Palm River-Clair Mel, FL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Palm River-Clair Mel, Florida Market population: 22K. Browse multifamily, office, retail, industrial, and mixed-use...

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Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127

$2,450,000

Miami Multifamily (Condo)

Discover a prime investment opportunity at 136 NW 26th St in Miami, Florida. This Class B multifamily condo property, bu...

Cap Rate %

NOI $0

Size 30,000 SF

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📊 Avg Property Tax Rate For Palm River-Clair Mel FL Properties: 0.6900%

📊 Average Income For Palm River-Clair Mel FL Commercial Property: $34,570

Investor Questions For Palm River-Clair Mel FL

Common questions from investors exploring commercial real estate in Palm River-Clair Mel FL.

What is the overall investment potential of Palm River-Clair Mel, FL, considering its demographic and economic factors? +

The city's median household income of $34,570, combined with a poverty rate of 19.9% and a health insurance coverage of 82.6%, suggests a working-class market with some employment stability. The top industries, including Wholesale Trade and Finance & Insurance, indicate a diverse economy, while the 22.9-minute average commute time and high rate of driving alone suggest a need for convenient housing options.

How does the ethnic diversity and foreign-born population impact the real estate market in Palm River-Clair Mel, FL? +

The city's ethnic diversity, with 29.4% White, 25.3% Hispanic, and 15.7% White Non-Hispanic populations, and a foreign-born rate of 24.5%, may contribute to a culturally rich and dynamic community, potentially attracting businesses and residents from various backgrounds. This diversity, paired with a median property value of $105,800, could lead to a stable and growing housing market.

What are the implications of the city's commute patterns and health insurance coverage for real estate investors? +

The average commute time of 22.9 minutes and the high percentage of residents driving alone suggest that investors should focus on properties with convenient access to major transportation routes. Additionally, the 82.6% health insurance coverage rate indicates a relatively stable population, which could lead to lower tenant turnover rates and more reliable rental income.

How do the top industries in Palm River-Clair Mel, FL, influence the demand for housing and commercial properties? +

The presence of top industries such as Wholesale Trade, Finance & Insurance, and Professional, Scientific, & Management Services may drive demand for commercial properties, including office spaces and warehouses. Meanwhile, the median household income and poverty rate suggest a need for affordable housing options, potentially creating opportunities for investors to develop or renovate properties that cater to this demand.

What are the key factors that investors should consider when evaluating the potential return on investment (ROI) in Palm River-Clair Mel, FL? +

Investors should consider the city's median property value of $105,800, median property taxes of $1,389, and homeownership rate of 59.2% when evaluating potential ROI. Additionally, the poverty rate, health insurance coverage, and commute patterns can impact tenant quality and stability, while the top industries and ethnic diversity may influence market demand and appreciation rates.

Palm River-Clair Mel FL Real Estate & City Facts

Key facts and real estate information about Palm River-Clair Mel FL.

What are some of the best neighborhoods to live in Palm River-Clair Mel? +

Some of the best neighborhoods to live in Palm River-Clair Mel include the west parts of the city, which tend to be more desired, and the south regions, which offer more affordable homes. Great Palm River Point is also a popular neighborhood that balances bayside living with city energy. However, it's worth noting that some areas, such as Clair-Mel, have higher crime rates and may not be suitable for everyone.

What are some fun things to do in Palm River-Clair Mel? +

There are plenty of fun things to do in Palm River-Clair Mel, including visiting the Florida Aquarium, exploring the Tampa Riverwalk, and taking a dolphin sightseeing cruise. You can also check out the Busch Gardens Tampa Bay theme park or attend one of the many events and concerts in the area, such as the Doja Cat or BTS tours. Additionally, there are several parks and outdoor spaces, like the Bayshore Boulevard Waterfront Trail, where you can enjoy nature and recreational activities.

What is the food scene like in Palm River-Clair Mel? +

The food scene in Palm River-Clair Mel is diverse and offers a range of options, from seafood restaurants like Half Moon Seafood Company to soul food cuisine at YUPPI. You can also find French cuisine at Boulon Brasserie, Spanish food at Columbia Restaurant, and other international flavors. There are also plenty of great food trucks and local eateries, such as Ricopan Bakehouse and Azucar Sandwich Shop, that serve up delicious and unique dishes.

What are the pros and cons of living in Palm River-Clair Mel? +

The pros of living in Palm River-Clair Mel include its affordable housing options, diverse community, and access to outdoor recreational activities. However, some areas have higher crime rates, and the city may not have as many job opportunities as larger cities. Additionally, traffic and commute times can be a challenge. On the other hand, the city has a strong sense of community, with many local events and festivals, and is close to Tampa and other major cities, making it a great option for those who want to balance city and suburban living.

Is Palm River-Clair Mel a good place to live? +

Whether or not Palm River-Clair Mel is a good place to live depends on your individual preferences and priorities. If you're looking for an affordable place to live with a diverse community and access to outdoor activities, Palm River-Clair Mel may be a great option. However, if you're concerned about crime rates or want a more urban lifestyle, you may want to consider other areas. Overall, Palm River-Clair Mel offers a unique blend of suburban and city living, with many benefits and some challenges, making it a good choice for those who are willing to weigh the pros and cons and find the right fit for their lifestyle.

Palm River-Clair Mel, FL Commercial Investment Properties for Sale

Don’t just search properties. See why investors choose REI Capital.

Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127

📊 Avg Property Tax Rate For Palm River-Clair Mel FL Properties: 0.6900%

📊 Average Income For Palm River-Clair Mel FL Commercial Property: $34,570

Investor Questions For Palm River-Clair Mel FL

Palm River-Clair Mel FL Real Estate & City Facts

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