Socastee, SC Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Socastee, South Carolina Market population: 19K. Explore income-producing properties with verified cap rates and...
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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 Socastee SC Properties: 0.4700%
⭐ 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 Socastee SC
Common questions from investors exploring commercial real estate in Socastee SC.
What is the overall investment potential of Socastee, SC, considering its demographics and economy?
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The city's median household income of $39,558, combined with a poverty rate of 17.4% and a relatively low GINI coefficient of 0.385, suggests a stable working-class market. The top industries, including Public Administration and Information, contribute to a diverse economy, while the 77.8% health insurance coverage rate indicates a relatively stable population. Additionally, the city's ethnic diversity, with 41.6% White, 39.2% White Non-Hispanic, and 7.6% Hispanic populations, can attract a wide range of businesses and residents.
How does the housing market in Socastee, SC, look in terms of property values and affordability?
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With a median property value of $143,800 and median property taxes of $4,515, Socastee's housing market appears relatively affordable. The 62.3% homeownership rate and average commute time of 19.8 minutes also suggest a stable and attractive environment for both homeowners and renters. Furthermore, the city's foreign-born rate of 4.8% and top commute methods, including driving alone and carpooling, indicate a community with a mix of long-time residents and newcomers.
What are the key factors that contribute to the quality of life in Socastee, SC, and how might they impact real estate investment?
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The average commute time of 19.8 minutes, top commute methods, and 77.8% health insurance coverage rate all contribute to a high quality of life in Socastee. The city's relatively low poverty rate of 17.4% and high school graduation rate of 85.2% also suggest a stable and educated population. These factors, combined with the city's diverse economy and affordable housing market, make Socastee an attractive location for real estate investment.
How does the ethnic diversity of Socastee, SC, impact the local real estate market and investment potential?
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The city's ethnic diversity, with a mix of White, White Non-Hispanic, and Hispanic populations, can attract a wide range of businesses and residents, contributing to a vibrant and dynamic local economy. The foreign-born rate of 4.8% also suggests a community that is open to newcomers and diverse perspectives. This diversity, combined with the city's stable economy and affordable housing market, makes Socastee an attractive location for real estate investment, particularly for investors looking to capitalize on the growing demand for diverse and inclusive communities.
What are the implications of Socastee, SC's, economic and demographic trends for real estate investors looking to capitalize on rental yields and property appreciation?
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The city's median household income of $39,558, poverty rate of 17.4%, and GINI coefficient of 0.385 suggest a stable working-class market with opportunities for rental yields. The top industries, including Public Administration and Information, contribute to a diverse economy, while the 77.8% health insurance coverage rate indicates a relatively stable population. Additionally, the city's affordable housing market, with a median property value of $143,800, and relatively low property taxes, make it an attractive location for real estate investors looking to capitalize on property appreciation and rental yields.
Socastee SC Real Estate & City Facts
Key facts and real estate information about Socastee SC.
What are some of the best neighborhoods to live in Socastee?
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Some of the best neighborhoods to live in Socastee include the west parts of the city, which tend to be more desired, and the south regions, which offer more affordable homes. According to Best Neighborhoods, the most desired areas are in the west, while Niche lists Socastee as a good place to live. Additionally, Data USA provides information on the population and median household income of Socastee.
What are some fun things to do in Socastee?
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There are plenty of fun things to do in Socastee, such as enjoying watersports at Island Adventure Watersports, near the swing bridge, or visiting the Myrtle Beach State Park, which offers serene beaches, lush maritime forests, and diverse wildlife. You can also check out the Polynesian Fire Luau and Dinner Show Ticket in Myrtle Beach, or take a sunset sealife cruise in Murrells Inlet. For more ideas, visit the Visit Myrtle Beach website or check out Expedia's list of top things to do in Socastee.
What is the food scene like in Socastee?
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The food scene in Socastee is diverse and offers a range of options, from seafood restaurants like Captain George's Seafood Restaurant, to pizza places like Fox's Pizza Den, and American cuisine at Socastee Station. You can also find great restaurants near Socastee, such as California Dreaming in Surfside Beach, or Tupelo Honey in Myrtle Beach. For a comprehensive list, check out TripAdvisor's top restaurants in Socastee or Yelp's best restaurants near Socastee.
What are the pros and cons of living in Socastee?
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The pros of living in Socastee include its desirable neighborhoods, affordable homes, and plenty of fun things to do, such as watersports and visiting state parks. However, some cons may include the potential for traffic and crowds during peak tourist season, as well as the need for a car to get around. According to Data USA, the population of Socastee is growing, and the median household income is increasing, which may be a pro for some, but a con for others who prefer a smaller, more laid-back community.
Is Socastee a good place to live?
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Socastee can be a good place to live, depending on your personal preferences and priorities. It offers a range of desirable neighborhoods, affordable homes, and plenty of fun things to do, which may make it an attractive option for some. However, it's essential to weigh the pros and cons, considering factors such as traffic, crowds, and the need for a car, to determine if Socastee is the right fit for you. According to Niche, Socastee is a good place to live, but it's crucial to do your own research and visit the area to get a feel for the community and decide if it's the right place for you.
⭐ 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 Socastee SC Commercial Property: $39,558
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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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