Lake Alfred, FL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Lake Alfred, Florida Market population: 5K. Compare commercial properties across all major asset classes...

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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 Lake Alfred FL Properties: 1.0800%

📊 Average Income For Lake Alfred FL Commercial Property: $43,419

Investor Questions For Lake Alfred FL

Common questions from investors exploring commercial real estate in Lake Alfred FL.

What's the overall investment potential of Lake Alfred, FL, considering its demographics and economy? +

Lake Alfred's median household income of $43,419, combined with a poverty rate of 17.1% and a high health insurance coverage rate of 88.3%, suggests a relatively stable market with a working-class population. The top industries, including Retail Trade and Healthcare & Social Assistance, also indicate a diverse economy. Additionally, the city's ethnic diversity, with 63.9% White and 21.1% Hispanic populations, can contribute to a vibrant cultural scene and potentially attract a wide range of tenants.

How does the commute time and transportation infrastructure impact the quality of life for residents and potential renters in Lake Alfred? +

The average commute time of 29.4 minutes in Lake Alfred, with 83.5% of residents driving alone and 8.1% carpooling, indicates a relatively manageable commute. This, paired with a high health insurance coverage rate of 88.3% and a median age of 34.4, suggests that residents have a decent quality of life, which can positively impact rental demand and property values. The presence of various commute methods, including working from home, also adds to the city's appeal.

What role does the foreign-born population play in shaping the local real estate market and demand for housing in Lake Alfred? +

The foreign-born rate of 13.4% in Lake Alfred, combined with its top ethnicities, including White and Hispanic populations, contributes to a culturally diverse community. This diversity, along with a median household income of $43,419 and a poverty rate of 17.1%, can lead to a strong demand for housing, particularly in the rental market. The city's relatively high homeownership rate of 70.3% also suggests a stable and attractive market for real estate investors.

How do the top industries in Lake Alfred influence the local job market and, subsequently, the real estate investment landscape? +

The top industries in Lake Alfred, including Retail Trade, Accommodation & Food Services, and Healthcare & Social Assistance, indicate a diverse and relatively stable job market. With an employed population of 2,349 and a median household income of $43,419, these industries can provide a steady stream of potential renters and buyers, supporting the local real estate market. The presence of these industries, coupled with a poverty rate of 17.1% and a high health insurance coverage rate of 88.3%, suggests a market with a mix of blue-collar and service-oriented jobs, which can contribute to a stable rental market.

What are the implications of Lake Alfred's income inequality and poverty rate on the real estate investment market, particularly regarding tenant quality and property appreciation? +

Lake Alfred's GINI coefficient of 0.421 and poverty rate of 17.1% suggest a notable level of income inequality. However, when combined with a high health insurance coverage rate of 88.3% and a median household income of $43,419, these factors indicate a working-class market with some employment stability. The median property value of $143,400 and median property taxes of $1,408 also suggest a relatively affordable housing market, which can attract investors looking for potential long-term appreciation and rental yields. The city's ethnic diversity and top industries further contribute to a vibrant market with a mix of housing options and tenant demographics.

Lake Alfred FL Real Estate & City Facts

Key facts and real estate information about Lake Alfred FL.

What are some of the best neighborhoods to live in Lake Alfred? +

Some of the best neighborhoods to live in Lake Alfred include the central parts of the city and the southeast regions. Neighborhoods like Lake Swoope, Lake Echo, Lake George, and Lake Griffin are popular for their scenic views and small-town feel. According to reviews, the area is known for its lakes, fishing, and close proximity to Winter Haven's vibrant downtown.

What are some fun things to do in Lake Alfred? +

There are plenty of fun things to do in Lake Alfred, including visiting the Chain of Lakes Trail, a four-mile trail that runs along an abandoned railroad corridor, and exploring the city's many lakes, such as Lake Alfred and Lake Swoope. You can also visit the Florida Sports Hall of Fame, go to Legoland, or take a stroll through the city's downtown area. Additionally, the city has a variety of restaurants and shops to explore, such as the Cornerstone Grill Restaurant and Thrifty Chix.

What is the food scene like in Lake Alfred? +

The food scene in Lake Alfred is diverse and offers a range of options, from upscale dining to casual eateries. Some popular restaurants include the Lake Alfred Diner, Gary's Oyster Bar & Seafood House, Calogeroâ€™s Pizzeria, and Las Comadres Taqueria Y Mariscos. There are also plenty of great food trucks and delivery options available, such as Jason's Deli and Boise Bill's. Whether you're in the mood for seafood, Italian, or Mexican cuisine, Lake Alfred has something to offer.

What are the pros and cons of living in Lake Alfred? +

The pros of living in Lake Alfred include its small-town feel, scenic lakes, and close proximity to Winter Haven's vibrant downtown. The city also has a variety of outdoor recreational activities, such as fishing and hiking, and a range of restaurants and shops to explore. However, some cons of living in Lake Alfred include its limited job opportunities and higher poverty rate compared to other cities in the area. Additionally, the city's rural location may make it difficult to access certain amenities or services.

Is Lake Alfred a good place to live? +

Overall, Lake Alfred is a good place to live for those who value a small-town feel and outdoor recreational activities. The city's scenic lakes, proximity to Winter Haven, and range of restaurants and shops make it an attractive option for families and individuals looking for a relaxed pace of life. However, it's worth considering the city's limited job opportunities and higher poverty rate before making a decision. Ultimately, whether or not Lake Alfred is a good place to live depends on your individual priorities and preferences.

Lake Alfred, FL 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 Lake Alfred FL Properties: 1.0800%

📊 Average Income For Lake Alfred FL Commercial Property: $43,419

Investor Questions For Lake Alfred FL

Lake Alfred FL Real Estate & City Facts

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