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PREMIER AIRPORT-ADJACENT DEVELOPMENT OPPORTUNITY: 6. 22 ACRES IN LAKELAND'S FASTEST-GROWING INDUSTRIAL CORRIDOR
Strategic Location | Exceptional Visibility | Unparalleled Growth Potential
PROPERTY OVERVIEW
Presenting a rare assemblage of three contiguous parcels totaling 6. 22 acres on Waring Road in Lakeland, Florida—positioned in the heart of the nation's fastest-growing metropolitan area and mere minutes from Lakeland Linder International Airport, the region's economic powerhouse generating $1. 5 billion in annual economic impact. This exceptional opportunity combines prime industrial zoning, existing income-producing infrastructure, and extraordinary development potential in one of Central Florida's most dynamic commercial corridors.
Property Components:
4002 Waring Road: 2. 31 acres with 1, 898 sf residence (1968)
4040 Waring Road: 2. 31 acres featuring professionally remodeled 3, 079 ssf office building (1978, remodeled 2004) with current lease generating immediate income
4102 Waring Road: 1. 60 acres with 2, 160 sf residence (1975)
Total Assemblage: 6. 22 acres | Zoning: Commercial/Industrial (BPC-1) | Combined Assessed Value: $940, 184
THE LAKELAND ADVANTAGE: EXPLOSIVE GROWTH IN AMERICA'S #1 BOOM TOWN
Population & Economic Surge
Lakeland-Winter Haven isn't just growing—it's exploding. The U. S. Census Bureau crowned this metro area as America's fastest-growing from 2020-2023 with an unprecedented 12. 1% growth rate, outpacing every major metropolitan area in the nation. With over 5 million people living within 50 miles and a projected 9. 5% continued growth rate, the economic fundamentals driving property values here are extraordinary.
THE I-4 CORRIDOR: FLORIDA'S PREMIER LOGISTICS SUPERHIGHWAY
Your property's location along the I-4 Industrial Corridor connecting Tampa Bay to Orlando provides unmatched strategic advantage for logistics, distribution, manufacturing, and corporate operations.
Market-Leading Industrial Performance (2025):
Vacancy Rate: 6. 7% (vs. 10% national average)
Year-to-Date Absorption: 3+ million square feet
Average Asking Rent: $8. 19/sqft (up 9. 3% year-over-year)
Under Construction: 814, 037 square feet of new industrial space
Land Values: Averaging $151, 397 per acre for commercial properties
Major Corporate Presence:
Publix Super Markets: Florida's grocery giant is investing $121 million in a cutting-edge 190, 000 sqft technology campus in downtown Lakeland, creating 200 high-tech jobs. This hometown corporate headquarters expansion validates Lakeland's ascent as a business capital.
Amazon Air: The e-commerce behemoth operates a $100 million cargo facility at Lakeland International, processing shipments for the entire I-4 corridor and creating a robust ecosystem of supporting businesses.
Lakeland Central Park: The $750 million, 740-acre industrial mega-project broke ground on Phase II in December 2025, ultimately delivering up to 5 million square feet of Class A industrial space. This represents one of Central Florida's largest commercial developments ever undertaken.
ZONING & DEVELOPMENT FLEXIBILITY: BPC-1 COMMERCIAL/INDUSTRIAL
The property's BPC-1 (Business Park Commercial) PUD4177 zoning provides exceptional flexibility for diverse uses, including:
Water & Sewer are located at the Southeast Corner of the property.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$2,200,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,760,000 | $1,760,000 | $1,760,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 5.750% | 5.500% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.046% | 5.846% | 5.700% |
| Monthly Tax Payment | $594 | $594 | $594 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $9,719 | $10,271 | $14,381 |
| Total Monthly Payment | $10,438 | $10,990 | $15,100 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.