Burley, ID Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Burley, Idaho Market population: 11K. Compare commercial properties across all major asset classes with...
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⭐ 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
📊 Avg Property Tax Rate For Burley ID Properties: 0.4500%
📊 Average Income For Burley ID Commercial Property: $43,419
Investor Questions For Burley ID
Common questions from investors exploring commercial real estate in Burley ID.
What's the overall investment potential of Burley, ID, considering its demographic and economic factors?
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The city's median household income of $43,419, combined with a poverty rate of 14.1% and a high health insurance coverage rate of 86.2%, suggests a relatively stable market with a mix of working-class and more affluent residents. The top industries, including Healthcare & Social Assistance and Manufacturing, also indicate a diverse economy, while the 18.4-minute average commute time and high rate of carpooling and working from home suggest a convenient and flexible lifestyle for residents.
How does the ethnic diversity and foreign-born population impact the local real estate market in Burley, ID?
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The city's ethnic diversity, with 73.1% White, 24.3% Hispanic or Latino, and 1.4% American Indian or Alaska Native, contributes to a vibrant cultural scene, which can attract businesses and residents alike. Additionally, the 15.6% foreign-born population may drive demand for rental properties, particularly in areas with easy access to employment opportunities in the top industries, such as Healthcare & Social Assistance and Retail Trade.
What are the key factors influencing the quality of life for residents in Burley, ID, and how might this impact investment decisions?
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The average commute time of 18.4 minutes, combined with a high health insurance coverage rate of 86.2% and a relatively low poverty rate of 14.1%, suggests a high quality of life for residents. This, in turn, can lead to increased demand for housing, as residents are more likely to stay and invest in the area, making it an attractive market for real estate investors looking for stable, long-term returns.
How does the local economy, including the top industries and employment rate, affect the real estate investment landscape in Burley, ID?
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The diverse economy, with top industries including Healthcare & Social Assistance, Retail Trade, and Manufacturing, provides a stable foundation for employment and growth. The employed population of 4,419 and a median household income of $43,419 also indicate a relatively strong local economy, which can support a healthy rental market and attract businesses, making it an attractive option for investors looking to capitalize on a mix of residential and commercial opportunities.
What role do housing market factors, such as median property value and homeownership rate, play in determining the investment potential of Burley, ID?
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The median property value of $143,400 and a homeownership rate of 70.3% suggest a relatively affordable and stable housing market. When combined with the city's demographic factors, such as a median age of 31.4 and a poverty rate of 14.1%, these housing market factors indicate a potential for long-term appreciation in property values, making Burley, ID an attractive option for investors looking to balance rental income with potential for future growth.
Burley ID Real Estate & City Facts
Key facts and real estate information about Burley ID.
What are some of the best neighborhoods to live in Burley?
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Some of the best neighborhoods to live in Burley include Mountain Heights, which is a quiet and family-friendly area, and the southeast parts of the city, which tend to be more desirable and have higher home values. Additionally, the southwest regions of Burley offer more affordable housing options.
What are some fun things to do in Burley?
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There are plenty of fun things to do in Burley, including visiting the Storybook Park, exploring the Snake River Waterfront, and checking out the Cassia County Historical Museum. You can also golf at the River's Edge Golf Club, go hiking or biking in the nearby mountains, or visit the Pomerelle Ski Resort for some skiing and snowboarding.
What is the food scene like in Burley?
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The food scene in Burley is diverse and offers a range of options, including Mexican cuisine at Aguilar Con El Taco, pizza and subs at Papa Kelsey's, and American comfort food at Polo's Cafe. There are also plenty of great food trucks and local eateries to try, such as The Boathouse and Edith's Café.
What are the pros and cons of living in Burley?
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The pros of living in Burley include its affordability, quality of life, and access to outdoor recreation opportunities. However, some cons include the limited job market and career advancement opportunities, as well as the potential for extreme weather conditions. Overall, Burley is a great place to live for those who value a small-town atmosphere and easy access to nature.
Is Burley a good place to live?
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Burley can be a great place to live for the right person. It offers a unique blend of small-town charm and outdoor recreation opportunities, and the community is known for being friendly and welcoming. However, it may not be the best fit for everyone, particularly those who are looking for a more urban or fast-paced lifestyle. Ultimately, whether or not Burley is a good place to live depends on your individual priorities and preferences.
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