Melville, LA Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Melville, Louisiana Market population: 20K. Explore income-producing properties with verified cap rates and operating...
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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 Melville NY Properties: 2.1000%
⭐ 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 Melville NY
Common questions from investors exploring commercial real estate in Melville NY.
What makes Melville, NY an attractive location for real estate investment?
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The combination of a high median household income of $114,877, a low poverty rate of 4.3%, and a diverse economy with top industries in manufacturing, finance, and real estate suggests a stable and growing market. Additionally, the high health insurance coverage rate of 98.3% and relatively short average commute time of 31.3 minutes indicate a strong quality of life for residents. The ethnic diversity, with a mix of White, White Non-Hispanic, and Asian populations, also contributes to a vibrant and attractive community.
How does the local economy impact the real estate market in Melville, NY?
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The employed population of 8,709 and top industries in manufacturing, finance, and real estate contribute to a strong and diverse economy, which can support a stable and growing real estate market. The median property value of $643,600 and median property taxes of $5,886 also suggest a high-demand market with a strong potential for appreciation. Furthermore, the GINI coefficient of 0.484 indicates a relatively low level of income inequality, which can contribute to a more stable and equitable community.
What are the key factors to consider when evaluating the quality of life in Melville, NY?
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The average commute time of 31.3 minutes, top commute methods of driving alone, working at home, and public transit, and high health insurance coverage rate of 98.3% all contribute to a strong quality of life in Melville, NY. Additionally, the high homeownership rate of 86.7% and median age of 45.1 suggest a stable and established community. The combination of these factors indicates a desirable location for residents and a potential for long-term investment growth.
How does the demographic diversity of Melville, NY impact the real estate market?
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The ethnic diversity of Melville, NY, with a mix of White, White Non-Hispanic, and Asian populations, contributes to a vibrant and attractive community. The foreign-born rate is not available, but the diversity of the population suggests a welcoming and inclusive environment. The combination of this diversity with a strong economy, high median household income, and low poverty rate creates a unique and attractive market for real estate investment.
What are the potential risks and opportunities for real estate investment in Melville, NY?
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The potential risks for real estate investment in Melville, NY include the relatively high median property value of $643,600 and median property taxes of $5,886, which may impact cash flow and investment returns. However, the opportunities include a strong and diverse economy, high median household income, and low poverty rate, which can support a stable and growing market. The high health insurance coverage rate and strong quality of life also contribute to a desirable location for residents and a potential for long-term investment growth.
Melville NY Real Estate & City Facts
Key facts and real estate information about Melville NY.
What are some of the best neighborhoods to live in Melville?
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Some of the best neighborhoods to live in Melville include Rollingwood, which is known for its peaceful atmosphere and easy freeway access, and Dix Hills, which is a desirable area with a highly rated school district. Other neighborhoods like The Club at Melville offer upscale living with well-maintained homes and beautiful golf courses. Additionally, areas in the west parts of the city tend to be more desired, while the northwest regions offer more affordable homes.
What are some fun things to do in Melville?
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There are plenty of fun things to do in Melville, including visiting the White Post Animal Farm, which features a variety of animals, magic and comedy shows, and a primate enrichment barn. You can also explore the Long Island Karting Experience, play axe throwing at NY Axe Throwing Range, or enjoy the outdoors at one of the many nearby state parks. For a more relaxing experience, take a stroll through the beautiful gardens and historic mansions in the area.
What is the food scene like in Melville?
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The food scene in Melville is diverse and exciting, with a range of restaurants to suit every taste. For a high-end dining experience, try Blackstone Steakhouse or Cirella's Restaurant, which offer top-quality steak and seafood. For a more casual meal, head to The Refuge or Rustic Root, which serve up delicious pub fare and craft beers. There are also plenty of great food trucks and delis in the area, such as Gemini and Suburban Eats, which offer a quick and tasty bite.
What are the pros and cons of living in Melville?
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One of the major pros of living in Melville is its highly rated school district, which makes it an attractive option for families. The area is also known for its beautiful parks and outdoor spaces, as well as its convenient location near major highways. However, some cons of living in Melville include the high cost of living, with expensive housing and taxes. Additionally, traffic in the area can be heavy, especially during rush hour. Overall, Melville is a great option for those who value a high quality of life and are willing to pay for it.
Is Melville a good place to live?
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Melville is a great place to live for those who value a high quality of life, good schools, and a convenient location. While it can be expensive, the area offers a unique blend of urban convenience and suburban peace, making it an attractive option for families and professionals alike. With its beautiful parks, diverse food scene, and wide range of activities and attractions, Melville has something to offer everyone. However, it's worth considering the high cost of living and traffic in the area 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 Melville NY Commercial Property: $114,877
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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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