

• Commercial Highway usage on Magnolia Ave (US Hwy 92) allows uses

such as: motel and hotels, restuarants including drive-ins, retail

shops, commercial recreation facilities.

ANALYSIS



Located in Auburndale, FL on U.S. 92 W

REGIONAL LOCATION MAP

Orlando

Lakeland

Tampa

Subject



LOCATION MAP

Subject property located on U.S. 92 W, east of CR 570 & west of Havendale Blvd.

LOCATION MAP

Winter Haven

Lakeland

Auburndale

Subject



1, 2, 3 mile radius5 & 10 minute drive

DEMOGRAPHICS MAP



DEMOGRAPHICSBenchmark Demographics 1 mile 2 miles 3 miles 5 minutes 10 minutes Polk FL US

Population 5,420 16,183 34,766 14,487 60,977 662,431 20,619,313 327,514,334

Households 1,980 5,960 13,265 5,478 23,426 247,585 8,064,657 123,158,887

Families 1,320 3,965 8,998 3,560 15,690 172,355 5,223,357 81,106,685

Average Household Size 2.67 2.69 2.61 2.62 2.59 2.62 2.50 2.59

Owner Occupied Housing Units 993 3,340 8,268 2,994 14,606 163,764 5,071,790 77,207,043

Renter Occupied Housing Units 987 2,620 4,997 2,485 8,820 83,821 2,992,867 45,951,844

Median Age 36.2 37.9 40.4 37.8 41.8 41.3 42.2 38.2

Trends: 2015 - 2020 Annual RatePopulation 0.57% 0.68% 0.67% 0.52% 0.86% 1.28% 1.36% 0.83%

Households 0.47% 0.58% 0.56% 0.42% 0.76% 1.19% 1.30% 0.79%

Families 0.38% 0.52% 0.51% 0.33% 0.68% 1.13% 1.25% 0.71%

Owner HHs 0.28% 0.43% 0.35% 0.22% 0.56% 1.09% 1.19% 0.72%

Median Household Income 1.36% 1.75% 2.43% 1.45% 2.09% 2.46% 2.13% 2.12%

Households by Income<$15,000 18.50% 16.60% 13.70% 17.80% 14.80% 12.30% 12.00% 11.50%

$15,000 - $24,999 17.50% 16.80% 14.40% 17.10% 14.80% 12.90% 11.70% 10.00%

$25,000 - $34,999 13.20% 15.50% 13.90% 15.70% 13.60% 12.20% 11.10% 9.70%

$35,000 - $49,999 15.90% 15.50% 16.00% 15.90% 16.10% 16.20% 14.60% 13.10%

$50,000 - $74,999 20.50% 18.70% 19.40% 18.80% 18.70% 19.80% 18.70% 17.80%

$75,000 - $99,999 6.70% 8.90% 10.70% 7.40% 10.90% 12.10% 11.70% 12.40%

$100,000 - $149,999 6.00% 6.60% 8.20% 5.50% 7.50% 9.20% 11.50% 13.90%

$150,000 - $199,999 1.10% 0.80% 1.90% 0.80% 1.90% 2.70% 4.30% 5.70%

$200,000+ 0.60% 0.70% 1.70% 0.90% 1.70% 2.50% 4.60% 6.10%

Median Household Income $35,503 $35,791 $41,205 $34,472 $40,191 $45,704 $50,606 $56,124

Average Household Income $46,020 $47,494 $55,753 $46,151 $54,730 $61,763 $72,632 $80,675

Per Capita Income $17,615 $18,012 $21,237 $17,649 $21,261 $23,623 $28,921 $30,820

Population by Age0 - 4 6.90% 6.70% 6.10% 6.70% 6.00% 6.00% 5.30% 6.10%

5 - 9 6.60% 6.50% 6.10% 6.50% 6.00% 6.10% 5.50% 6.30%

10 - 14 6.40% 6.50% 6.20% 6.40% 6.10% 6.10% 5.60% 6.30%

15 - 19 6.10% 6.10% 5.90% 6.00% 5.80% 5.90% 5.70% 6.40%

20 - 24 7.50% 6.80% 6.40% 6.80% 6.10% 6.00% 6.40% 7.00%

25 - 34 15.00% 14.10% 13.10% 14.20% 12.60% 12.60% 13.10% 13.80%

35 - 44 11.50% 11.60% 11.30% 11.30% 10.80% 11.40% 11.80% 12.50%

45 - 54 11.90% 12.60% 12.70% 12.30% 12.10% 12.00% 13.00% 13.00%

55 - 64 12.40% 13.00% 13.80% 13.10% 13.80% 13.10% 13.50% 12.90%

65 - 74 8.70% 9.40% 10.40% 9.40% 11.70% 12.00% 11.30% 9.20%

75 - 84 4.50% 4.80% 5.50% 5.00% 6.20% 6.40% 6.20% 4.40%

85+ 2.50% 2.00% 2.40% 2.20% 2.70% 2.40% 2.70% 2.00%

DEMOGRAPHICS



MARKET AREAMARKET AREA

5 miles

18,900cars/day

Subject

10,800cars/day

8,000cars/day

13,000cars/day

9,600cars/day

8,300cars/day

6,600cars/day

13,100cars/day

24,500cars/day

2,100cars/day

34,000cars/day

24,000cars/day

28,000cars/day

6.5 miles

Winter HavenAirport

Lake Cannon

Lake Howard

Lake Jessie

Lake Hartridge

Lake Mariana

Lake Ariana

Lake LenaDowntown Auburndale

34,500cars/day



TRADE AREA

34,500cars/day

Subject

1.3 miles

2.2 miles

Coca-Cola Distribution

Center

Glasrite

Coca-Cola Distribution

Center

13,100cars/day

10,600cars/day

24,500cars/day

Lake Blue

34,500cars/day



NEIGHBORHOOD AERIAL

Subject

Bennett Street

Walnut Street

Oak Street

Lemon Street

34,500cars/day

Auburndale Community

Center

Doctor’s Today/Walk-in

Clinic

Xfinity Wireless Communica-

tions



SITE AERIAL

Magnolia Avenue

Full Access via Median Cut

Right In/Right Out

Access Point

Walnut Street

Oak Street

34,500cars/day

44 total parking spaces



BUILDING INFORMATION

Building CharacteristicsTotal Under Roof: 3,615 sqftLiving Area(as originally constructed): 3,615 sqftActual Year Built: 1977Effective Year: 1990Wall Structure: CONCRETE (M & S CRNT MULTIPLIER)



PHOTOSPHOTOS

Signage on Magnolia Ave (US 92) Large Parking Lot with 44 spaces

Frontage on Magnolia Ave (US 92) Rear Entrance to Buliding



Subject

Commercial Highway (12 CH)This district is intended for application along major through traffic arteries, with uses permitted including those appropriate to serving through traffic and to locations adjacent to such major arteries. Regulations are intended to guide future development so as to discourage formation of future slums, reduce marginal traffic friction, and to minimize conflicts with adjoining residential neighborhoods.

ZONING



©2017 Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates. All Rights Reserved. Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates fully supports the principles of the Equal Opportunity Act. Each Office is Independently Owned and Operated. Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks owned by Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates. ©2017 Coldwell Banker Commercial Saunders Ralston Dantzler Realty, LLC, All rights Reserved, makes every attempt to provide accurate information on this property, however, does not guarantee the accuracy. Buyer should rely entirely on their own research, inspection of property, and records.

About Coldwell Banker Commercial Saunders Ralston Dantzler Realty

Coldwell Banker Commercial Saunders Ralston Dantzler Realty (CBCSRD) is located in Lakeland, Florida and is Florida’s I-4 corridor’s premier commercial real estate firm. We offer unique positioning of properties utilizing our intimate knowledge of local markets, a recognized national brand, and a global reach through our Coldwell Banker Commercial offices worldwide who have achieved a $5 billion total amount in investment sales and leasing transactions 2016.

Founded by three highly-recognized CCIM-designated Florida brokers, the company brings together experts on all aspects of real estate. We provide services to land and commercial clients through both CBCSRD and our land brokerage, Coldwell Banker Commercial Saunders Real Estate. For more information, please visit SRDcommercial.com

CONFIDENTIALITY & DISCLAIMER




property for sale - loopnet · property for sale 3,615 +/- sf restaurant building 202 magnolia...

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