Gloucester, NC Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Gloucester, North Carolina Market population: 29K. Compare commercial properties across all major asset classes...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Gloucester MA Properties: 0.9700%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Gloucester MA
Common questions from investors exploring commercial real estate in Gloucester MA.
What makes Gloucester, MA an attractive location for real estate investment?
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Gloucester, MA's median household income of $61,449, combined with a relatively low poverty rate of 9.6% and high health insurance coverage of 96.9%, suggests a stable and employed population, which is beneficial for rental income stability and property value appreciation. The city's diverse economy, with top industries including Public Administration, Finance & Insurance, and Information, further supports its attractiveness for investment.
How does the demographic profile of Gloucester impact real estate investment?
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The demographic profile of Gloucester, characterized by a median age of 47.1, a foreign-born rate of 4.1%, and a top ethnicity of White (47.9%), indicates a relatively stable and homogeneous community. This, coupled with an average commute time of 26.1 minutes and a high rate of health insurance coverage, suggests a quality of life that can attract and retain residents, thereby supporting demand for housing and potential long-term appreciation in property values.
What are the key factors influencing the housing market in Gloucester?
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The housing market in Gloucester is influenced by factors such as the median property value of $364,600, median property taxes of $7,702, and a homeownership rate of 63.2%. Additionally, the city's top industries and relatively low poverty rate contribute to a stable economic environment, which can positively impact the housing market by supporting consistent demand and potentially limiting significant fluctuations in property values.
How does the commute and transportation infrastructure in Gloucester affect real estate investment?
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The average commute time of 26.1 minutes in Gloucester, with top commute methods including driving alone, working at home, and carpooling, indicates a manageable and flexible transportation infrastructure. This, combined with the city's economic stability and diverse industries, makes Gloucester an attractive location for both residents and investors, as it suggests a strong potential for rental yield and property appreciation due to the convenience and quality of life it offers.
What role does ethnic diversity and industry variety play in the real estate market of Gloucester?
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The ethnic diversity in Gloucester, with top ethnicities including White (47.9%), White Non-Hispanic (47.2%), and Hispanic (1.6%), and the variety of industries such as Public Administration, Finance & Insurance, and Information, contribute to a vibrant and resilient local economy. This diversity can lead to a more stable and growing real estate market, as it attracts a wide range of residents and businesses, thereby supporting consistent demand for housing and potential for long-term investment growth.
Gloucester MA Real Estate & City Facts
Key facts and real estate information about Gloucester MA.
What are some of the best neighborhoods to live in Gloucester?
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Some of the best neighborhoods to live in Gloucester include Little River, Downtown, Lanesville, Folly Cove, Portuguese Hill, the Fort, Governor's Hill, Magnolia, and West Parish. Each neighborhood has its own unique character and advantages, so it's worth researching to find the one that best fits your needs and preferences.
What are some fun things to do in Gloucester?
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There are plenty of fun things to do in Gloucester, including visiting the Hammond Castle Museum, strolling along Good Harbor Beach, and checking out the Fishermen's Memorial Monument. You can also go whale watching, take a schooner sail, or explore the city's many art galleries and museums. If you're looking for something to do with kids, consider visiting the Gloucester Stage or taking a boat ride.
What is the food scene like in Gloucester?
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The food scene in Gloucester is shaped by the city's maritime culture, with a focus on fresh seafood like lobster, haddock, and shellfish. Some popular restaurants include Oak to Ember, Seaport Grille, and Causeway Restaurant. There are also plenty of great food trucks and casual eateries to grab a bite on the go. If you're looking for a unique dining experience, consider trying one of the city's many Sicilian or Italian restaurants.
What are the pros and cons of living in Gloucester?
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The pros of living in Gloucester include its beautiful coastal location, rich maritime history, and vibrant arts and culture scene. The city also has a strong sense of community, with many family-friendly activities and events throughout the year. However, some cons to consider include the city's relatively high cost of living, limited job opportunities in certain industries, and crowded tourist areas during the summer months. Overall, Gloucester is a great place to live for those who value a close-knit community and a unique, small-town feel.
Is Gloucester a good place to live?
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Whether or not Gloucester is a good place to live depends on your individual preferences and priorities. If you value a strong sense of community, a vibrant arts and culture scene, and easy access to outdoor activities like beaches and hiking trails, then Gloucester may be a great fit for you. However, if you're looking for a more urban environment with a wider range of job opportunities and cultural amenities, you may want to consider other options. Ultimately, Gloucester is a unique and charming city that offers a high quality of life for those who are willing to embrace its quirks and limitations.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Gloucester MA Commercial Property: $61,449
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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