Martinsville, NJ Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Martinsville, New Jersey Market population: 14K. Browse multifamily, office, retail, industrial, and mixed-use investment...
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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 Martinsville VA Properties: 0.5600%
⭐ 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 Martinsville VA
Common questions from investors exploring commercial real estate in Martinsville VA.
What's the overall investment potential of Martinsville, VA, considering its demographics and economy?
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Martinsville's median household income of $28,116, combined with a poverty rate of 24.6% and a relatively high health insurance coverage of 87.2%, suggests a stable yet challenging market for investors. The city's diverse population, with top ethnicities including White, Black, and White Non-Hispanic, and a foreign-born rate of 2.6%, indicates a potential for cultural and economic growth. The top industries, such as Finance & Insurance and Public Administration, also contribute to the city's economic stability.
How does the city's commute time and transportation infrastructure impact the quality of life for residents and potential renters?
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The average commute time of 17.8 minutes in Martinsville, with top commute methods including driving alone, carpooling, and working from home, suggests a relatively convenient and flexible transportation infrastructure. This, combined with a health insurance coverage rate of 87.2% and a median age of 43.5, indicates a decent quality of life for residents, which can attract potential renters and support a stable rental market.
What are the implications of the city's poverty rate and income inequality for real estate investors?
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The poverty rate of 24.6% and a GINI coefficient of 0.512 in Martinsville indicate significant income inequality, which can impact the affordability and stability of the rental market. However, the city's median property value of $86,800 and median property taxes of $3,220, combined with a homeownership rate of 55.3%, suggest opportunities for investors to provide affordable housing options and capitalize on the demand for rental properties.
How does the ethnic diversity and industry mix in Martinsville impact the demand for housing and real estate investment opportunities?
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The city's ethnic diversity, with a mix of White, Black, and White Non-Hispanic populations, and a foreign-born rate of 2.6%, can contribute to a vibrant and culturally rich community, attracting businesses, residents, and investors. The top industries, including Finance & Insurance, Wholesale Trade, and Public Administration, also drive demand for housing and commercial properties, presenting opportunities for real estate investors to cater to the needs of a diverse and growing population.
What are the key factors investors should consider when evaluating the potential return on investment in Martinsville's real estate market?
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Investors should consider the city's median household income of $28,116, poverty rate of 24.6%, and health insurance coverage of 87.2% when assessing the potential for rental income and property appreciation. Additionally, the average commute time of 17.8 minutes, top commute methods, and median property value of $86,800 should be evaluated in the context of the city's overall quality of life, economic stability, and growth prospects to determine the potential return on investment in Martinsville's real estate market.
Martinsville VA Real Estate & City Facts
Key facts and real estate information about Martinsville VA.
What are some of the best neighborhoods to live in Martinsville?
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Some of the best neighborhoods to live in Martinsville, VA include Uptown Martinsville, which features a variety of home styles and prices, and other areas with lower crime rates and higher quality of life. You can find more information about the best neighborhoods in Martinsville on websites like AreaVibes, Homes.com, and BestNeighborhood.org.
What are some fun things to do in Martinsville?
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Martinsville, VA has a lot to offer when it comes to things to do. You can visit the Martinsville Speedway, the Virginia Museum of Natural History, or beautiful Philpott Lake. The city also has an art garden, the Gravely-Lester Art Garden, which is a partnership between the Piedmont Arts and the City of Martinsville. Additionally, you can check out the Fairy Stone State Park, Uptown Martinsville, and the Martinsville-Henry County Family YMCA for more activities and attractions.
What is the food scene like in Martinsville?
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The food scene in Martinsville, VA is diverse and exciting. You can find a variety of restaurants serving different cuisines, such as El Parral Resturant, Tad Tavern, and Hugo's Restaurant & Sports Bar. The city is also home to several cafes and bars, like the Third Bay Cafe and Walsh's Chicken. For a more upscale dining experience, you can try Tad Tavern, which offers gourmet tapas, fine wines, and craft cocktails.
What are the pros and cons of living in Martinsville?
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Living in Martinsville, VA has its pros and cons. On the one hand, the city has a lot to offer in terms of outdoor activities, cultural attractions, and a growing food scene. On the other hand, the city has a higher poverty rate and lower median household income compared to other areas. However, the cost of living in Martinsville is relatively low, and the city has a strong sense of community. Ultimately, whether or not Martinsville is a good fit for you will depend on your individual priorities and preferences.
Is Martinsville a good place to live?
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Martinsville, VA can be a good place to live for people who value a strong sense of community, outdoor activities, and a growing food scene. While the city has its challenges, such as a higher poverty rate and lower median household income, it also has a lot to offer in terms of quality of life. If you're looking for a smaller city with a lot of character and a relatively low cost of living, Martinsville might be worth considering. However, it's always a good idea to visit a place and get a feel for it before making a decision about whether or not to move there.
⭐ 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 Martinsville VA Commercial Property: $28,116
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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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