Land at 515 W MAGNOLIA ST, LAKELAND
Land at 515 W MAGNOLIA ST, LAKELAND, photo 2 of 3
Land at 515 W MAGNOLIA ST, LAKELAND, photo 3 of 3
3 photos

$65,000

515 W MAGNOLIA ST
LAKELAND, FL 33815
Listed by Stephen Morgan · LA ROSA REALTY PRESTIGE
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
N/A

About this home

Exceptional investment opportunity! Two adjacent lots for sale (PRICED FOR BOTH); see MLS# P4933411). Both parcels must be purchased together. Ideal for multi-family residential development. Located in the growing city of Lakeland, centrally positioned between Tampa and Orlando, with convenient access to I-4, major hospitals, shopping, and downtown. Zoned MF-22, this lot is well-suited for multi-family construction and offers strong rental income potential. Purchasing both parcels allows for a larger-scale development project. A great opportunity for builders and investors looking to capitalize on Lakeland’s continued growth and prime location. Buyers are advised to conduct their own thorough due diligence and any inspections they deem necessary to confirm that the property meets their expectations. All information provided is sourced from public records and is deemed reliable but not guaranteed.

Property details

MLS #
MFRP4933408
Property type
Land
Subdivision
BOWYERS SUB
Status
Active
Days on market
532
On market date
January 20, 2025
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.12 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

ElementaryCharter
MCKEEL ACADEMY CENTRAL
0.36 mi away · Grades -1-6
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
610
Student:teacher ratio
16.9:1
District
POLK
Middle
LAWTON CHILES MIDDLE ACADEMY
0.26 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
636
Student:teacher ratio
16.3:1
District
POLK
HighCharter
MCKEEL ACADEMY OF TECHNOLOGY
1.37 mi away · Grades 7-12
Nearest school -- attendance-zone data not available here
1.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,722
Student:teacher ratio
22.1:1
District
POLK

Walkability

Blended score for LAKELAND's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

91
Highly walkable
out of 100
EPA National Walkability Index
16.8 / 20 -- Most walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores6
Parks17
Schools17
Transit stops20
Pharmacies6

Market position

How this listing compares to current activity in LAKELAND, from live MLS data.

On the market 532 days -- 453 more days than LAKELAND's current average of 79 days.
For reference, the median list price across 1,677 active listings in LAKELAND right now is $309,900.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$541/mo
$13,000 down
$52,000 loan
Principal & interest$337
Property tax (est.)$54
Home insurance (est.)$150

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Data source: Listing information provided by Stellar MLS (mfrmls) via Trestle/CoreLogic. Last updated July 14, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.