360 Perspective Partners
Listed by 360 Perspective Partners
$2,200,000
Lakeland Business Campus
Details
APN 23-29-03-000000-032010
Property Type Office
Sub Type Executive Office
Square Footage 3,079
Net Rentable (SqFt) 3,079
Tenancy Multi
Class B
Year Built 1978, 1968, 1975
Year Renovated 2004, 2025
Stories 1
Acreage 6.220
Zoning PUD 4177, Commercial/Industrial (BPC-1)
Investment Type Owner/User
6+ acre Business Campus Development by Lakeland Linder International Airport
Marketing description
Premier airport-adjacent development opportunity: 6.22 acres in lakeland's fastest-growing industrial corridor strategic location | exceptional visibility | unparalleled growth potential
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.
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.
This isn't speculation—it's statistical certainty. The region added more residents between 2020-2023 than cities twice its size, creating immediate demand for industrial space, distribution facilities, office parks, and commercial developments. Your property sits at ground zero of this transformation.
The Airport Effect: Florida's #3 Cargo Hub
Lakeland Linder International Airport has evolved from a regional facility into Florida's third-largest cargo airport, surpassing Tampa International Airport in cargo operations.
Infrastructure Excellence: $14.2 Million in Corridor Improvements
The Waring Road corridor has become the focus of massive public infrastructure investment, enhancing accessibility, traffic flow, and property values:
Recently Completed (2025): Multi-lane roundabout at Waring Road and Drane Field Road (opened November 24, 2025)—Lakeland's first such advanced traffic solution
SR 572 resurfacing: 2-mile improvement from Drane Field Road to Pipkin Creek Road ($14.2 million total investment)
ADA-compliant transit improvements throughout the corridor
Enhanced connectivity to Polk Parkway (State Road 570) and Interstate 4
These aren't minor upgrades—they're transformative improvements signaling government confidence in the corridor's commercial future. When municipalities invest $14+ million in infrastructure, property values invariably follow upward.
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.
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.
This versatile zoning eliminates the costly delays and uncertainty associated with rezoning applications, allowing buyers to move directly to development.
Income-producing Asset: Immediate Cash Flow
Unlike raw land requiring substantial capital before generating returns, this property offers immediate rental income through the professionally remodeled 3,079 sqft office building at 4040 Waring Road.
The Bottom Line
6.22 acres. Prime zoning. Airport proximity. Explosive growth. Income-producing. Infrastructure investment. Corporate expansion. Nation's #1 boom town.
This isn't just land—it's a strategic position in one of America's most dynamic economic transformation stories. While others speculate about "up-and-coming" markets, Lakeland has arrived. The data is irrefutable, the growth trajectory is established, and the opportunity is now.
For sophisticated investors and developers seeking exceptional returns in a proven, high-growth market, this assemblage represents the rare intersection of immediate income, development flexibility, and explosive appreciation potential. Great opportunity for a Integrated Business Campus / Mixed-Use Development
Investment highlights
- City of Lakeland Water & Sewer located at Southeast corner of property
- Strategic Location in the Heart of Central Florida next to an accessible International Airport
- Exceptional Visibility and access to the Polk Parkway/Toll Road to Interstate 4
- Unparalleled Growth Potential in Central Florida
- Sale Conditions: Redevelopment Project
- 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
- 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
- Zoning & Development Flexibility: Bpc-1 Commercial/industrial
- The property's BPC-1 (Business Park Commercial) PUD4177 zoning provides exceptional flexibility for diverse uses, including:
- Light Industrial & Manufacturing
- Warehousing & Distribution Centers
- Commercial Vehicle Parking & Fleet Operations
- Office Complexes & Business Parks
- Communications Towers
- Research & Development Facilities
- Aviation-Related Services
- Technology & Data Centers
- This versatile zoning eliminates the costly delays and uncertainty associated with rezoning applications, allowing buyers to move directly to development.
- Water & Sewer are located at the Southeast Corner of the property.
Listing Contacts
360 Perspective Partners
Listed by 360 Perspective Partners
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Brokerage Phone
Title
Brokerage Address
Is there information that looks off?
