UNDER CONTRACT! 155± AC Development Tract On SR 37, Lakeland, FL

6 PM, Thursday, September 5

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Property Location:

0 Church Ave (SR 37) Mulberry, FL 33860

Auction Location:

Rocking H Ranch, 2200 Ewell Rd, Lakeland, FL 33811

Auction Schedule:

6:00 P.M. Thursday, September 5

Preview:

11:00 A.M. – 4:00 P.M. Thursday, August 29

Real Estate Terms:

10% Due Day Of Sale

Balance Due At Closing On Or Before 45 Days

10% Buyers Premium

*Pre-auction offers are considered. Subject to pre-auction sale, change or withdrawal without notice.

Online/App Bidding:

$10,000 Credit Card Authorization to Bid.

Earnest Money Deposit Of 10% Of The Total Purchase Price Due Within 48 Hours Of Auction

11% Buyer Premium

Details:

Development Tract 6 pm, Thursday, Sept. 5, 2019
155± acre Development Tract with almost 1 mile of frontage on SR 37!  Located across from Wal-Mart Supercenter in a high growth corridor of South Lakeland and Mulberry!
PROPERTY SPECIFICS
• The property consists of 155.86± gross acres of land (124.19± usable)
• 31.71± acres are designated wetlands by SWFWMD
• 4,887±’ frontage on SR 37 (N. Church Ave/S. Florida Ave)
• There are four median cuts into the site as well as an active CSX railroad
along the western property boundary.
• Access road into the South end of the property from SR 37 (N. Church
Ave.)
• Currently zoned Commercial Highway but the property is Mixed Use
District in the Community Redevelopment Area Plan, March 2015.
• This property was formerly the Reservation Golf Course, an 18-hole
course. There is no value in the current structures.
• The property has received a SWFWMD master retention system permit for
“Riverwalk Town Center” which is for development of up to 900,000± SF
of mixed-use office & retail with outparcels, based on the conceptual site
plan enclosed. This permit is valid until Nov. 16, 2020.
• The soils engineer has determined through conducting extensive soil
borings that the majority of the south 30± acres is in buildable and
near/buildable shape. (See the attached soils map.)
• At the north end, the green-colored 7.5± acres in the very northeast area
of the property, next to the traffic light and directly across SR 37 from
Walmart, can be improved to buildable condition. (See the attached soils
map.)
• FDOT has approved four new entrances along the entire mile of frontage.
The first new entrance will be about 600 feet south of the traffic signal and
will serve as the entrance to the corner 7.5 acres until such time as access
might be acquired to the traffic signal from the adjoining animal hospital
property.
• There is a deep well on the property as well as a 30±’ shallow well.
• Great location on SR 37, only 2.5 miles from Hwy 60 and 5 miles from the
Polk Parkway with direct access to I-4!
Immediate Area Recent Construction
• A 259-unit luxury apartment complex (Village on the Avenue) is located on
12± acres of land on the east side of S. Fla Ave, just north of Shepherd
Rd.
• Bridgeport Lakes is a 408± acre residential development just South of the
auction property. Over ½ of the lots in Phase 1 have been sold. Upon
completion it will host over 700 homes! It was awarded 1st Place
Community of the Year by PCBA Parade of Homes!
http://bridgeportlakes.com/
• RaceTrac is located at the corner of S. Fla Ave & Christina Blvd.
• Wawa is scheduled to open Dec. 2019
• The property is adjacent to Walmart Supercenter, AutoZone, Zaxby’s,
Taco Bell, Long John Silvers, Verizon, Game Stop, Tuffy Tire & Auto,
O’Reilly’s Auto Parts, Storage Authority, Veterinary Office, Imperial Lakes
Subdivision, Paradise Lakes Subdivision and Loyce Harpe Park, (formerly
Carter Road Park) which has soccer and baseball fields, extensive bike
trails, and a dog park. In addition, there are over 22 miles of trails within
the City of Lakeland’s Se7en Wetlands Park. The incredible lake system
provides an ideal ecosystem which in turn contributes to the best fishing in
the county.

Directions:

Property Information Package:

In order to view this property information packet, please fill out the form below for your instant download. We will contact you if there are any updates to this document.

HWY 37 155 Acres 9/5

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