Lake Havasu Retail Hotspots Where Investors Should Focus
With its strong tourism and growing local population, Lake Havasu presents considerable potential for commercial real estate investment. The city’s retail real estate can be particularly attractive. Lake Havasu retail hotspots offer diverse investment opportunities. Which areas have the most potential? This post explores existing and emerging retail areas investors should consider.
Exploring Lake Havasu Retail Hotspots
Lake Havasu’s Downtown District
You can’t discuss Lake Havasu retail without mentioning the Downtown District on McCulloch Boulevard. While it is creeping outward, most recognize downtown as from Acoma Boulevard to Smoketree Avenue at McCulloch Boulevard. It offers some of the city’s most attractive retail space. Downtown is the heart of Lake Havasu shopping, with walkable streets, boutique shops, cafes, and restaurants. Downtown attracts a steady mix of tourists, seasonal residents, and locals. It is an ideal location for retailers seeking consistent foot traffic throughout the year.
Expanding Residential Development
The Lake Havasu City population is growing significantly. As the population grows, new residential communities expand the city’s footprint. Investors may notice new communities as they head south and north, away from the tourism centers. You will also find some development as you travel east on McCulloch Boulevard. Residents of these new communities will want access to convenient shopping, dining, and other amenities. Investors could find opportunities to get ahead of the curve by establishing commercial centers to serve new developments.
London Bridge and Waterfront Areas
Investors can find significant potential around London Bridge and waterfront areas. These areas have robust tourism appeal and draw heavy foot traffic. People come to see the bridge, experience waterfront dining, and enjoy watersports. As a result, most of the retail is tourism-related. Souvenir shops, boutiques, and dining can find success. Around the lake is also a good place for recreational businesses. Successful business ventures could include swimwear, outdoor gear, rentals, and more. However, the keys to these areas are capitalizing on tourism and seasonal appeal.
Around Highway 95
Highway 95 is the primary route that brings people to the Lake Havasu area. It sees heavy vehicle traffic from both locals and visitors entering the city. As a result, the area around the highway offers excellent visibility and accessibility. It is already home to major shopping centers with national retailers, grocery stores, fast food, and casual dining. Beyond the existing shopping centers, there may be opportunities to develop on land around the highway. The highway and existing retail presence can offer significant investment potential.
Are you ready to invest in Lake Havasu retail real estate? We have the latest commercial real estate listings in Lake Havasu City. Shuffler Commercial Realty can help you succeed in this competitive market, from finding the right properties to negotiations. Reach out now to learn more about our services.
