Astoria, SD Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Astoria, South Dakota Market population: 10K. 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 Astoria OR Properties: 0.7100%
⭐ 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 Astoria OR
Common questions from investors exploring commercial real estate in Astoria OR.
What's the overall investment potential of Astoria, OR, considering its demographics and economy?
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Astoria's population of 9,518, with a median age of 40.3 and median household income of $42,143, suggests a stable market. The poverty rate of 15.5% is somewhat mitigated by an employed population of 4,294 and a health insurance coverage rate of 89.5%, indicating a degree of employment stability and access to healthcare, which can contribute to a more reliable tenant base.
How does the ethnic diversity and industry mix in Astoria impact real estate demand?
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The city's ethnic diversity, with top ethnicities being White (45.7%), White Non-Hispanic (41.7%), and Hispanic (6.2%), alongside its foreign-born rate of 4.8%, suggests a culturally rich environment. This, combined with top industries like Transportation & Warehousing, & Utilities, and Manufacturing, indicates a potential for a diverse and robust demand for housing, driven by a mix of local and possibly immigrant workers in these sectors.
What are the implications of Astoria's commute times and health insurance rates for real estate investors?
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The average commute time of 17.1 minutes, with top commute methods including driving alone, working from home, and carpooling, points to a relatively convenient and flexible transportation situation, which can enhance the quality of life for residents. When combined with a high health insurance coverage rate of 89.5%, this suggests a stable and healthy population, which is beneficial for maintaining consistent rental income and property values.
How do poverty rates and income inequality affect the rental market in Astoria?
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Astoria's poverty rate of 15.5% and a GINI coefficient of 0.46 indicate some level of income inequality. However, the median household income of $42,143 and an employed population of 4,294 suggest that there is a working-class demographic that could support a rental market, especially when considering the relatively high health insurance coverage rate, which implies a level of employment stability and access to healthcare among potential tenants.
What insights can be gleaned from Astoria's housing market and quality of life metrics for investment decisions?
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The median property value of $248,800 and median property taxes of $2,083, set against a backdrop of a 50.8% homeownership rate, suggest a housing market with potential for both rental income and property appreciation. When combined with quality of life metrics like an average commute time of 17.1 minutes and a high health insurance coverage rate of 89.5%, Astoria appears to offer a desirable living environment, which can support long-term investment viability and attractiveness to a wide range of tenants.
Astoria OR Real Estate & City Facts
Key facts and real estate information about Astoria OR.
What are some of the best neighborhoods to live in Astoria?
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Some of the best neighborhoods to live in Astoria include the area around 34th-38th Streets between 34th and 28th Avenues, which is generally quieter. Additionally, the area around Ditmars and Astoria Park is also a popular choice, offering better vibes and a quick commute to Midtown Manhattan.
What are some fun things to do in Astoria?
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There are plenty of fun things to do in Astoria, including visiting the Astoria Column, taking a ride on the Astoria Riverfront Trolley, and exploring the Astoria-Megler Bridge. You can also check out the Goonies House, a famous filming location, and enjoy the city's five-mile River Walk.
What is the food scene like in Astoria?
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The food scene in Astoria is diverse and thriving, with a wide range of restaurants serving different cuisines. Some popular spots include Taverna Kyclades for Greek food, Astoria Seafood for a hybrid seafood market and Greek restaurant experience, and JBC Rice Noodles Ramen and Dumplings for Asian cuisine. There are also plenty of great food trucks and markets to explore.
What are the pros and cons of living in Astoria?
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The pros of living in Astoria include its diverse and thriving food scene, plenty of fun things to do, and a quick commute to Midtown Manhattan. However, some cons include the fact that it can be noisy and crowded, and parking can be a challenge. Additionally, the cost of living in Astoria may be higher than in other areas of the city.
Is Astoria a good place to live?
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Overall, Astoria is a great place to live for those who value diversity, good food, and a lively atmosphere. While it may have some drawbacks, such as noise and crowds, the pros outweigh the cons for many people. With its convenient location, rich history, and plenty of things to do, Astoria is a popular choice for young professionals, families, and long-time residents alike.
⭐ 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 Astoria OR Commercial Property: $42,143
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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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