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Harrison, IL High Cap Rate Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Harrison, Illinois Market population: 28K. Compare commercial properties across all major asset classes with...

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⭐ Featured

Investment Opportunity in La Grange Park, IL

$1,190,000
La Grange Park Multifamily

This multifamily apartment property located in La Grange Park, IL, presents a compelling investment opportunity for real...

Cap Rate 7.68%
NOI $91,392
Size 5,200 SF

πŸ“Š Average Cap Rate For Harrison NY Properties: 7.68%

πŸ“Š Avg Property Tax Rate For Harrison NY Properties: 1.9700%

πŸ“Š Average Income For Harrison NY Commercial Property: $102,702

Investor Questions For Harrison NY

Common questions from investors exploring commercial real estate in Harrison NY.

What makes Harrison, NY an attractive market for real estate investment? +
The combination of a high median household income of $102,702, a relatively low poverty rate of 5.9%, and a strong health insurance coverage rate of 94.7% suggests a stable and secure market for investors, with a diverse population of White, White Non-Hispanic, and Hispanic residents.
How does the commute time and transportation infrastructure impact the rental market in Harrison, NY? +
The average commute time of 27.2 minutes, coupled with a high rate of public transit usage, indicates a well-connected and convenient location for renters, which can lead to higher demand and rental yields, particularly in areas with easy access to Finance & Insurance, and Real Estate & Rental & Leasing industries.
What are the implications of the top industries in Harrison, NY for real estate investment? +
The presence of top industries such as Finance & Insurance, and Real Estate & Rental & Leasing, Wholesale Trade, and Manufacturing suggests a strong and diverse economy, which can lead to a stable and growing demand for housing, particularly for workers in these sectors, and a median property value of $804,500 indicates a high potential for property appreciation.
How does the demographic diversity of Harrison, NY impact the real estate market? +
The city's diverse population, with a foreign born rate of 24.1% and top ethnicities including White, White Non-Hispanic, and Hispanic, suggests a vibrant and inclusive community, which can attract a wide range of renters and buyers, and a high homeownership rate of 64.3% indicates a strong sense of community and stability.
What are the key factors to consider when evaluating the quality of life in Harrison, NY for real estate investment? +
The combination of a high health insurance coverage rate of 94.7%, a low poverty rate of 5.9%, and a relatively short average commute time of 27.2 minutes, suggests a high quality of life for residents, which can lead to a stable and secure market for investors, and a median property taxes of $5,444 indicates a relatively low burden on property owners.

Harrison NY Real Estate & City Facts

Key facts and real estate information about Harrison NY.

What are some of the best neighborhoods to live in Harrison? +
Some of the best neighborhoods to live in Harrison, NY are Downtown Harrison, Purchase, West Harrison, Sterling Ridge, Sunnyridge, Brentwood, and The Trails. These neighborhoods offer a range of housing options, from affordable homes to luxury estates, and are known for their scenic roads, rolling hills, and stately homes.
What are some fun things to do in Harrison? +
There are plenty of fun things to do in Harrison, NY, including visiting the Donald M. Kendall Sculpture Gardens, the Neuberger Museum of Art, and the Performing Arts Center. You can also hike at Bear Mountain, try a brewery like Captain Lawrence, or attend a show at the Paramount in Peekskill or the Capitol in Port Chester. Additionally, Veterans Memorial Park and St Gregory's Church are popular attractions.
What is the food scene like in Harrison? +
The food scene in Harrison, NY is diverse and exciting, with a range of restaurants serving everything from fine dining to casual eats. Some popular spots include The Rye Grill & Bar, Red Plum, The Pureganic Cafe, and Donjito. You can also find great Italian food at Trattoria Vivolo, La Casa Purchase, and Aquario Restaurant, or try some Japanese BBQ at Gyu-Kaku. There are also plenty of great food trucks and cafes in the area.
What are the pros and cons of living in Harrison? +
The pros of living in Harrison, NY include its scenic beauty, range of housing options, and easy access to NYC. However, some cons include the high cost of living, traffic, and limited nightlife options. Additionally, some areas of Harrison can be quite crowded and noisy, while others are more peaceful and suburban. Overall, Harrison is a great place to live for those who value convenience, natural beauty, and a strong sense of community.
Is Harrison a good place to live? +
Harrison, NY is a great place to live for many people, offering a unique blend of natural beauty, cultural attractions, and convenient access to NYC. While it may not be the best fit for everyone, particularly those on a tight budget or looking for a lively nightlife scene, it is a popular choice for families, commuters, and those who value a strong sense of community. With its range of housing options, scenic parks, and diverse food scene, Harrison is definitely worth considering for anyone looking to live in the Westchester area.
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