Waggaman, LA Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Waggaman, Louisiana Market population: 10K. Compare commercial properties across all major asset classes with...
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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 Waggaman LA Properties: 0.8300%
⭐ 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 Waggaman LA
Common questions from investors exploring commercial real estate in Waggaman LA.
What's the overall investment potential of Waggaman, LA, considering its demographics and economy?
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Waggaman's diverse population, with Black, White, and White Non-Hispanic communities, and a foreign born rate of 2.5%, presents a unique investment opportunity. The city's median household income of $34,299, combined with a poverty rate of 25.7% and a health insurance coverage of 91.8%, suggests a working-class market with some employment stability, making it an attractive location for affordable housing investments.
How does the local economy impact the real estate market in Waggaman, LA?
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The top industries in Waggaman, including Manufacturing, Transportation & Warehousing, and Finance & Insurance, contribute to a relatively stable employment market, with 3,971 employed individuals. This, coupled with a median property value of $122,800 and a homeownership rate of 70.5%, indicates a strong demand for housing, making it an attractive location for real estate investors seeking rental income and property appreciation.
What are the key quality-of-life factors that investors should consider when evaluating Waggaman, LA as a potential market?
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The average commute time of 28.6 minutes, with top commute methods including driving alone, carpooling, and working from home, suggests a relatively convenient and flexible transportation network. Additionally, the high health insurance coverage rate of 91.8% and a low uninsured population rate of 8.2% contribute to a stable and healthy community, making it an attractive location for investors seeking to attract high-quality tenants.
How does the ethnic diversity and cultural landscape of Waggaman, LA impact the local real estate market?
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The city's diverse ethnic landscape, with a majority Black population and significant White and White Non-Hispanic communities, presents a unique cultural dynamic. This diversity, combined with a relatively low foreign born rate of 2.5% and a high homeownership rate of 70.5%, suggests a strong sense of community and stability, making it an attractive location for investors seeking to tap into the local market and capitalize on the city's cultural heritage.
What are the potential risks and challenges that investors should be aware of when considering Waggaman, LA as a potential market?
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The poverty rate of 25.7% and a GINI coefficient of 0.426 suggest some level of income inequality, which may impact the local rental market and property values. Additionally, the relatively low median household income of $34,299 and a high percentage of renters paying more than 30% of their income on rent may indicate some affordability challenges, making it essential for investors to carefully evaluate the local market and develop strategies to mitigate these risks.
Waggaman LA Real Estate & City Facts
Key facts and real estate information about Waggaman LA.
What are some of the best neighborhoods to live in Waggaman?
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Some of the best neighborhoods to live in Waggaman include the west parts of the city, which tend to be more desired, while more affordable homes can be found in the east regions. Neighborhoods like Bellemeade in Gretna and the area around John Ehret HS are also decent and affordable.
What are some fun things to do in Waggaman?
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There are plenty of fun things to do in Waggaman, including visiting the nearby Bayou Segnette State Park, which offers outdoor adventure like camping, nature trails, and a wave pool. You can also explore the Westwego Historical Museum, go on a swamp tour, or enjoy some fishing in Jean Lafitte.
What is the food scene like in Waggaman?
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The food scene in Waggaman is delicious, with popular restaurants like Mosca's Restaurant, which serves up Italian cuisine, and Ribmaster Soulfood And BBQ, which offers tasty soul food and BBQ. There are also plenty of great food trucks and other eateries to try in the area.
What are the pros and cons of living in Waggaman?
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The pros of living in Waggaman include its affordable home prices, various styles of homes, and a B-rated school district. However, some cons include a higher poverty rate and a lower median household income compared to other areas. Additionally, some residents may find the commute time to be a challenge.
Is Waggaman a good place to live?
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Waggaman can be a good place to live for those who are looking for an affordable and diverse community with a mix of outdoor activities and cultural attractions. While it may have its challenges, the area has a lot to offer, from its delicious food scene to its nearby state parks and historic museums. Ultimately, whether Waggaman is a good place to live depends on your individual priorities and preferences.
⭐ 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 Waggaman LA Commercial Property: $34,299
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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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