Lakeland, Florida, offers a diverse range of Commercial Real Estate For Sale, making it an attractive investment opportunity for those looking to capitalize on the city's growing economy. With a population of approximately 110,000, Lakeland provides a stable and growing market for commercial properties. Commercial Real Estate in Lakeland can represent a variety of investments, including retail spaces, office buildings, and restaurants, each offering a unique opportunity for investors. The city's amenities, infrastructure, location, education, and geography make it an ideal place to invest in Commercial Real Estate. For instance, Lakeland is home to Publix, a well-known supermarket chain, and is situated between Tampa and Orlando, providing easy access to major transportation routes. The city's numerous lakes, including Lake Parker, and its humid subtropical climate also make it an attractive location for businesses and residents alike. Additionally, Lakeland is a great place for business and travel, with attractions like the Polk Museum of Art and Joker Marchant Stadium, which hosts spring training for the Detroit Tigers.
Lakeland's Commercial Real Estate market offers a range of opportunities, with 114 listings available. The city's average price per square foot for Commercial Real Estate is $402 USD, with an average size of 33,553 square feet. The largest Commercial Real Estate property available is 317,955 square feet. Industrial Properties in Lakeland offer a unique opportunity for investors, with access to major transportation routes and a growing economy. Apartment Buildings in Lakeland are also in high demand, with a growing population and a need for housing. Office Properties in Lakeland provide a range of opportunities, from small startups to large corporations, and Hotels in Lakeland cater to the city's growing tourism industry. Overall, Lakeland's Commercial Real Estate market offers a diverse range of opportunities for investors, with its growing economy, amenities, and infrastructure making it an attractive location for businesses and residents alike.
What financing options are available for purchasing commercial real estate?
When it comes to financing options for purchasing commercial real estate in Lakeland, Florida, there are several alternatives to consider, including:
- Traditional bank financing, which typically requires a 20-30% down payment and offers competitive interest rates;
- Small Business Administration (SBA) loans, which provide more flexible terms and lower down payment requirements;
- Private money lending, which offers quicker approval and more lenient credit requirements, but often at higher interest rates.
How do cap rates factor into commercial real estate purchases?
When considering commercial real estate purchases in Lakeland, Florida, cap rates play a crucial role in determining the potential return on investment. With an average cap rate of 6.71%, investors can gauge the property's potential income generation and make informed decisions about their investment.
For those new to commercial real estate, understanding cap rates is essential. To learn more about what is a cap rate and how it impacts your investment, check out our in-depth article at what is a cap rate. With 114 available listings of commercial real estate in Lakeland, it's essential to have a solid grasp of cap rates to make the most of your investment.
What is considered a commercial property?
In Lakeland, Florida, a commercial property is typically considered any property that is used for business or commercial purposes, such as office buildings, retail stores, restaurants, warehouses, and industrial facilities. These properties can range in size from 33,553 square feet to 317,955 square feet, and are often priced around $402 USD per square foot, with an average cap rate of 6.71%, making them attractive investments for businesses and investors alike.
