Elizabethton, TN High Cap Rate Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Elizabethton, Tennessee Market population: 14K. Compare commercial properties across all major asset classes with...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Elizabethton TN Properties: 1.7400%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Elizabethton TN
Common questions from investors exploring commercial real estate in Elizabethton TN.
What's the overall investment outlook for Elizabethton, TN, considering its demographics and economy?
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Elizabethton's population of 14,318, with a median age of 41.5 and top industries in Public Administration and Information, suggests a stable workforce. The 22.0% poverty rate is a concern, but the 88.5% health insurance coverage and relatively low average commute time of 20.3 minutes indicate a degree of employment stability and quality of life.
How does the city's ethnic diversity and industry mix impact market demand for real estate investments?
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The city's ethnic diversity, with 47.8% White and 2.2% Black populations, and its top industries in Public Administration, Information, and Transportation, suggest a diverse and relatively stable market demand. This diversity, combined with a median household income of $28,125 and a homeownership rate of 60.0%, indicates potential for steady rental yields and property appreciation.
What are the implications of Elizabethton's poverty rate and health insurance coverage for tenant quality and investment risk?
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The 22.0% poverty rate combined with 88.5% health insurance coverage suggests a working-class market with some employment stability. This mix indicates that while there may be challenges with tenant quality, the overall risk can be managed with appropriate investment strategies, especially considering the city's low average commute time and relatively high homeownership rate.
How do commute times and transportation methods in Elizabethton affect the attractiveness of real estate investments?
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The average commute time of 20.3 minutes, with top commute methods being driving alone, working at home, and carpooling, indicates a city with manageable transportation infrastructure. This, along with a public transportation usage rate of 0.5%, suggests that investments in conveniently located properties could yield higher returns due to the demand for easy access to workplaces and services.
What role do median property value, property taxes, and the GINI coefficient play in assessing the viability of real estate investments in Elizabethton?
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The median property value of $108,500, combined with median property taxes of $3,624 and a GINI coefficient of 0.538, suggests a relatively affordable housing market with some income inequality. Investors should consider these factors for potential rental income and property appreciation, weighing the benefits of a lower median property value against the potential impacts of income inequality on the local economy and housing demand.
Elizabethton TN Real Estate & City Facts
Key facts and real estate information about Elizabethton TN.
What are some of the best neighborhoods to live in Elizabethton?
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Some of the best neighborhoods to live in Elizabethton include Stony Creek, which is a peaceful and family-friendly area with a beautiful creek and abundant wildlife. Other desirable areas tend to be in the southwest parts of the city, while more affordable homes can be found in the southeast regions. Neighborhoods like Hampton, Roan Mountain, and Butler are also popular for their prime mountain real estate.
What are some fun things to do in Elizabethton?
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Elizabethton offers a variety of outdoor activities and attractions, such as the Blue Hole Falls, Cherokee National Forest, and Sycamore Shoals State Historic Park. Visitors can also explore the historic Downtown Elizabethton, which features unique attractions like the Doe River Covered Bridge and the Duffield Academy. For outdoor enthusiasts, Watauga Lake is a haven for water-based activities, surrounded by the Cherokee National Forest.
What is the food scene like in Elizabethton?
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The food scene in Elizabethton is diverse and delicious, with top-rated restaurants like Wayne & Nancy's Family Restaurant, Fire Pizza, and Mayflower Seafood Restaurant. For international cuisine, Red Chili is a small quaint Asian/Korean restaurant in downtown Elizabethton, and The Black Olive offers amazing Greek food. There are also plenty of great food trucks and local eateries to explore.
What are the pros and cons of living in Elizabethton?
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Living in Elizabethton has its pros and cons. On the positive side, the city offers a slower pace of life, a strong sense of community, and plenty of outdoor activities to enjoy. However, the city also faces challenges like a higher poverty rate and limited job opportunities. Additionally, some areas of the city may have older homes that require renovation, and traffic can be a issue in certain parts of town. Overall, Elizabethton is a great choice for those who value a close-knit community and a more relaxed lifestyle.
Is Elizabethton a good place to live?
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Elizabethton can be a great place to live for those who value a small-town atmosphere, outdoor recreation, and a strong sense of community. While it may not offer the same level of job opportunities or cultural amenities as larger cities, Elizabethton has a unique charm and a high quality of life. With its beautiful natural surroundings, rich history, and friendly residents, Elizabethton is definitely worth considering for those looking to relocate to a more relaxed and peaceful environment.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Elizabethton TN Commercial Property: $28,125
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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