La Follette, TN Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in La Follette, Tennessee Market population: 7K. Explore income-producing properties with verified cap rates and...
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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 La Follette TN Properties: 0.3000%
⭐ 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 La Follette TN
Common questions from investors exploring commercial real estate in La Follette TN.
What's the overall investment potential of La Follette, TN, considering its demographics and economy?
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La Follette's 30.8% poverty rate and $21,631 median household income suggest a challenging market, but the 88% health insurance coverage and 21.8-minute average commute time indicate a relatively stable workforce, which could be attractive for investors targeting affordable housing or workforce development projects, particularly in the transportation and public administration sectors.
How does the city's ethnic diversity and industry mix impact demand for real estate investments?
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The city's diverse population, with 48.8% White and 1.2% Hispanic, combined with top industries like transportation and wholesale trade, suggests a potential for demand in housing and commercial properties, especially if investments cater to the needs of these industries and the local workforce, such as affordable housing or logistics facilities.
What are the implications of La Follette's commute times and health insurance coverage for real estate investors?
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The 21.8-minute average commute time and 88% health insurance coverage rate in La Follette indicate a relatively stable and healthy workforce, which is beneficial for investors, as it suggests lower turnover rates and more reliable rental income, making the city more attractive for investments in residential properties or developments that cater to the local workforce.
How do poverty rates and homeownership rates in La Follette affect the rental market and investment strategies?
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La Follette's 30.8% poverty rate and 42.8% homeownership rate suggest a significant rental market, with potential for investments in affordable housing or rental properties, particularly if targeted towards low-income households or workforce housing, which could be supported by local initiatives or partnerships with public administration and social services.
What role do the city's top industries and commute methods play in assessing market stability and potential for real estate investments?
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The dominance of transportation, public administration, and wholesale trade industries in La Follette, combined with the prevalence of driving alone and carpooling as commute methods, indicates a relatively stable economy with potential for growth in logistics and transportation-related real estate investments, such as warehouses or distribution centers, which could benefit from the city's strategic location and infrastructure.
La Follette TN Real Estate & City Facts
Key facts and real estate information about La Follette TN.
What are some of the best neighborhoods to live in La Follette?
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Some of the best neighborhoods to live in La Follette include La Follette/City, which is known for its peaceful and quiet atmosphere. Other neighborhoods like Clinton are also popular, with a population of around 10,217 people. It's worth noting that the area has a strong sense of community, with many residents praising the local spirit and amenities.
What are some fun things to do in La Follette?
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There are plenty of fun things to do in La Follette, including visiting Norris Lake, which offers beautiful scenery and outdoor activities. You can also explore the Chapman Hill Winery, or check out the Lonas Young Memorial Park. If you're looking for something more adventurous, you can rent a boat from one of the many marinas in the area and enjoy the lake. Additionally, the nearby town of Jacksboro has some great attractions, including the Campbell County Historical Society.
What is the food scene like in La Follette?
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The food scene in La Follette is surprisingly vibrant, with a range of local restaurants serving up delicious dishes. Katie's Restaurant is a popular spot, known for its burgers and friendly service. You can also find great catfish and Philly cheesesteak at Leonz House of Steak & Subs. If you're looking for something a bit different, Seven Loaves Kitchen is a highly-recommended spot for a unique dining experience. There are also plenty of great food trucks and caterers in the area, including Judy's Grocery, which is a hidden gem in the heart of LaFollette.
What are the pros and cons of living in La Follette?
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One of the pros of living in La Follette is the strong sense of community, with many residents praising the local spirit and amenities. The area is also known for its natural beauty, with plenty of outdoor activities to enjoy. However, one of the cons is that the area can be a bit quiet, with limited nightlife and entertainment options. Additionally, some residents have noted that the local job market can be limited, with lower median household incomes compared to other areas. Despite these challenges, many residents love living in La Follette and appreciate its unique charm and character.
Is La Follette a good place to live?
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Overall, La Follette can be a great place to live for those who value a strong sense of community and natural beauty. While it may not have all the amenities and entertainment options of a larger city, it has a unique charm and character that many residents love. With its peaceful atmosphere, outdoor activities, and friendly locals, La Follette is definitely worth considering for those looking for a more relaxed pace of life. However, it's worth doing your research and weighing up the pros and cons 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 La Follette TN Commercial Property: $21,631
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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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