Fort Drum, NY High Cap Rate Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Fort Drum, New York Market population: 14K. Explore income-producing properties with verified cap rates...

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📊 Average Cap Rate For Fort Drum NY Properties: 6.86%

⭐ Featured

190 Manhattan Ave, Buffalo, NY â€“ Prime Multifamily Investment with 7.56% Cap Rate

$6,500,000

Buffalo Multifamily

Discover a compelling investment in Buffaloâ€™s vibrant market with this 65,000-square-foot garden-style apartment prope...

Cap Rate 7.56%

NOI $491,400

Size 65,000 SF

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📊 Avg Property Tax Rate For Fort Drum NY Properties: 1.3200%

⭐ Featured

Prime Buffalo Multifamily Investment: 12-Unit Apartment Building with 6.16% Cap Rate

$1,750,000

Buffalo Multifamily

Discover a compelling multifamily investment opportunity in Buffalo, NY. This 12-unit apartment building, priced at $1,7...

Cap Rate 6.16%

NOI $107,842

Size 8,640 SF

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Investor Questions For Fort Drum NY

Common questions from investors exploring commercial real estate in Fort Drum NY.

What's the overall investment outlook for Fort Drum, NY, considering its demographics and economy? +

Fort Drum's young population, with a median age of 22.4, and diverse ethnicities, including White, White Non-Hispanic, and Hispanic, suggest a vibrant community. The poverty rate of 11.9% is somewhat mitigated by a high health insurance coverage rate of 97.9%, indicating a degree of employment stability, and the top industries in Manufacturing, Public Administration, and Retail Trade provide a foundation for market demand.

How does the local economy impact the housing market in Fort Drum, NY? +

The median household income of $41,404 and an employed population of 2,148 contribute to a stable economic base. However, the low homeownership rate of 1.8% and relatively high poverty rate of 11.9% may affect the rental market, while the median property value of $169,200 and low median property taxes of $34 could make investing in property more attractive, especially considering the short average commute time of 9.4 minutes.

What are the key factors influencing the quality of life for residents and, by extension, real estate investors in Fort Drum, NY? +

The exceptionally short average commute time of 9.4 minutes, coupled with high health insurance coverage of 97.9%, suggests a high quality of life. Additionally, the diverse top commute methods, including driving alone, walking, and working from home, indicate flexibility and infrastructure that could support a variety of lifestyles, making the area potentially appealing for renters and thus for investors.

How does ethnic diversity and the presence of top industries affect market demand for real estate in Fort Drum, NY? +

The ethnic diversity, with top ethnicities including White, White Non-Hispanic, and Hispanic, contributes to a culturally rich environment that can attract a broad range of residents. The presence of Manufacturing, Public Administration, and Retail Trade as top industries not only provides employment opportunities but also suggests a demand for housing that can cater to different worker profiles, from blue-collar to administrative and service sector employees.

What insights can be gleaned from the poverty rate, health insurance coverage, and commute time for assessing tenant quality and market stability in Fort Drum, NY? +

The combination of an 11.9% poverty rate with a high 97.9% health insurance coverage rate indicates a working population with access to healthcare, suggesting a level of employment stability. The short average commute time of 9.4 minutes further supports the idea of a stable and attractive living environment, which can be beneficial for both tenants and investors, as it may lead to lower turnover rates and a more consistent rental income stream.

Fort Drum NY Real Estate & City Facts

Key facts and real estate information about Fort Drum NY.

What are some of the best neighborhoods to live in Fort Drum? +

Some of the best neighborhoods to live in Fort Drum include Evans Mills, Watertown, and Carthage. These areas offer a range of housing options and are close to amenities and services. Additionally, neighborhoods like Calcium and Black River are also popular among residents.

What are some fun things to do in Fort Drum? +

There are plenty of fun things to do in Fort Drum, including visiting the Clayton Island Tours, Black River Drive In Theatre, and Net Par. You can also explore the Old Jail in Herkimer, dig for quartz at the Herkimer Diamond Mines, or take a boat tour of the 1000 Islands. For outdoor enthusiasts, there are plenty of opportunities for hiking, biking, and water sports.

What is the food scene like in Fort Drum? +

The food scene in Fort Drum is diverse and offers a range of options. You can find restaurants like Subway, Popeye's, and QDOBA Mexican Eats, as well as local eateries like Meme's Diner and Holy Smokes Bourbon and BBQ. There are also plenty of great food trucks and cafes in the area, serving everything from classic American fare to international cuisine.

What are the pros and cons of living in Fort Drum? +

One of the pros of living in Fort Drum is the strong sense of community and the availability of amenities and services. However, some cons include the limited job opportunities and the remote location. Additionally, the area can be quite cold and snowy in the winter, which may not be suitable for everyone. Overall, Fort Drum is a great place to live for those who value a close-knit community and outdoor activities.

Is Fort Drum a good place to live? +

Fort Drum can be a great place to live for the right person. It offers a unique blend of natural beauty, outdoor recreation opportunities, and small-town charm. While it may not be suitable for everyone, particularly those who prefer a more urban lifestyle, it can be an excellent choice for those who value a close-knit community and a relaxed pace of life. Ultimately, whether or not Fort Drum is a good place to live depends on your individual preferences and priorities.

Fort Drum, NY High Cap Rate Commercial Investment Properties for Sale

Don’t just search properties. See why investors choose REI Capital.

📊 Average Cap Rate For Fort Drum NY Properties: 6.86%

190 Manhattan Ave, Buffalo, NY â€“ Prime Multifamily Investment with 7.56% Cap Rate

📊 Avg Property Tax Rate For Fort Drum NY Properties: 1.3200%

Prime Buffalo Multifamily Investment: 12-Unit Apartment Building with 6.16% Cap Rate

Investor Questions For Fort Drum NY

Fort Drum NY Real Estate & City Facts

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