Fairmont, NE Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Fairmont, Nebraska Market population: 19K. Explore income-producing properties with verified cap rates and operating...
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2 properties found
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📊 Avg Property Tax Rate For Fairmont WV Properties: 5.8000%
⭐ Featured
190 Manhattan Ave, Buffalo, NY – Prime Multifamily Investment with 7.56% Cap Rate
$6,500,000
Buffalo
Multifamily
Cap Rate
7.56%
NOI
$491,400
Size
65,000 SF
📊 Average Income For Fairmont WV Commercial Property: $36,917
⭐ Featured
Prime Buffalo Multifamily Investment: 12-Unit Apartment Building with 6.16% Cap Rate
$1,750,000
Buffalo
Multifamily
Cap Rate
6.16%
NOI
$107,842
Size
8,640 SF
Investor Questions For Fairmont WV
Common questions from investors exploring commercial real estate in Fairmont WV.
What's the overall investment outlook for Fairmont, WV, considering its demographic and economic profile?
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Fairmont's median household income of $36,917, combined with a poverty rate of 22.2% and a high health insurance coverage of 91.0%, suggests a stable market with a mix of working-class and employed individuals. The top industries, including Agriculture and Public Administration, indicate a diverse economy, while the 21.2-minute average commute time and high rate of drove alone commutes suggest convenient transportation options.
How does the city's ethnic diversity and industry landscape impact market demand for real estate investments?
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The city's ethnic diversity, with a majority of White and White Non-Hispanic populations, and a significant Black population, contributes to a culturally rich environment. The top industries, including Agriculture, Forestry, Fishing & Hunting, & Mining, and Public Administration, drive demand for housing, particularly for workers in these sectors, and the relatively low median property value of $89,800 makes it an attractive option for investors.
What are the implications of Fairmont's poverty rate and health insurance coverage on tenant quality and rental yields?
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The 22.2% poverty rate, although relatively high, is mitigated by the 91.0% health insurance coverage, indicating a level of employment stability and access to healthcare. This combination suggests a working-class market with potential for reliable tenants, and the average commute time of 21.2 minutes and high homeownership rate of 63.2% further support the stability of the rental market.
How do the city's commute times, transportation options, and quality of life metrics impact market stability and attractiveness to investors?
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Fairmont's average commute time of 21.2 minutes, with a majority of residents driving alone, and a significant proportion working from home, indicates a convenient and flexible transportation network. The city's relatively low poverty rate, combined with high health insurance coverage and a diverse economy, contributes to a stable market, making it an attractive option for investors seeking reliable rental yields and potential for long-term appreciation.
What role do the city's income inequality, median property value, and property taxes play in determining the viability of real estate investments?
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The GINI coefficient of 0.455 indicates a moderate level of income inequality, which, combined with the median property value of $89,800 and median property taxes of $5,194, suggests a relatively affordable housing market. The employed population of 8,797 and top industries, including Agriculture and Public Administration, drive demand for housing, and the relatively low property taxes make it an attractive option for investors seeking to minimize costs and maximize returns.
Fairmont WV Real Estate & City Facts
Key facts and real estate information about Fairmont WV.
What are some of the best neighborhoods to live in Fairmont?
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Some of the best neighborhoods to live in Fairmont include Canterbury Woods, Watson, Pleasant Valley, and White Hall. These neighborhoods are known for being peaceful, family-friendly, and having well-kept homes. However, it's worth noting that some areas, such as parts of East Side and West Side, can be a bit rough around the edges.
What are some fun things to do in Fairmont?
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Fairmont has a lot to offer when it comes to things to do. You can visit Palatine Park, Pricketts Fort State Park, the Telephone Museum, or the Marion County Vietnam Memorial. If you're looking for outdoor activities, you can check out the Seth Burton Disc Golf Course or go hiking at Valley Falls State Park. The city also has a thriving downtown area with shops, restaurants, and entertainment options.
What is the food scene like in Fairmont?
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The food scene in Fairmont is surprisingly vibrant, with a mix of traditional American cuisine, Italian restaurants, and upscale eateries. Some popular spots include Muriale's Italian Kitchen, Cracker Barrel, and Say-Boy Restaurant. You can also find some great food trucks and local eateries serving up everything from pepperoni rolls to BBQ. There are also plenty of great restaurants in the surrounding area, so you're sure to find something that suits your taste.
What are the pros and cons of living in Fairmont?
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The pros of living in Fairmont include its small-town charm, outdoor recreational opportunities, and a relatively low cost of living. However, the city also faces some challenges, such as a higher-than-average poverty rate and limited job opportunities in certain industries. Additionally, some areas of the city can be a bit rough around the edges, and traffic can be a issue during rush hour. Overall, Fairmont is a great option for those who want a quiet, affordable place to live with plenty of natural beauty nearby.
Is Fairmont a good place to live?
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Fairmont can be a great place to live, depending on your priorities and preferences. If you're looking for a small-town atmosphere with plenty of outdoor recreational opportunities, Fairmont might be an excellent choice. However, if you're looking for a more urban lifestyle with a wide range of job opportunities and cultural attractions, you might want to consider other options. Ultimately, Fairmont is a good fit for those who value community, affordability, and natural beauty, and are willing to overlook some of the city's challenges.
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