Picnic Point, WA Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Picnic Point, Washington Market population: 9K. Compare commercial properties across all major asset classes...
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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 Picnic Point WA Properties: 0.7000%
⭐ 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 Picnic Point WA
Common questions from investors exploring commercial real estate in Picnic Point WA.
What's the overall investment outlook for Picnic Point, WA?
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With a median household income of $90,922 and a low poverty rate of 4.7%, Picnic Point presents a stable investment market, further reinforced by its high health insurance coverage of 92.4% and relatively short average commute time of 28 minutes, indicating a reliable and healthy workforce.
How does the local economy impact real estate demand?
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The top industries in Picnic Point, including Finance & Insurance, and Real Estate & Rental & Leasing, suggest a strong demand for housing, especially considering the area's ethnic diversity with 41.6% White and 8.4% Asian populations, which can attract a wide range of professionals and families, thus supporting the local real estate market.
What are the key factors influencing property values in Picnic Point?
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The median property value of $343,000, combined with a median property tax of $2,401 and a high homeownership rate of 78.3%, indicates a valuable and sought-after housing market, which is further enhanced by the area's low poverty rate and high employment rate, suggesting stable property appreciation over time.
How does the commute and transportation infrastructure affect the quality of life for residents?
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The average commute time of 28 minutes, along with the prevalence of driving alone, working from home, and carpooling as top commute methods, suggests that residents enjoy a relatively convenient and flexible transportation situation, which, coupled with the high health insurance rate of 92.4%, contributes to an overall high quality of life and thus supports a stable and attractive housing market.
What role does ethnic diversity and income inequality play in the investment potential of Picnic Point?
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The diversity of the population, with significant White and Asian communities, alongside an income inequality GINI coefficient of 0.335, suggests a balanced and potentially vibrant community, which, when considered alongside the low poverty rate of 4.7% and high median household income of $90,922, indicates a market with strong demand for quality housing and potential for long-term investment growth.
Picnic Point WA Real Estate & City Facts
Key facts and real estate information about Picnic Point WA.
What are some of the best neighborhoods to live in Picnic Point?
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Some of the best neighborhoods to live in Picnic Point, WA, include the area around Picnic Point Park, which offers a tranquil and scenic setting, and the Lake Ballinger neighborhood, which is great for families. Additionally, the Esperance neighborhood is also a nice area, although it has poor police service due to being unincorporated.
What are some fun things to do in Picnic Point?
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There are plenty of fun things to do in Picnic Point, WA, including visiting Picnic Point Park, which offers a beach and scenic views of the Puget Sound. You can also check out the nearby Marina Beach Park and Meadowdale Beach Park, or go on a fishing charter. If you're looking for something to do with kids, Picnic Point Park is a great option, with plenty of space to run around and play.
What is the food scene like in Picnic Point?
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The food scene in Picnic Point, WA, is quietly building a reputation for itself, with a range of restaurants and eateries to choose from. You can find everything from cozy Italian eateries and sushi spots to poke bars and Persian restaurants. There are also plenty of great food trucks and outdoor dining options in the area, including Swing Wine Bar and Pellegrino's Italian Kitchen.
What are the pros and cons of living in Picnic Point?
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The pros of living in Picnic Point, WA, include its scenic location on the shores of the Puget Sound, its tranquil and peaceful atmosphere, and its range of outdoor recreational activities. However, some cons include the limited parking at Picnic Point Park, which can be a challenge on weekends, and the fact that some areas of the neighborhood have poor police service due to being unincorporated.
Is Picnic Point a good place to live?
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Overall, Picnic Point, WA, is a great place to live, offering a unique blend of natural beauty, outdoor recreational activities, and a growing food scene. While it may have some challenges, such as limited parking and poor police service in some areas, the pros definitely outweigh the cons. If you're looking for a peaceful and scenic place to call home, Picnic Point is definitely worth considering.
⭐ 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 Picnic Point WA Commercial Property: $90,922
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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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