Largo, Florida, offers a unique opportunity for investors to capitalize on the city's growing demand for commercial real estate. With a population of approximately 80,000 residents, Largo is an attractive location for businesses looking to establish a presence in the Tampa Bay area. Commercial real estate in Largo encompasses a range of properties, including office buildings, retail spaces, and industrial facilities, providing investors with diverse options to suit their investment goals. The city's strong infrastructure, including its proximity to Tampa International Airport and St. Petersburg–Clearwater International Airport, makes it an ideal location for businesses that require easy access to transportation hubs. Additionally, Largo's highly rated school system, including Schiller International University, and its abundance of amenities, such as the Largo Medical Center and the Largo Public Library, make it an attractive location for businesses and residents alike. The city's scenic lakes, including Taylor Lake, and its proximity to the Gulf of Mexico and Tampa Bay, also provide a unique quality of life that is hard to find in other cities. With its rich history, diverse economy, and high quality of life, Largo is an excellent choice for businesses and investors looking to establish a presence in the Tampa Bay area.
Largo's commercial real estate market offers a range of opportunities for investors, with 56 listings currently available. The average price per square foot for commercial real estate in Largo is $7,879 USD, with an average property size of 18,438 square feet. The largest property available is 130,398 square feet, providing ample space for businesses looking to expand their operations. In addition to commercial real estate, Largo also offers a range of other property types, including industrial properties, which are ideal for businesses that require large amounts of space for manufacturing or storage. Apartment buildings are also available, providing investors with opportunities to capitalize on the city's growing demand for rental properties. Office properties, including those in the downtown area, offer businesses a professional and convenient location from which to operate. Hotels, including those near the airport and major highways, provide investors with opportunities to capitalize on the city's tourism industry. With its diverse range of property types and strong economy, Largo is an excellent choice for investors looking to establish a presence in the Tampa Bay area.
What financing options are available for purchasing commercial real estate?
When it comes to financing options for purchasing commercial real estate in Largo, Florida, buyers have several choices to consider, including:
- Traditional bank loans, which often require a 20-30% down payment and offer competitive interest rates;
- Small Business Administration (SBA) loans, which provide more flexible terms and lower down payments, but may have more stringent qualification requirements;
- Private money lenders, which can offer faster approval and more lenient credit standards, but often come with higher interest rates and fees.
How do cap rates factor into commercial real estate purchases?
When considering commercial real estate purchases in Largo, Florida, cap rates play a crucial role in determining the potential return on investment. With an average cap rate of 5.98%, investors can gauge the property's potential income-generating capacity, making it an essential factor in their decision-making process - to learn more about cap rates, check out our article on what is a cap rate.
In Largo, where there are 56 available listings of commercial real estate, understanding cap rates can help investors navigate the market and make informed decisions. By considering the average cap rate, investors can better assess the property's value and potential for generating income, ultimately influencing their purchasing decisions.
What is considered a commercial property?
In Largo, Florida, a commercial property is typically defined as a building or land used for business or commercial purposes, such as office spaces, retail stores, restaurants, warehouses, and other types of properties that generate income.
With 56 available listings of commercial real estate in Largo, investors and business owners have a range of options to choose from, including properties with average prices per square foot of $7,879 USD, average sizes of 18,438 square feet, and average cap rates of 5.98%.
