Milledgeville, GA Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Milledgeville, Georgia Market population: 19K. Explore income-producing properties with verified cap rates and operating...
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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 Milledgeville GA 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 Milledgeville GA
Common questions from investors exploring commercial real estate in Milledgeville GA.
What's the overall investment potential of Milledgeville, GA, considering its demographics and economy?
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Milledgeville's 42.3% poverty rate and $23,036 median household income suggest a challenging market, but the 87.4% health insurance coverage and 17.6-minute average commute time indicate some stability, with top industries like Agriculture and Manufacturing potentially driving demand.
How does the city's ethnic diversity and foreign-born population impact real estate investment?
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The city's diverse population, with 32.3% White, 31.5% White Non-Hispanic, and 30.5% Black, combined with a 2.6% foreign-born rate, may attract investors looking for culturally rich areas, and the top industries like Finance & Insurance could support a strong rental market.
What are the implications of Milledgeville's high poverty rate and low median household income for real estate investors?
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The 42.3% poverty rate and $23,036 median household income may indicate a higher-risk investment environment, but the 35.4% homeownership rate and $111,300 median property value suggest some potential for appreciation, especially considering the 17.6-minute average commute time and 87.4% health insurance coverage.
How do the city's commute times and transportation methods affect the quality of life and investment potential?
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Milledgeville's 17.6-minute average commute time, with 87.4% of residents having health insurance, suggests a relatively high quality of life, and the top commute methods like Drove Alone and Carpooled indicate a functional transportation infrastructure, which could support a stable rental market and attract investors.
What role do the top industries and occupations play in shaping the local real estate market and investment opportunities?
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The top industries like Agriculture, Forestry, Fishing & Hunting, & Mining, and Manufacturing, combined with occupations like Management and Service, may drive demand for housing, especially considering the 64.6% renters rate, and the $111,300 median property value could appreciate over time with a growing economy and relatively low poverty rate compared to other similar cities.
Milledgeville GA Real Estate & City Facts
Key facts and real estate information about Milledgeville GA.
What are some of the best neighborhoods to live in Milledgeville?
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Some of the best neighborhoods to live in Milledgeville include Golden Pond, which is a peaceful and family-friendly area with beautiful tree-lined streets. Other desirable areas tend to be in the northwest parts of the city, while more affordable homes are in the southeast regions. Hardwick and downtown Milledgeville are also popular options, with a mix of historic homes and new developments.
What are some fun things to do in Milledgeville?
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Milledgeville has a lot to offer when it comes to things to do. You can visit the Andalusia Farm, home of Flannery O'Connor, or explore the historic downtown area with its many shops and restaurants. The city also has several parks and trails, including the Tobler Creek Trail and the Bartram Forest. If you're looking for something more unique, you can take a historic trolley tour or visit the Georgia's Old Governor's Mansion. Lake Sinclair is also a popular spot for fishing and boating.
What is the food scene like in Milledgeville?
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Milledgeville has a growing food scene with a variety of options to choose from. You can find everything from fine dining restaurants like Aubri Lane's and The Club at Lake Sinclair, to casual eateries like Amici and Metropolis Cafe. The city is also home to several food trucks and festivals throughout the year, showcasing local cuisine and live music. There are also plenty of great barbecue joints and Southern-style restaurants serving up classic dishes like fried chicken and shrimp and grits.
What are the pros and cons of living in Milledgeville?
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One of the pros of living in Milledgeville is its small-town charm and historic character, with many beautiful old homes and buildings. The city also has a strong sense of community, with many festivals and events throughout the year. However, one of the cons is that the job market can be limited, and wages tend to be lower than in larger cities. Additionally, the city has a higher poverty rate and limited public transportation options. Despite these challenges, Milledgeville is a great option for those looking for a relaxed pace of life and a strong sense of community.
Is Milledgeville a good place to live?
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Milledgeville can be a great place to live for those who value a small-town atmosphere and a strong sense of community. The city has a lot to offer, from its historic downtown area to its many parks and trails. However, it may not be the best fit for everyone, particularly those looking for a more fast-paced lifestyle or higher-paying job opportunities. Ultimately, whether Milledgeville is a good place to live depends on your individual priorities and preferences. If you're looking for a relaxed pace of life, a strong sense of community, and a mix of historic charm and natural beauty, then Milledgeville may be a great choice for you.
⭐ 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 Milledgeville GA Commercial Property: $23,036
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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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