Watertown, FL High Cap Rate Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Watertown, Florida Market population: 27K. Explore income-producing properties with verified cap rates and operating...

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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 Watertown NY Properties: 0.6900%

📊 Average Income For Watertown NY Commercial Property: $38,004

Investor Questions For Watertown NY

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

What is the overall investment potential of Watertown, NY, considering its demographic and economic factors? +

The city's median household income of $38,004, combined with a poverty rate of 22.2% and a high health insurance coverage rate of 93.3%, suggests a relatively stable market with employment opportunities, particularly in the finance and insurance sectors. The diverse population, with top ethnicities including White, White Non-Hispanic, and Hispanic, contributes to a vibrant community. Additionally, the average commute time of 15 minutes and top commute methods of driving alone, carpooling, and walking indicate a well-connected city with solid infrastructure.

How does the city's industry diversity impact its real estate market? +

The top industries in Watertown, including finance and insurance, public administration, and professional services, contribute to a diverse economy, which can lead to a more stable real estate market. The presence of these industries, combined with a median property value of $118,400 and a homeownership rate of 41.1%, suggests opportunities for both rental and owner-occupied properties. Furthermore, the city's foreign-born rate of 10.2% and ethnic diversity may attract businesses and residents looking for a culturally rich environment.

What are the key factors to consider when evaluating the quality of life in Watertown, NY, for real estate investment purposes? +

The city's high health insurance coverage rate of 93.3%, low average commute time of 15 minutes, and relatively high median household income of $38,004 contribute to a decent quality of life. Additionally, the top occupations in management, business, science, and arts, as well as service occupations, indicate a skilled workforce. However, the poverty rate of 22.2% and income inequality, as measured by the GINI coefficient of 0.442, suggest that there may be areas of concern that investors should consider when evaluating the overall quality of life in Watertown.

How does the city's demographic profile, including age and ethnicity, impact its real estate market? +

The median age of 30.5 in Watertown, NY, suggests a relatively young population, which may lead to a demand for housing that caters to families and young professionals. The top ethnicities, including White, White Non-Hispanic, and Hispanic, contribute to a diverse community, which can attract businesses and residents looking for a culturally rich environment. Furthermore, the city's foreign-born rate of 10.2% may indicate a growing demand for housing that accommodates diverse cultural needs.

What are the implications of the city's economic and employment factors on its real estate investment potential? +

The employed population of 10,899 and median household income of $38,004 in Watertown, NY, suggest a relatively stable economy. The top industries, including finance and insurance, public administration, and professional services, contribute to a diverse economy, which can lead to a more stable real estate market. Additionally, the poverty rate of 22.2% and income inequality, as measured by the GINI coefficient of 0.442, indicate that there may be areas of concern that investors should consider when evaluating the overall economic and employment landscape in Watertown.

Watertown NY Real Estate & City Facts

Key facts and real estate information about Watertown NY.

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

Some of the best neighborhoods to live in Watertown include Franklin St/Gotham St, which is ranked as the #1 best neighborhood to live in Watertown, New York, according to nextdoor.com. Other nice areas to live in Watertown are Sackets Harbor, Brownville, Black River, Evans Mills, and Adams Center, which are all nice little villages outside of town.

What are some fun things to do in Watertown? +

There are plenty of fun things to do in Watertown, such as visiting the New York State Zoo at Thompson Park, Burrville Cider Mill, Roswell P. Flower Memorial Library, Dry Hill Ski Area, and Poors Tavern. You can also enjoy the great outdoors at Thompson Park, which offers scenic views, children's playground, splash pad, ADA-compliant pool, and Zoo New York.

What is the food scene like in Watertown? +

The food scene in Watertown is diverse and offers a range of options, including Italian, Tuscan, American, and steakhouse cuisine. Some popular restaurants in Watertown include Pete's Trattoria, Fairground Inn, Texas Roadhouse, and 1812 on the River by 1812 Brewing Co. There are also plenty of great food trucks and local gems to explore.

What are the pros and cons of living in Watertown? +

The pros of living in Watertown include its affordable housing, scenic views, and outdoor recreational opportunities. However, some cons of living in Watertown include its limited job opportunities and lower median household income compared to other cities in the state. Additionally, the city's poverty rate is higher than the national average, which can be a challenge for some residents.

Is Watertown a good place to live? +

Watertown can be a good place to live for those who value affordability, outdoor recreation, and a close-knit community. While it may have its challenges, such as limited job opportunities and a higher poverty rate, the city also offers a unique blend of natural beauty, historic charm, and small-town hospitality. Ultimately, whether Watertown is a good place to live depends on your individual priorities and preferences.

Watertown, 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 Watertown NY Properties: 0.6900%

📊 Average Income For Watertown NY Commercial Property: $38,004

Investor Questions For Watertown NY

Watertown NY Real Estate & City Facts

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