West Melbourne, FL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in West Melbourne, Florida Market population: 19K. Compare commercial properties across all major asset classes...

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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 West Melbourne FL Properties: 0.9300%

📊 Average Income For West Melbourne FL Commercial Property: $50,968

Investor Questions For West Melbourne FL

Common questions from investors exploring commercial real estate in West Melbourne FL.

What makes West Melbourne, FL an attractive market for real estate investment? +

The combination of a relatively low poverty rate of 8.5%, high health insurance coverage of 90.7%, and a strong employment market with top industries like Manufacturing and Finance & Insurance, suggests a stable and attractive market for real estate investment, with a median household income of $50,968 and a diverse population with top ethnicities including White, White Non-Hispanic, and Hispanic.

How does the commute time and transportation infrastructure impact the quality of life for residents and potential renters in West Melbourne, FL? +

The average commute time of 19.7 minutes, which is relatively short, and the top commute methods of Drove Alone, Worked At Home, and Carpooled, indicate a convenient and flexible transportation infrastructure, contributing to a high quality of life for residents and potential renters, with 90.7% health insurance coverage further supporting the stability of the market.

What are the key demographic factors that influence the demand for housing in West Melbourne, FL? +

The city's population of 18,776, with a median age of 41.6, and a diverse ethnic makeup including White, White Non-Hispanic, and Hispanic, combined with a high homeownership rate of 74.0% and a median property value of $163,100, suggest a strong demand for housing, driven by a relatively affluent and stable population with a median household income of $50,968.

How does the economic profile of West Melbourne, FL impact the potential for real estate investment? +

The city's economy, characterized by a median household income of $50,968, an employed population of 8,222, and top industries like Manufacturing and Finance & Insurance, indicates a stable and growing economy, with an income inequality GINI coefficient of 0.394 and a poverty rate of 8.5%, suggesting a favorable environment for real estate investment, with a foreign born rate of 10.2% contributing to a diverse and dynamic population.

What are the implications of the health insurance coverage and education levels on the quality and stability of the rental market in West Melbourne, FL? +

The high health insurance coverage of 90.7% and the percentage of population with a Bachelor's degree or higher of 23.4%, combined with a high school graduation rate of 88.2%, suggest a well-educated and stable population, with a low poverty rate of 8.5%, indicating a high-quality and stable rental market, with tenants likely to have stable employment and income, supporting the potential for successful real estate investment.

West Melbourne FL Real Estate & City Facts

Key facts and real estate information about West Melbourne FL.

What are some of the best neighborhoods to live in West Melbourne? +

Some of the best neighborhoods to live in West Melbourne include Suntree, Viera, and Indialantic. These areas tend to be in the southwest parts of the city and are known for their desirable homes and communities. Additionally, neighborhoods like West Melbourne and Eau Gallie are also popular choices for those looking to live in the area.

What are some fun things to do in West Melbourne? +

There are plenty of fun things to do in West Melbourne, including visiting the Max K. Rodes Park Community Center, Space Coast Field Of Dreams, and West Melbourne Community Park. You can also explore the nearby city of Melbourne and visit attractions like the Royal Botanic Gardens Victoria, City Circle Tram, and Melbourne Cricket Ground (MCG).

What is the food scene like in West Melbourne? +

The food scene in West Melbourne is diverse and offers a range of options. Some popular restaurants in the area include Crystal Buffet Hibachi & Grill, Keke's Breakfast Cafe, and Fiesta Azteca Mexican Restaurant. You can also find good food near West Melbourne at places like Hemingway's Tavern, Lamb & Co, and Melbourne Seafood Station. There are also plenty of great food trucks and upscale dining options available in the area.

What are the pros and cons of living in West Melbourne? +

The pros of living in West Melbourne include its desirable neighborhoods, outdoor recreational opportunities, and proximity to the city of Melbourne. However, some cons to consider are the potential for traffic and crowds in the area, as well as the need for a car to get around. Additionally, the cost of living in West Melbourne may be higher than in other parts of the state.

Is West Melbourne a good place to live? +

Overall, West Melbourne is a great place to live for those who value a desirable community, outdoor recreation, and proximity to city amenities. While it may have some drawbacks, the area offers a unique blend of small-town charm and big-city convenience. With its good schools, low crime rate, and plenty of things to do, West Melbourne is definitely worth considering for those looking to relocate to the area.

West Melbourne, 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 West Melbourne FL Properties: 0.9300%

📊 Average Income For West Melbourne FL Commercial Property: $50,968

Investor Questions For West Melbourne FL

West Melbourne FL Real Estate & City Facts

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