South Patrick Shores, FL High Cap Rate Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in South Patrick Shores, Florida Market population: 6K. Compare commercial properties across all major asset...

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Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127

$2,450,000

Miami Multifamily (Condo)

Discover a prime investment opportunity at 136 NW 26th St in Miami, Florida. This Class B multifamily condo property, bu...

Cap Rate %

NOI $0

Size 30,000 SF

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📊 Avg Property Tax Rate For South Patrick Shores FL Properties: 99.0000%

📊 Average Income For South Patrick Shores FL Commercial Property: $63,497

Investor Questions For South Patrick Shores FL

Common questions from investors exploring commercial real estate in South Patrick Shores FL.

What's the overall investment potential of South Patrick Shores, FL, considering its demographics and economy? +

With a median household income of $63,497 and a relatively low poverty rate of 5.9%, South Patrick Shores, FL, presents a stable investment market, further strengthened by its diverse top industries, including Educational Services, & Health Care & Social Assistance, and a high health insurance coverage rate of 87.2%, indicating a reliable tenant base.

How does the commute time and transportation infrastructure impact the quality of life for residents and, by extension, real estate investment in South Patrick Shores? +

The average commute time of 25.4 minutes, combined with a high rate of residents driving alone (84.2%) and a notable percentage working from home (7.5%), suggests a flexible and manageable commute scenario, contributing to a good quality of life and potentially stable rental market, especially when considered alongside the area's low poverty rate and high health insurance coverage.

What role does ethnic diversity and the top industries play in assessing market demand for real estate investments in South Patrick Shores? +

The ethnic diversity, led by White (46.7%) and White Non-Hispanic (45.0%) populations, alongside a significant Hispanic (3.1%) presence, indicates a culturally rich community, which can attract a broad range of residents, while the top industries, such as Educational Services, & Health Care & Social Assistance, and Manufacturing, provide a solid employment base, suggesting a steady demand for housing and, consequently, a favorable environment for real estate investments.

How do the poverty rate, health insurance coverage, and median household income interact to influence the attractiveness of South Patrick Shores as an investment location? +

The combination of a low poverty rate (5.9%), high health insurance coverage (87.2%), and a median household income of $63,497 in South Patrick Shores, FL, points to a financially stable population, which is less likely to experience economic downturns, making it an attractive location for real estate investments, as it suggests a lower risk of tenant default and higher potential for consistent rental income.

In what ways do the homeownership rate, median property value, and median property taxes in South Patrick Shores impact the decision-making process for potential real estate investors? +

With a high homeownership rate of 82.1%, a median property value of $228,600, and median property taxes of $1,951, South Patrick Shores presents a market with established homeowners and a significant potential for property appreciation, while the tax environment, although a cost factor, is manageable, suggesting that investors could find a balance between property value growth and rental yield, especially in a market with a strong employment base and low poverty rate.

South Patrick Shores FL Real Estate & City Facts

Key facts and real estate information about South Patrick Shores FL.

What are some of the best neighborhoods to live in South Patrick Shores? +

Some of the best neighborhoods to live in South Patrick Shores include Waterway Estates and areas near Seagull Park Beach, which offer a peaceful and serene atmosphere. The community features mainly single detached homes alongside several large and small apartment buildings, providing diverse housing options.

What are some fun things to do in South Patrick Shores? +

There are plenty of fun things to do in South Patrick Shores, including visiting Seagull Park Beach and Satellite Beach Beach. You can also explore the surrounding area, which offers a range of activities and attractions, such as dining at local restaurants and attending community festivals in downtown Satellite Beach.

What is the food scene like in South Patrick Shores? +

The food scene in South Patrick Shores is diverse and offers a range of options, including traditional French cuisine at Le French Restaurant, Mediterranean choices with a Middle Eastern flair, and fresh seafood at beachside restaurants like Goombay's Beachside and Baci Beachside. There are also plenty of great food trucks and casual dining options available.

What are the pros and cons of living in South Patrick Shores? +

The pros of living in South Patrick Shores include its peaceful and serene atmosphere, diverse housing options, and proximity to beautiful beaches and local amenities. However, some cons may include the potential for street noise and crowds during peak tourist season, as well as limited public transportation options. Overall, South Patrick Shores is a great choice for those looking for a relaxed and coastal lifestyle.

Is South Patrick Shores a good place to live? +

Yes, South Patrick Shores is a good place to live, offering a unique blend of peace and tranquility, with easy access to local amenities and activities. The community is known for its friendly atmosphere and beautiful beaches, making it an ideal choice for families, retirees, and those looking for a relaxed coastal lifestyle. While it may have some drawbacks, the pros of living in South Patrick Shores make it a great option for those who value a serene and coastal way of life.

South Patrick Shores, FL High Cap Rate Commercial Investment Properties for Sale

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

Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127

📊 Avg Property Tax Rate For South Patrick Shores FL Properties: 99.0000%

📊 Average Income For South Patrick Shores FL Commercial Property: $63,497

Investor Questions For South Patrick Shores FL

South Patrick Shores FL Real Estate & City Facts

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