Lenoir City, TN Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Lenoir City, Tennessee Market population: 9K. Explore income-producing properties with verified cap rates and...
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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 Lenoir City TN Properties: 0.6000%
⭐ 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 Lenoir City TN
Common questions from investors exploring commercial real estate in Lenoir City TN.
What's the overall investment potential of Lenoir City, TN, considering its demographics and economy?
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Lenoir City's median household income of $33,726 and poverty rate of 22.6% suggest a working-class market, while its 85.6% health insurance coverage indicates a level of employment stability, making it a viable option for investors looking for affordable housing opportunities with a relatively stable tenant base.
How does the city's ethnic diversity and industry landscape impact market demand for real estate investments?
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The city's diverse population, with top ethnicities including White, White Non-Hispanic, and Hispanic, combined with its strong industries in Construction, Professional Services, and Public Administration, suggests a steady demand for housing, driven by a mix of local workers and families, which can support rental yields and property appreciation.
What are the implications of Lenoir City's commute times and transportation options for real estate investors?
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The average commute time of 25.4 minutes, with top commute methods including driving alone, carpooling, and working from home, indicates a relatively convenient and flexible transportation network, which can enhance the attractiveness of properties to potential tenants and support higher rental incomes, especially in areas with easy access to major employment centers.
How do the city's poverty rate, health insurance coverage, and homeownership rate interact to influence the quality of tenants and property values?
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The combination of a 22.6% poverty rate, 85.6% health insurance coverage, and 57.4% homeownership rate in Lenoir City suggests a complex market where investors need to balance the potential for affordable housing demand with the risks associated with lower-income households, while the health insurance coverage and homeownership rate provide some assurance of a stable and invested community, which can positively impact property values and tenant quality.
What role do the city's income inequality, as measured by the Gini coefficient, and its top occupations play in shaping the real estate investment landscape?
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Lenoir City's Gini coefficient of 0.444 indicates a moderate level of income inequality, which, combined with top occupations in Management, Business, Science, and Arts, suggests a market with a mix of higher- and lower-income households, offering opportunities for investors to cater to different segments, from affordable housing to more upscale properties, depending on the location and amenities, thus supporting a diverse and resilient real estate market.
Lenoir City TN Real Estate & City Facts
Key facts and real estate information about Lenoir City TN.
What are some of the best neighborhoods to live in Lenoir City?
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Some of the best neighborhoods to live in Lenoir City include Forest Heights, which is a peaceful and family-friendly neighborhood. Other desirable areas tend to be in the northwest parts of the city, while more affordable homes are in the north regions. Additionally, neighborhoods like Farragut are also popular among residents.
What are some fun things to do in Lenoir City?
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There are plenty of fun things to do in Lenoir City, such as visiting the Lenoir City Park, Fort Loudon Marina, and the Lenoir City Museum. You can also explore the East Tennessee Axe Throwing facility or take a stroll along the East Lakeshore Trail. For families, the Central Park Playground & Splashpad is a great spot to spend the day.
What is the food scene like in Lenoir City?
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The food scene in Lenoir City is diverse and exciting, with a range of restaurants to choose from. Some popular spots include Calhoun's, The Burgers, and Donna's Diner. For a taste of Italy, Fork & Vine is a great option, and for a quick bite, Big Fish Outfitters has a little cafe inside. There are also plenty of great food trucks and local eateries to explore.
What are the pros and cons of living in Lenoir City?
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The pros of living in Lenoir City include its peaceful and family-friendly atmosphere, outdoor recreation opportunities, and a range of community events. However, some cons include the limited job opportunities and a higher poverty rate compared to other cities. Additionally, traffic can be a issue in certain areas, but overall, Lenoir City is a great place to live for those who value a close-knit community and a relaxed pace of life.
Is Lenoir City a good place to live?
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Overall, Lenoir City is a great place to live for those who value a peaceful and family-friendly atmosphere, outdoor recreation opportunities, and a range of community events. While it may have its drawbacks, the city's strong sense of community and natural beauty make it an attractive option for many people. With its mix of affordable and luxury housing options, Lenoir City is a great choice for families, retirees, and young professionals alike.
⭐ 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 Lenoir City TN Commercial Property: $33,726
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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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