New Port Richey East, FL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in New Port Richey East, Florida Market population: 15K. Explore income-producing properties with verified cap...

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Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127

$2,450,000

Miami Multifamily (Condo)

Discover a prime investment opportunity at 136 NW 26th St in Miami, Florida. This Class B multifamily condo property, bu...

Cap Rate %

NOI $0

Size 30,000 SF

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📊 Avg Property Tax Rate For New Port Richey East FL Properties: 1.0300%

📊 Average Income For New Port Richey East FL Commercial Property: $30,204

Investor Questions For New Port Richey East FL

Common questions from investors exploring commercial real estate in New Port Richey East FL.

What's the overall investment potential of New Port Richey, FL? +

With a median household income of $30,204 and a poverty rate of 18.5%, New Port Richey presents a mixed bag for investors, but the 83.7% health insurance coverage and 25.8-minute average commute time suggest a relatively stable workforce, which could be attractive for rental properties, especially given the top industries in Information, Finance, and Public Administration.

How does the ethnic diversity and industry mix impact market demand? +

The city's diversity, with top ethnicities including White, White Non-Hispanic, and Hispanic, combined with its strong presence of industries like Information, Finance & Insurance, and Public Administration, indicates a potential for a diverse and stable tenant base, which is further supported by the 55.9% homeownership rate and $68,900 median property value.

What are the implications of the poverty rate and health insurance coverage for tenant quality? +

The 18.5% poverty rate, although a concern, is somewhat mitigated by the 83.7% health insurance coverage, suggesting that many residents have access to employment benefits, which could imply a more reliable tenant base, especially when considering the $30,204 median household income and the average commute time of 25.8 minutes.

How does the commute time and method impact the quality of life for residents and potential tenants? +

The average commute time of 25.8 minutes, with top commute methods including driving alone, working from home, and carpooling, indicates a manageable commute that contributes to a decent quality of life, which, combined with the city's median property value of $68,900 and median property taxes of $3,509, makes it an attractive location for both homeowners and renters.

What role does income inequality play in the real estate investment landscape of New Port Richey? +

The GINI coefficient of 0.469 suggests a moderate level of income inequality, which, when considered alongside the $30,204 median household income and 18.5% poverty rate, indicates that investors should be cautious but also recognize the potential for a wide range of housing needs, from affordable to higher-end properties, particularly given the diverse top industries and ethnicities in the area.

New Port Richey East FL Real Estate & City Facts

Key facts and real estate information about New Port Richey East FL.

What are some of the best neighborhoods to live in New Port Richey East? +

Some of the best neighborhoods to live in New Port Richey East include Embassy Hills, which is known for its affordability and friendliness. Other desirable areas tend to be in the central parts of the city, while more affordable homes are in the southwest regions. Median house prices in New Port Richey vary, but overall, the city offers a range of options for different budgets and preferences.

What are some fun things to do in New Port Richey East? +

New Port Richey East offers a variety of activities and attractions. For outdoor enthusiasts, there's Sims Park, which features a riverfront setting with walking paths and a playground. The James E. Grey Preserve is another great spot for nature lovers. If you're looking for something more adventurous, you can head to the nearby Clearwater Beach or visit the famous Busch Gardens. The city also has a charming downtown area with award-winning restaurants, shops, and bars.

What is the food scene like in New Port Richey East? +

The food scene in New Port Richey East is diverse and exciting. You can find everything from fresh seafood at Get Hooked Bar & Grill to delicious ramen and curry at Rooster Thai Sushi. Other highly-recommended spots include Brix 33, Central Park Family Restaurant, and Estuary. There are also plenty of great food trucks and unique dining experiences to explore in the area.

What are the pros and cons of living in New Port Richey East? +

Living in New Port Richey East has its pros and cons. On the plus side, the city offers a range of affordable housing options, a beautiful natural setting, and a growing downtown area with plenty of amenities. However, some areas of the city may have higher crime rates, and traffic can be a issue in certain parts of town. Additionally, the city's economy is still recovering from past challenges, which may impact job opportunities and local businesses. Overall, it's essential to weigh the advantages and disadvantages carefully before deciding if New Port Richey East is the right fit for you.

Is New Port Richey East a good place to live? +

Whether or not New Port Richey East is a good place to live depends on your individual priorities and preferences. If you're looking for an affordable, laid-back community with plenty of outdoor activities and a growing downtown area, New Port Richey East may be an excellent choice. However, if you're concerned about crime rates or job opportunities, you may want to consider other options. Ultimately, it's crucial to visit the city, talk to locals, and get a feel for the area before making a decision.

New Port Richey East, FL Commercial Investment Properties for Sale

Don’t just search properties. See why investors choose REI Capital.

Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127

📊 Avg Property Tax Rate For New Port Richey East FL Properties: 1.0300%

📊 Average Income For New Port Richey East FL Commercial Property: $30,204

Investor Questions For New Port Richey East FL

New Port Richey East FL Real Estate & City Facts

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