Bluefield, WV Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Bluefield, West Virginia 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 Bluefield WV Properties: 0.6800%
⭐ 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 Bluefield WV
Common questions from investors exploring commercial real estate in Bluefield WV.
What's the overall investment potential of Bluefield, WV, considering its demographics and economy?
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With a median household income of $34,223 and a poverty rate of 20.8%, Bluefield's market is characterized by a mix of working-class and low-income households, but the 90.7% health insurance coverage and 18.5-minute average commute time suggest a relatively stable employment environment, which could support rental demand from industries like Transportation & Warehousing and Public Administration.
How does the city's ethnic diversity and industry mix impact real estate demand?
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The diverse population, with 41.5% White, 41.1% White Non-Hispanic, and 13.4% Black, combined with top industries like Educational Services and Health Care & Social Assistance, indicates a steady demand for housing, particularly from professionals and families working in these sectors, which could drive up median property values of $73,900 and support a relatively high homeownership rate of 63.5%.
What are the implications of Bluefield's commute patterns and health insurance coverage for real estate investors?
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The short average commute time of 18.5 minutes, primarily by driving alone or carpooling, and the high health insurance coverage rate of 90.7%, suggest a population with access to employment opportunities and a relatively high quality of life, which could contribute to a stable and attractive rental market, especially for properties with convenient access to major transportation routes and employment centers.
How do poverty rates and income inequality affect the local real estate market in Bluefield?
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The poverty rate of 20.8% and a GINI coefficient of 0.503 indicate significant income inequality, which may impact the affordability and demand for certain types of housing, but the relatively low median property taxes of $3,105 and the presence of industries like Public Administration could help mitigate these effects and support a mix of affordable and market-rate housing options.
What role do demographics like age and employment play in shaping Bluefield's real estate investment landscape?
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With a median age of 45.2 and an employed population of 4,334, Bluefield's market is likely to be influenced by the needs and preferences of working-age individuals and families, including those in the 41.5% White and 13.4% Black populations, which could drive demand for housing types like single-family homes and apartments, particularly in areas with easy access to employment centers and amenities like those in the Transportation & Warehousing and Educational Services sectors.
Bluefield WV Real Estate & City Facts
Key facts and real estate information about Bluefield WV.
What are some of the best neighborhoods to live in Bluefield?
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Some of the best neighborhoods to live in Bluefield include Falcon Landing, which is known for its peaceful and friendly atmosphere, and the areas off College Ave, which are considered to be nicer and more desirable. Other neighborhoods like Bluefield West are also popular, with some residents praising the area for being little nicer than Bluefield and having minimal problems with the HOA.
What are some fun things to do in Bluefield?
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There are plenty of fun things to do in Bluefield, including visiting the Bluefield City Park, which features a playground, miles of trails, and tennis courts. The East River Mountain Overlook is also a popular attraction, offering stunning views of the surrounding area. Additionally, visitors can check out the Gary Bowling's House of Art, the Lotito City Park, and the Bluefield Plaza Shopping Center, which has over 60 stores and restaurants.
What is the food scene like in Bluefield?
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The food scene in Bluefield is diverse and offers a range of options, including the Mercer Street Grill, which is a must-visit destination for foodies. Other popular restaurants include Big Bite Restaurant, Valley Country Restaurant, Campestre Mexican Bar and Grill, and Yummi Japan. The area is also known for its local eats, including pepperoni rolls, which are the unofficial state food of West Virginia.
What are the pros and cons of living in Bluefield?
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The pros of living in Bluefield include its peaceful and friendly neighborhoods, outdoor recreational opportunities, and a range of dining options. However, the area also has its challenges, including a higher poverty rate and limited job opportunities. Additionally, some residents have reported issues with the HOA in certain neighborhoods. Overall, Bluefield can be a great place to live for those who value a close-knit community and outdoor activities, but it may not be the best fit for everyone.
Is Bluefield a good place to live?
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Bluefield can be a good place to live for those who are looking for a peaceful and friendly community with outdoor recreational opportunities. The area has a lot to offer, including a range of dining options and attractions like the Bluefield City Park and the East River Mountain Overlook. However, it's essential to weigh the pros and cons and consider factors like job opportunities and poverty rates before making a decision. Ultimately, whether Bluefield is a good place to live depends on individual preferences and priorities.
⭐ 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 Bluefield WV Commercial Property: $34,223
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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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