Leitchfield, KY Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Leitchfield, Kentucky Market population: 7K. Browse multifamily, office, retail, industrial, and mixed-use investment opportunities....
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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 Leitchfield KY Properties: 0.9300%
⭐ 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 Leitchfield KY
Common questions from investors exploring commercial real estate in Leitchfield KY.
What's the overall investment outlook for Leitchfield, KY, considering its demographics and economy?
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Leitchfield's population of 6,750, with a median age of 34.0 and median household income of $26,325, presents a mix of opportunities and challenges. The poverty rate of 26.9% is a concern, but the health insurance coverage of 89.5% suggests a level of employment stability, which is further supported by top industries like Transportation & Warehousing, & Utilities, and Manufacturing.
How does the city's ethnic diversity and industry landscape impact real estate demand?
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The city's top ethnicities, including White (48.3%) and White Non-Hispanic (48.2%), indicate a relatively homogeneous population, but the presence of various industries such as Manufacturing and Public Administration suggests a diverse economic base. This diversity, combined with a foreign-born rate of 1.4%, could support a stable demand for housing, especially considering the average commute time of 21.2 minutes and the prevalence of drove alone and carpooled commute methods.
What are the implications of Leitchfield's housing market for real estate investors?
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With a median property value of $83,000 and median property taxes of $1,289, Leitchfield's housing market offers relatively affordable investment opportunities. The homeownership rate of 52.3% and rent as a percentage of income of 32.1% indicate a balanced market, while the median gross rent of $633 suggests potential for rental income. However, the poverty rate of 26.9% and GINI coefficient of 0.478 imply that investors should carefully assess tenant quality and market stability.
How do quality-of-life metrics, such as commute times and health insurance coverage, influence market stability in Leitchfield?
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The average commute time of 21.2 minutes and top commute methods of drove alone, carpooled, and worked at home suggest a city with manageable transportation options, contributing to a relatively stable quality of life. Furthermore, the health insurance coverage rate of 89.5% indicates a level of employment security and access to healthcare, which can positively impact tenant reliability and overall market stability, especially when considered alongside the city's top industries and ethnic diversity.
What role do education and income inequality play in assessing Leitchfield's real estate investment potential?
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The high school graduation rate of 82.2% and bachelor's degree or higher rate of 12.1% provide insight into the educational attainment of the population, which can influence income levels and, by extension, housing demand. Additionally, the GINI coefficient of 0.478, indicating moderate income inequality, and the poverty rate of 26.9% should be considered in consideration of the median household income of $26,325, as these factors collectively impact the affordability and attractiveness of the housing market for both owners and renters.
Leitchfield KY Real Estate & City Facts
Key facts and real estate information about Leitchfield KY.
What are some of the best neighborhoods to live in Leitchfield?
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I couldn't find specific information about the best neighborhoods to live in Leitchfield, but it's always a good idea to research local schools, crime rates, and community amenities when choosing a neighborhood.
What are some fun things to do in Leitchfield?
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Leitchfield has a lot to offer, including the Leitchfield Aquatic Center, Moutardier Resort And Marina, Jack Thomas House, and Grayson County, Ky Historical Society. You can also check out the city's parks, playgrounds, and lakes for outdoor activities.
What is the food scene like in Leitchfield?
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I couldn't find specific information about the food scene in Leitchfield, but there are likely local restaurants and cafes that serve a variety of cuisines. You can try searching online for reviews and recommendations to find the best places to eat.
What are the pros and cons of living in Leitchfield?
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The pros of living in Leitchfield include its small-town charm, outdoor recreational opportunities, and community events. However, the cons may include limited job opportunities and a lower median household income compared to other cities. It's always a good idea to weigh the pros and cons carefully and consider factors like cost of living, education, and healthcare when deciding where to live.
Is Leitchfield a good place to live?
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Whether or not Leitchfield is a good place to live depends on your individual preferences and priorities. If you value a close-knit community, outdoor activities, and a slower pace of life, Leitchfield may be a great fit. However, if you're looking for a more urban lifestyle with a wider range of job opportunities and cultural amenities, you may want to consider other options.
⭐ 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 Leitchfield KY Commercial Property: $26,325
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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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