Booneville, KY High Income Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Booneville, Kentucky Market population: 9K. Browse multifamily, office, retail, industrial, and mixed-use investment opportunities....
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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 Booneville MS Properties: 1.4100%
⭐ 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 Booneville MS
Common questions from investors exploring commercial real estate in Booneville MS.
What's the overall investment potential of Booneville, MS, considering its demographics and economy?
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Booneville's relatively high poverty rate of 24.5% and low median household income of $26,991 suggest a challenging market, but the strong health insurance coverage of 88.4% and short average commute time of 17.3 minutes indicate a degree of employment stability and quality of life that could support rental demand, particularly in industries like Finance & Insurance and Educational Services.
How does the city's ethnic diversity and industry mix impact real estate investment demand?
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The city's diverse population, with top ethnicities including White, White Non-Hispanic, and Black, combined with its strong industries in Finance & Insurance, Educational Services, and Health Care, suggests a relatively stable demand for housing, especially considering the high homeownership rate of 63.7% and the fact that 85.6% of commuters drive alone, indicating a preference for single-family homes.
What are the implications of Booneville's commute times and health insurance coverage for real estate investors?
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The short average commute time of 17.3 minutes and high health insurance coverage rate of 88.4% imply a relatively high quality of life, which can contribute to a stable and attractive rental market, particularly when combined with the city's low median property taxes of $1,829 and median property value of $87,700, making it an affordable option for both investors and renters.
How do poverty rates and employment statistics in Booneville affect the attractiveness of real estate investments?
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While the poverty rate of 24.5% is a concern, the employed population of 2,644 and the presence of stable industries like Educational Services and Health Care suggest that there is a core of employed individuals who could form a reliable tenant base, especially when considering the relatively low unemployment rate of 7.1% and the fact that 88.4% of the population has health insurance, indicating a level of economic stability.
What role does the city's demographic profile, including age and ethnicity, play in assessing real estate investment potential?
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Booneville's median age of 28.8 and its ethnic diversity, with a significant White and Black population, suggest a potentially vibrant and growing community, which, when combined with the city's top industries and relatively high homeownership rate, indicates a market with opportunities for real estate investment, particularly in rental properties that cater to young families and professionals in the Finance, Education, and Healthcare sectors.
Booneville MS Real Estate & City Facts
Key facts and real estate information about Booneville MS.
What are some of the best neighborhoods to live in Booneville?
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Some of the best neighborhoods to live in Booneville include Lake Mohawk, which is a quiet and residential area known for its peaceful environment. Other neighborhoods like Westside City Park and Rails & Trails Museum are also popular among families and individuals alike.
What are some fun things to do in Booneville?
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There are plenty of fun things to do in Booneville, such as visiting the Westside City Park, Rails & Trails Museum, and Aloha Skate Center. You can also catch a play at the Ford theater or check out William Faulkner's home. Additionally, the city has two city parks that include ball fields, making it a great place for outdoor activities.
What is the food scene like in Booneville?
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The food scene in Booneville is diverse and offers a range of options, including American, Seafood, and Mexican cuisine. Some popular restaurants include Catfish Country, Mi Toro Mexican Restaurant, and Subway. There are also plenty of great food trucks and local eateries to try.
What are the pros and cons of living in Booneville?
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The pros of living in Booneville include its peaceful environment, outdoor recreational facilities, and a range of dining options. However, some cons include the limited job opportunities and a relatively low median household income. Overall, Booneville is a great place to live for those who value a quiet and family-friendly community.
Is Booneville a good place to live?
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Booneville is a good place to live for those who value a quiet and family-friendly community. The city offers a range of outdoor recreational facilities, a diverse food scene, and a peaceful environment. While it may have some limitations in terms of job opportunities and income, it is a great option for those who prioritize a relaxed and community-oriented lifestyle.
⭐ 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 Booneville MS Commercial Property: $26,991
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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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