4040 Waring Road

Description

PREMIER AIRPORT-ADJACENT DEVELOPMENT OPPORTUNITY: 6.22 ACRES IN LAKELAND'S FASTEST-GROWING INDUSTRIAL CORRIDORStrategic Location | Exceptional Visibility | Unparalleled Growth PotentialPROPERTY OVERVIEWPresenting 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... Read more development potential in one of Central Floridas 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 income4102 Waring Road: 1.60 acres with 2,160 sf residence (1975)Total Assemblage: 6.22 acres | Zoning: Commercial/Industrial (BPC-1) | Combined Assessed Value: $940,184THE LAKELAND ADVANTAGE: EXPLOSIVE GROWTH IN AMERICAS #1 BOOM TOWNPopulation & Economic SurgeLakeland-Winter Haven isnt just growing-its exploding. The U.S. Census Bureau crowned this metro area as Americas 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: FLORIDAS PREMIER LOGISTICS SUPERHIGHWAYYour propertys 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 feetAverage Asking Rent: $8.19/sqft (up 9.3% year-over-year)Under Construction: 814,037 square feet of new industrial spaceLand Values: Averaging $151,397 per acre for commercial propertiesMajor Corporate Presence:Publix Super Markets: Floridas 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 Lakelands 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 Floridas largest commercial developments ever undertaken.ZONING & DEVELOPMENT FLEXIBILITY: BPC-1 COMMERCIAL/INDUSTRIALThe propertys 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.