Lakewood Park, FL High Cap Rate Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Lakewood Park, Florida Market population: 11K. Browse multifamily, office, retail, industrial, and mixed-use investment...

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Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127

$2,450,000

Miami Multifamily (Condo)

Discover a prime investment opportunity at 136 NW 26th St in Miami, Florida. This Class B multifamily condo property, bu...

Cap Rate %

NOI $0

Size 30,000 SF

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📊 Avg Property Tax Rate For Lakewood Park FL Properties: 1.9940%

📊 Average Income For Lakewood Park FL Commercial Property: $48,419

Investor Questions For Lakewood Park FL

Common questions from investors exploring commercial real estate in Lakewood Park FL.

What's the overall investment potential of Lakewood Park, FL? +

Lakewood Park, FL offers a stable investment market with a median household income of $48,419, a relatively low poverty rate of 12.1%, and a high health insurance coverage rate of 88.5%, indicating a reliable tenant base. The top industries, including Finance & Insurance and Real Estate & Rental & Leasing, also suggest a strong local economy. With a median property value of $93,400 and median property taxes of $4,300, the area presents a relatively affordable investment opportunity.

How does the local economy impact rental demand in Lakewood Park, FL? +

The diverse economy of Lakewood Park, FL, with top industries like Finance & Insurance, Real Estate & Rental & Leasing, and Public Administration, contributes to a stable rental demand. The employed population of 4,831 and a median household income of $48,419 also indicate a reliable tenant base. Additionally, the area's ethnic diversity, with a mix of White, White Non-Hispanic, and Black populations, suggests a vibrant community that can support a range of rental properties.

What's the quality of life like for residents in Lakewood Park, FL, and how does it affect investment? +

The quality of life in Lakewood Park, FL is characterized by a relatively short average commute time of 24.5 minutes, with most residents driving alone or carpooling. The high health insurance coverage rate of 88.5% and a poverty rate of 12.1% also suggest a stable and secure community. This, combined with a high homeownership rate of 82.5%, indicates a desirable area for both renters and homeowners, making it an attractive investment opportunity.

How does the demographic makeup of Lakewood Park, FL impact investment decisions? +

The demographic makeup of Lakewood Park, FL, with a median age of 51.2 and a foreign-born rate of 14.5%, suggests a diverse and potentially growing population. The top ethnicities, including White, White Non-Hispanic, and Black, also indicate a vibrant community. Considering the GINI coefficient of 0.482, which measures income inequality, investors can expect a relatively stable and mixed-income community, which can support a range of investment strategies.

What are the key factors to consider when evaluating the rental yield potential in Lakewood Park, FL? +

When evaluating rental yield potential in Lakewood Park, FL, consider the median property value of $93,400, median property taxes of $4,300, and the relatively high homeownership rate of 82.5%. The poverty rate of 12.1% and health insurance coverage rate of 88.5% also suggest a reliable tenant base. Additionally, the average commute time of 24.5 minutes and top commute methods, such as driving alone or carpooling, indicate a convenient and accessible location that can support a range of rental properties and investment strategies.

Lakewood Park FL Real Estate & City Facts

Key facts and real estate information about Lakewood Park FL.

What are some of the best neighborhoods to live in Lakewood Park? +

Some of the best neighborhoods to live in Lakewood Park include Greenbrook, Central Park, Harmony, Savanna, Sapphire Point, Mallory Park, Lorraine Lakes, Star Farms, and Windward. These neighborhoods offer a range of housing options and amenities, and are known for their family-friendly atmosphere and convenient location.

What are some fun things to do in Lakewood Park? +

There are plenty of fun things to do in Lakewood Park, including visiting the St Lucie County Aquarium, playing a round of golf at Safari Golf and Games, or exploring the beautiful beaches and parks in the area, such as Jetty Park and Ft Pierce Inlet State Park. You can also visit the McKee Botanical Garden, South Beach Park, or The National Navy UDT-SEAL Museum.

What is the food scene like in Lakewood Park? +

The food scene in Lakewood Park is diverse and offers a range of options, from seafood restaurants like Skippers Cove Bar & Grill, to Italian restaurants like Nino's Italian Restaurant, and casual eateries like Bearded Brothers Taphouse and Eatery. There are also plenty of great food trucks and local cafes to try.

What are the pros and cons of living in Lakewood Park? +

The pros of living in Lakewood Park include its beautiful beaches, parks, and outdoor recreational opportunities, as well as its convenient location and family-friendly atmosphere. However, some cons include the potential for traffic and crowds during peak season, and the need for a car to get around. Additionally, some areas of Lakewood Park may be prone to flooding or have limited public transportation options.

Is Lakewood Park a good place to live? +

Overall, Lakewood Park is a great place to live for those who value a relaxed, beach-oriented lifestyle and are looking for a family-friendly community with plenty of outdoor recreational opportunities. While it may have some drawbacks, the pros of living in Lakewood Park make it a popular choice for many people.

Lakewood Park, FL High Cap Rate Commercial Investment Properties for Sale

Don’t just search properties. See why investors choose REI Capital.

Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127

📊 Avg Property Tax Rate For Lakewood Park FL Properties: 1.9940%

📊 Average Income For Lakewood Park FL Commercial Property: $48,419

Investor Questions For Lakewood Park FL

Lakewood Park FL Real Estate & City Facts

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