Viera East, FL High Cap Rate Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Viera East, Florida Market population: 12K. Explore income-producing properties with verified cap rates and...

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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 Viera East FL Properties: 0.8900%

📊 Average Income For Viera East FL Commercial Property: $73,419

Investor Questions For Viera East FL

Common questions from investors exploring commercial real estate in Viera East FL.

What's the overall investment potential of Viera East, FL, considering its demographics and economy? +

Viera East, FL, with its median household income of $73,419 and a relatively low poverty rate of 5.6%, presents a stable investment market. The area's diverse economy, led by Retail Trade, Healthcare & Social Assistance, and Professional services, supports a strong employment base, as evidenced by the 5,821 employed population and a low unemployment rate of 3.2%, which is favorable for rental income stability.

How does the ethnic diversity and foreign-born rate impact the demand for housing in Viera East? +

The ethnic diversity in Viera East, with White (73.4%) and Hispanic (11.4%) populations, and a foreign-born rate of 14.1%, suggests a culturally rich and potentially dynamic housing market. This diversity, combined with top industries like Healthcare & Social Assistance and Professional services, may drive demand for both rental and owned properties, especially considering the area's median property value of $233,400 and a homeownership rate of 79.2%.

What are the implications of commute times and health insurance coverage for investors in Viera East? +

The average commute time of 28.4 minutes in Viera East, primarily driven by those who drive alone (84.5%), indicates a manageable and relatively short commute, which can enhance the quality of life for residents. Coupled with a high health insurance coverage rate of 94.1%, this suggests a stable and healthy workforce, which is attractive for investors looking for reliable tenants and a low turnover rate.

How does the income inequality and poverty rate in Viera East affect the real estate investment landscape? +

Viera East's GINI coefficient of 0.401 and a poverty rate of 5.6% suggest a relatively equitable distribution of income and a low level of poverty. This, combined with a median household income of $73,419, indicates a market with potential for both affordable and higher-end housing investments, catering to a broad range of buyers and renters, and supported by industries like Retail Trade and Healthcare & Social Assistance.

What insights can be gleaned from the homeownership rate and median property taxes for real estate investment in Viera East? +

The high homeownership rate of 79.2% in Viera East, along with median property taxes of $2,784, suggests a community with a strong preference for owned housing. This, paired with a median property value of $233,400, may indicate opportunities for investors in both the rental market, particularly for those who cannot afford homeownership, and in developing or renovating properties to meet the demand for owned homes, considering the area's stable economy and favorable demographics.

Viera East FL Real Estate & City Facts

Key facts and real estate information about Viera East FL.

What are some of the best neighborhoods to live in Viera East? +

Some of the best neighborhoods to live in Viera East include Viera East, which is known for its family-friendly atmosphere and excellent amenities. Other popular neighborhoods in the area include those near the USSSA Space Coast Complex and The Avenue Viera.

What are some fun things to do in Viera East? +

There are plenty of fun things to do in Viera East, including visiting the USSSA Space Coast Complex, exploring the outdoor recreational opportunities, and enjoying the local restaurants and shops at The Avenue Viera. You can also check out events and activities on Eventbrite or visit the nearby beaches and parks.

What is the food scene like in Viera East? +

The food scene in Viera East is diverse and exciting, with a range of restaurants serving everything from steak and seafood to Italian and Mexican cuisine. Some popular restaurants in the area include Urban Prime, 28 North Gastropub & Scratch Kitchen, and Hook & Reel Cajun Seafood & Bar. There are also plenty of great food trucks and casual eateries to try.

What are the pros and cons of living in Viera East? +

The pros of living in Viera East include its family-friendly atmosphere, excellent amenities, and convenient location. However, some cons to consider include the potential for traffic and crowds, especially during peak tourist season. Additionally, the area may not have as much nightlife or entertainment options as larger cities.

Is Viera East a good place to live? +

Overall, Viera East is a great place to live for those who value a family-friendly atmosphere, outdoor recreational opportunities, and a convenient location. While it may not be the best fit for everyone, particularly those looking for a more urban lifestyle, it is definitely worth considering for those who want to experience the best of Florida living.

Viera East, 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 Viera East FL Properties: 0.8900%

📊 Average Income For Viera East FL Commercial Property: $73,419

Investor Questions For Viera East FL

Viera East FL Real Estate & City Facts

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