Greensburg, KY Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Greensburg, Kentucky Market population: 14K. Compare commercial properties across all major asset classes with...
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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 Greensburg PA Properties: 2.7950%
⭐ 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 Greensburg PA
Common questions from investors exploring commercial real estate in Greensburg PA.
What's the overall investment outlook for Greensburg, PA, considering its demographics and economy?
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With a median household income of $44,697 and a poverty rate of 15.1%, Greensburg presents a mixed bag for investors, but its high health insurance coverage of 95.5% and relatively low average commute time of 24.4 minutes suggest a stable workforce, which is beneficial for rental properties, especially given the dominant industries like Health Care & Social Assistance and Manufacturing.
How does the ethnic diversity and industry landscape in Greensburg impact real estate demand?
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The city's ethnic diversity, led by a predominantly White population (93.1%), alongside a significant Black or African American community (3.4%), contributes to a diverse rental market, while top industries such as Health Care & Social Assistance, Retail Trade, and Manufacturing drive demand for housing, indicating a potential for stable occupancy rates, especially with a foreign-born rate of 2.3% that could attract investors looking for diverse tenant bases.
What are the implications of Greensburg's housing market statistics for real estate investors?
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The median property value of $123,400, combined with a median property tax of $2,833 and a homeownership rate of 53.2%, suggests a relatively affordable market for investors, with potential for appreciation, especially considering the city's commute dynamics, where 84.2% of residents drive alone and 4.2% work from home, indicating flexibility and convenience that could attract tenants.
How does the quality of life in Greensburg, including health insurance coverage and commute times, affect its attractiveness to investors?
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The high health insurance coverage rate of 95.5% and the average commute time of 24.4 minutes in Greensburg suggest a high quality of life, which can lead to a more stable and attractive rental market, as tenants are likely to prioritize these factors, making properties in the area more competitive, especially when coupled with the city's top occupations in Management, Business, Science, & Arts, which could indicate a professional and stable tenant base.
What insights can be gleaned from Greensburg's economic inequality and poverty rate for real estate investment strategies?
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The GINI coefficient of 0.442, indicating moderate income inequality, and a poverty rate of 15.1%, suggest that Greensburg has a working-class demographic, but the employed population of 6,811 and the high health insurance coverage rate of 95.5% point towards employment stability, which is crucial for consistent rental income, making it essential for investors to target properties that cater to this demographic, potentially focusing on affordable housing solutions.
Greensburg PA Real Estate & City Facts
Key facts and real estate information about Greensburg PA.
What are some of the best neighborhoods to live in Greensburg?
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Some of the best neighborhoods to live in Greensburg include Southwest, Hutch, Eastern Estates, Underwood, Shogan, and Hillcrest. Each neighborhood has its own distinct character, and some areas like Southwest and Hutch are considered more affordable, while others like Eastern Estates and Underwood offer a more suburban feel.
What are some fun things to do in Greensburg?
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There are plenty of fun things to do in Greensburg, including visiting the Palace Theatre, Westmoreland Mall, and the Westmoreland Museum of American Art. You can also explore Twin Lakes Park, Westmoreland County Courthouse, and the Westmoreland Fairgrounds. If you're looking for something to do with friends, consider checking out the Big Mac Museum in Irwin or attending an event at the Westmoreland Museum of American Art.
What is the food scene like in Greensburg?
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The food scene in Greensburg is diverse and offers a range of options, from fine dining to casual eateries. Some popular restaurants include Olives And Peppers, 3 Stone Merchant, Oliver's Pourhouse, and Back to the 80's. You can also find a variety of bars and restaurants in the downtown area, such as 3 Natives, Badges Bar and Grill, and El Diablo Brewing Co. + Wood Fired Kitchen. There are also plenty of great food trucks and local favorites to try.
What are the pros and cons of living in Greensburg?
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The pros of living in Greensburg include its small-town charm, affordable housing, and easy access to outdoor recreation. However, some cons include the city's limited job opportunities and a higher poverty rate compared to other areas. Additionally, some neighborhoods may be considered run-down, but overall, Greensburg is a nice town with a lot to offer. It's worth noting that the city is working to revitalize its downtown area and attract new businesses and residents.
Is Greensburg a good place to live?
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Overall, Greensburg is a good place to live, offering a unique blend of small-town charm and access to amenities. While it may have its challenges, the city has a lot to offer, from its historic downtown area to its outdoor recreation opportunities. With its affordable housing and growing food scene, Greensburg is definitely worth considering for those looking to relocate to the area. However, as with any city, it's essential to weigh the pros and cons and consider factors like job opportunities, education, and healthcare before making a decision.
⭐ 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 Greensburg PA Commercial Property: $44,697
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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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