Lake Havasu City CRE Investment Opportunities
It’s easy to see why savvy CRE investors identify Lake Havasu City as a promising market. There is the obvious draw of tourism, but it is also an area with a growing population and business community. That means there is a lot of potential for Lake Havasu City CRE investment. Let’s explore some Lake Havasu City CRE sectors and why they offer promising investment opportunities.
Attractive Lake Havasu City CRE Investments
Hotels and Resorts
The scenic beauty of Lake Havasu drives a strong tourism industry in the area. People come from around the world to enjoy the lake and the many attractions and events in Lake Havasu City. All those visitors need somewhere to stay in the city, making hotels and resorts prime investment opportunities in Lake Havasu City. There are opportunities to build new hotels or resorts, as well as opportunities to buy and renovate existing properties.
Restaurants, Bars, and Nightlife
As a tourism draw, Lake Havasu City has a strong demand for restaurants, bars, and nightlife options. The growing local population also wants places to dine out or enjoy nightlife. With a diverse tourism base, there are many opportunities to invest in everything from fine to casual dining. Nightclubs and bars can also do particularly well during peak season or around popular local events. Locations near the waterfront and other attractions increase the potential for high foot traffic and profitability.
Storage Facilities Opportunities in Lake Havasu City CRE
Lake Havasu City storage investing offers promising opportunities. Part of this is because many of the homeowners are only part-time residents. They often need places to store items when they are away from town. It can range from standard self-storage to specialized storage for boats, RVs, and other recreational equipment. Additionally, the city’s growing business community needs secure storage. Combine the increasing demand with low overhead costs, and you can see why storage facilities are so attractive.
Multi-family Properties
The area around Lake Havasu is experiencing considerable population growth. Lake Havasu City consistently sees population growth higher than the national average, making multi-family investments a good opportunity. Investors can also find potential in catering to markets like retirees and young professionals moving to Lake Havasu City. There may also be opportunities for housing seasonal workers.
Office Properties
As the population grows, so does the need for office space. Various professional services like doctors, lawyers, and accountants will need offices. Remote workers also choose Lake Havasu as an attractive place to live and work. Investors can leverage this opportunity by offering modern, flexible office environments that cater to small businesses, startups, and remote workers.
Retail Locations
Lake Havasu’s growing population and robust tourism industry also create demand for retail real estate. Investors can benefit from this dual market or develop properties that cater to residents or tourists. Opportunities range from large shopping centers to individual retail locations. The city also has areas with emerging commercial markets and properties near popular attractions. Both can deliver high foot traffic, making them attractive to retail tenants.
Are you looking for Lake Havasu City CRE opportunities? Click here to contact Randy Shuffler. Randy is a CCIM with deep knowledge of the local market. Reach out to learn how we can help you achieve your CRE investing goals in Lake Havasu City.
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