Commercial Land for Sale in Lake Havasu: What to Consider Before Buying

There is a lot to love about the Lake Havasu commercial real estate market. The area around the lake has a strong economy and many successful businesses. Commercial land for sale in Lake Havasu has tons of potential for investors, businesses, and developers. However, don’t just snatch up the first open property you find. Take your time and assess several factors to find the right property.

Read on to learn what you should consider when buying commercial land near Lake Havasu.

Finding the Right Commercial Land for Sale in Lake Havasu

Your Reason for Buying

Be clear about your reason for buying before starting your search. Whether as an investment, for business operations, or development, your use of the land will guide your decisions. For example, future appreciation might be the primary concern of an investor. A business owner might seek land for a retail location or a warehouse. Developers will consider whether the land is suitable for a planned project.

The Ideal Location

The location of commercial land is crucial to serving your purposes. Some industries, like logistics or manufacturing, prioritize easy access to highways. Retail businesses look for high-traffic areas or strategic locations near housing developments. Recreation businesses prioritize proximity to the lake. Consider your use for the land and how different locations add value or help you achieve your goals.

Size and Characteristics

Buyers must also consider the size and physical characteristics of the property they need. These factors can impact its suitability and development potential. The size and shape of the property will affect whether it has enough space or the project’s design. Topography, terrain, and soil conditions can complicate construction and increase development costs. Additionally, buyers should assess whether essential utilities, such as water, electricity, and sewage, are available on-site.

Zoning and Regulations

Zoning laws and regulations can influence buying decisions. Whether retail real estate, industrial, or anything else, you must ensure the land is zoned for your purpose. Building codes and restrictions, like height limits or setback requirements, could impact development plans. Lake Havasu also has various laws to protect the environment. You might need special permits or face strict building guidelines in some places.

Local Developments and Trends

Buyers should also monitor local developments and market trends. Projects like new highways or lane expansions can impact land value or accessibility. Another good example is Lake Havasu City’s plan to build a second bridge over the channel. Similarly, nearby residential or commercial developments can attract businesses and boost foot traffic, making a location more desirable. Staying informed about city plans and other developments helps buyers identify opportunities.

Are you interested in commercial land near Lake Havasu? Contact Randy Shuffler for expert advice. Randy is a CCIM with extensive experience in the Lake Havasu market. Reach out to learn how he can help you achieve your goals.

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