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Located on the southerwestern bank of Lake Okeechobee, Clewiston has been serving a crucial role in Florida’s agricultural and
industrial economic sectors since the 1950s. An hours’ drive from Florida’s Atlantic Coast, Clewiston has emerged over the last halfdecade as a center of commerce in South-Central Florida. It is strategically located to make it accessible to the entire Florida
peninsula (Tampa, St. Petersburg, Ft Myers, Miami, West Palm, Orlando, Jacksonville) by road and air.
Established as a major agricultural producer in the mid 20th century, Clewiston’s thriving livestock and sugar production industries
have encouraged heavy investment in the surrounding area in the form of sophisticated sugar and agricultural refineries, processing
plants, ground/air transport infrastructure, and housing. Among other large corporations, Clewiston is home to U.S. Sugar, producer of
fully 10% of all sugar products made and sold in the United States. Over the years, Clewiston became a popular spot for owners,
executives, and workers in these and a growing number of other industries to live, work, and play. Its proximitiy to Lake Okeechobee
(730 sq mi, freshwater) offers a different kind of excellent boating and fishing from that available on the Atlantic Coast.
In recent years, a new kind of investor has taken notice of this market. With strong professional and industrial economic drivers
already present, multifamily and Real Estate investors of all kinds have taken notice of the compact city’s potential. New construction
and investment in existing properties are both on a steady rise in recent years, and this is evident immediately upon entering
Clewiston.
Indicative of this fact, the Airglades Airport (a short 5 minute drive from Clewiston’s center) is currently undergoing a $700 million
expansion of its international cargo terminal and infrastructure. Having secured financing and approvals as of Q2 2023, the
construction project will bring import/export capability to Airglades, making it an official US Customs Point of Entry into the United
States. This will enable perishable goods to fly directly into and out of Clewiston, without the logistical concerns inherent with
transporting goods by ground to and from congested areas such as Miami. Miami’s infrastructure will experience needed relief as well
from these improvements
This particular portfolio is an excellent example of what can be achieved in this locale with multifamily properties. Ideally positioned
for a long term investor, with significant near and long term growth prospects, this meticulously renovated and managed portfolio fits
neatly into the core of the Clewiston housing market. Affordable, quality rental housing is at a premium across the state, and as job
growth continues in Clewiston, the same remains undoubtedly true. Tenants fit a wide range of demographics and employment types,
as the portfolio spans 1BR apartments to 4BR single family homes, all centrally and conveniently located to all that this area has to
offer.
While South Florida is known for its beautiful beaches, the Lake Okeechobee region has much to offer in its own right. Popular as a
fishing and outdoor activity destination with plentiful natural areas to explore, South Central Florida offers a wholly different
experience while being inside of an hour’s drive from the coast.
With its economically strong core, myriad planned infrastructure expansions, and high housing demand due to steady population
growth over years, Clewiston represents an excellent multifamily market in which to invest in this economic environment.