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Highland Springs, VA Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Highland Springs, Virginia Market population: 16K. Compare commercial properties across all major asset classes...

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Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset

$1,375,000
Philadelphia Multifamily

Discover a prime investment opportunity at 1531 Green St in Philadelphia, PA, a dynamic multifamily property offering co...

Cap Rate %
NOI $0
Size 6,624 SF

πŸ“Š Avg Property Tax Rate For Highland Springs VA Properties: 0.8300%

πŸ“Š Average Income For Highland Springs VA Commercial Property: $41,382

Investor Questions For Highland Springs VA

Common questions from investors exploring commercial real estate in Highland Springs VA.

What's the overall investment potential of Highland Springs, VA, considering its demographics and economy? +
Highland Springs, VA, with a population of 16,133 and a median age of 34.9, presents a unique investment opportunity, especially given its top industries in Public Administration, Manufacturing, and Finance & Insurance, which can drive demand for housing. The city's median household income of $41,382 and a poverty rate of 17.4% suggest a mixed economic profile, but the high health insurance coverage rate of 88.6% indicates a level of employment stability. This stability, combined with the average commute time of 23.3 minutes, primarily driven by individuals who drive alone, suggests a relatively stable market for investors.
How does the ethnic diversity and foreign-born rate impact the real estate market in Highland Springs? +
The ethnic diversity in Highland Springs, with Black residents making up 56.7% of the population, followed by White and White Non-Hispanic residents, contributes to a culturally rich community. The relatively low foreign-born rate of 3.4% might suggest a more stable, locally-driven market. This diversity, coupled with top industries like Public Administration and Manufacturing, can lead to a robust demand for housing, making it an attractive location for real estate investment, especially considering the median property value of $151,700 and the homeownership rate of 58.9%.
What are the implications of the poverty rate and health insurance coverage for real estate investors in Highland Springs? +
The 17.4% poverty rate in Highland Springs, while significant, is somewhat mitigated by the high health insurance coverage rate of 88.6%, indicating that a substantial portion of the population has access to employment benefits, which can contribute to rental stability. This combination suggests a working-class market with some level of employment security, which can be beneficial for investors looking for consistent rental income, especially in a city with a median household income of $41,382 and a GINI coefficient of 0.393, suggesting a moderate level of income inequality.
How do commute patterns and quality of life factors influence the attractiveness of Highland Springs for real estate investment? +
The average commute time of 23.3 minutes in Highland Springs, with the majority driving alone, indicates relatively easy access to employment centers, which can enhance the quality of life for residents and attract potential renters. Additionally, the health insurance coverage rate of 88.6% and the high school graduation rate of 85.2% suggest a community with a focus on well-being and education, making it an appealing location for families and individuals alike, thereby supporting a stable real estate market with a median property value of $151,700.
What role do top industries and the employment population play in assessing the investment potential of Highland Springs? +
The top industries in Highland Springs, including Public Administration, Manufacturing, and Finance & Insurance, provide a foundation for employment stability, with 7,674 employed individuals contributing to the local economy. This employment base, combined with the median household income of $41,382 and the poverty rate of 17.4%, suggests that there is a demand for housing that can support real estate investment, especially considering the city's relatively low average commute time and high health insurance coverage rate, which together indicate a stable and attractive market for investors.

Highland Springs VA Real Estate & City Facts

Key facts and real estate information about Highland Springs VA.

What are some of the best neighborhoods to live in Highland Springs? +
Some of the best neighborhoods to live in Highland Springs, VA are the central parts of the city, with median house prices in Highland Springs being around $151,700. Neighborhoods like S Holly Ave are considered to be one of the best places to live, with an affordability score of 82 and a friendliness score of 4.5. Other neighborhoods like Short Pump and Biotech And MCV District are also popular, with a population of around 27,385 and 17.6 miles from Highland Springs.
What are some fun things to do in Highland Springs? +
There are plenty of fun things to do in Highland Springs, VA. You can visit the Virginia Capital Trail, a 52-mile cycle way that connects Jamestown and Richmond, or check out the Shops at White Oak Village. If you're looking for something more adventurous, you can head to Wonderland, a dive bar with a 4.4-star rating on Yelp, or visit the Taylor Farm Park, which has a 4.6-star rating on Yelp. Other attractions include the Omni Homestead Resort and Warm Springs Pools, which are within a short drive from Highland Springs.
What is the food scene like in Highland Springs? +
The food scene in Highland Springs, VA is diverse and exciting. You can find a range of restaurants, from seafood to Italian, and from casual eateries to fine dining establishments. Some popular restaurants in the area include 9 Mile Grill, Backwoodz, Jersey Girl's Kitchen, and Fat Boys Bar and Grill. There are also plenty of great food trucks and cafes to choose from, such as Die By Fry and Cobra Burger. If you're looking for a unique dining experience, you can try The Local at Forest & Ridge, which serves elevated comfort food and craft cocktails.
What are the pros and cons of living in Highland Springs? +
The pros of living in Highland Springs, VA include its affordable housing, with a median property value of $151,700, and its convenient location, with a short drive to Richmond and other nearby cities. The area also has a range of amenities, including parks, restaurants, and shops. However, some cons of living in Highland Springs include its limited job opportunities, with a poverty rate of 17.4%, and its high crime rate, with some areas being considered sketchy. Additionally, the area has a limited number of good restaurants and entertainment options, which may be a drawback for some people.
Is Highland Springs a good place to live? +
Overall, Highland Springs, VA is a good place to live, with its affordable housing, convenient location, and range of amenities. However, it's essential to consider the pros and cons, including the limited job opportunities and high crime rate. If you're looking for a quiet and affordable place to live, with easy access to Richmond and other nearby cities, Highland Springs may be a good choice for you. But if you're looking for a more vibrant and diverse community, with a range of job opportunities and entertainment options, you may want to consider other areas.
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