On Top of the World Designated Place, FL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in On Top of the World Designated Place, Florida Market population: 830K. Compare commercial properties...

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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 On Top of the World Designated Place FL Properties: 1.0400%

📊 Average Income For On Top of the World Designated Place FL Commercial Property: $47,557

Investor Questions For On Top of the World Designated Place FL

Common questions from investors exploring commercial real estate in On Top of the World Designated Place FL.

What is the overall investment potential of Jacksonville, FL, considering its demographics and economy? +

Jacksonville's median household income of $47,557, combined with a poverty rate of 15.9% and a high health insurance coverage of 86.8%, suggests a relatively stable market with a mix of working-class and middle-class residents. The city's diverse economy, led by industries such as Finance & Insurance, Real Estate & Rental & Leasing, and Information, supports a large employed population of 374,864, indicating a strong demand for housing. Additionally, the top ethnicities, including White, White Non-Hispanic, and Black, contribute to a culturally diverse community.

How does the city's commute time and transportation infrastructure impact the quality of life for residents and potential renters? +

The average commute time of 23.7 minutes in Jacksonville is relatively short, and the top commute methods, including driving alone, working from home, and carpooling, indicate a flexible and convenient transportation system. This, combined with a high health insurance coverage rate of 86.8% and a median age of 35.5, suggests a high quality of life for residents, making the city an attractive location for potential renters and investors. The city's infrastructure supports a strong workforce, with a large employed population of 374,864.

What are the implications of Jacksonville's poverty rate and health insurance coverage for real estate investors assessing tenant quality? +

The 15.9% poverty rate in Jacksonville, although relatively high, is mitigated by a strong health insurance coverage rate of 86.8%, indicating that many residents have access to healthcare and are likely to be employed. This combination suggests a working-class market with employment stability, which can be attractive to real estate investors looking for reliable tenants. Furthermore, the city's diverse economy and large employed population of 374,864 support a stable housing market.

How does the ethnic diversity and industry mix in Jacksonville impact market demand for real estate investors? +

The ethnic diversity in Jacksonville, with top ethnicities including White, White Non-Hispanic, and Black, contributes to a culturally rich community, which can attract a wide range of residents and support a strong demand for housing. The city's industry mix, led by Finance & Insurance, Real Estate & Rental & Leasing, and Information, creates a diverse economy that supports a large employed population and drives demand for housing. This diversity, combined with a median household income of $47,557 and a relatively low poverty rate, makes Jacksonville an attractive location for real estate investors.

What are the key factors that influence the stability of the housing market in Jacksonville, and how do they impact real estate investment decisions? +

The stability of the housing market in Jacksonville is influenced by factors such as the median property value of $146,500, median property taxes of $191,981, and a homeownership rate of 57.7%. Additionally, the city's relatively low poverty rate of 15.9%, high health insurance coverage rate of 86.8%, and short average commute time of 23.7 minutes contribute to a high quality of life and a strong demand for housing. These factors, combined with a diverse economy and a large employed population, support a stable housing market and make Jacksonville an attractive location for real estate investors.

On Top of the World Designated Place FL Real Estate & City Facts

Key facts and real estate information about On Top of the World Designated Place FL.

What are some of the best neighborhoods to live in On Top of the World Designated Place? +

Some of the best neighborhoods to live in On Top of the World Designated Place include the On Top of the World Retirement Community, which offers a range of amenities and activities for residents. Other nearby neighborhoods, such as those in Ocala, FL, also offer a variety of housing options and community amenities. For example, the neighborhood of On Top of the World in Ocala is a suburban neighborhood with a mix of single-family homes and condominiums.

What are some fun things to do in On Top of the World Designated Place? +

There are plenty of fun things to do in On Top of the World Designated Place, including visiting the many recreational amenities within the On Top of the World Communities, such as swimming pools, golf courses, and clubhouses. Residents can also attend events and activities, such as concerts, festivals, and workshops, at the community's various venues. Additionally, the nearby city of Ocala offers a range of attractions, including the World Equestrian Center, the Ocala National Forest, and the Silver Springs State Park.

What is the food scene like in On Top of the World Designated Place? +

The food scene in On Top of the World Designated Place is varied and convenient, with several restaurants and dining options available within the community. Residents can enjoy a range of cuisines, from classic American comfort food to international flavors, at the community's various restaurants and eateries. There are also plenty of great food trucks and local eateries in the nearby city of Ocala, serving up everything from Southern barbecue to fresh seafood. Some popular restaurants in the area include Brick City Southern Kitchen & Whiskey Bar and El Patron Authentic Mexican Restaurant.

What are the pros and cons of living in On Top of the World Designated Place? +

The pros of living in On Top of the World Designated Place include the community's many amenities and activities, the convenient location, and the range of housing options available. However, some cons to consider include the potential for high costs associated with living in a retirement community, the possibility of rental units being available, and the need to research and understand the community's rules and regulations. Additionally, some residents may find the community's size and layout to be overwhelming or difficult to navigate.

Is On Top of the World Designated Place a good place to live? +

Overall, On Top of the World Designated Place can be a great place to live for those looking for a convenient, amenity-rich community with a range of housing options. The community's many recreational amenities, social activities, and convenient location make it an attractive option for retirees and others looking for a relaxed, resort-style lifestyle. However, as with any community, it's essential to carefully research and consider the pros and cons before making a decision. It's also important to visit the community in person and talk to current residents to get a sense of whether it's the right fit for you.

On Top of the World Designated Place, 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 On Top of the World Designated Place FL Properties: 1.0400%

📊 Average Income For On Top of the World Designated Place FL Commercial Property: $47,557

Investor Questions For On Top of the World Designated Place FL

On Top of the World Designated Place FL Real Estate & City Facts

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