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Cherry Hill, VA Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Cherry Hill, Virginia Market population: 17K. Explore income-producing properties with verified cap rates and...

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Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset

$1,375,000
Philadelphia Multifamily

Discover a prime investment opportunity at 1531 Green St in Philadelphia, PA, a dynamic multifamily property offering co...

Cap Rate %
NOI $0
Size 6,624 SF

πŸ“Š Avg Property Tax Rate For Cherry Hill VA Properties: 71.0000%

πŸ“Š Average Income For Cherry Hill VA Commercial Property: $78,062

Investor Questions For Cherry Hill VA

Common questions from investors exploring commercial real estate in Cherry Hill VA.

What is the overall investment potential of Cherry Hill, VA, considering its demographic and economic factors? +
The 9.4% poverty rate and 87.9% health insurance coverage in Cherry Hill, VA, suggest a relatively stable market with access to employment opportunities, which is further supported by a median household income of $78,062 and a diverse economy with top industries like Public Administration and Information.
How does the ethnic diversity and commute time in Cherry Hill, VA, impact the rental market? +
The ethnic diversity, with top ethnicities including Black (35.0%), White (20.8%), and White Non-Hispanic (14.4%), contributes to a vibrant community, while the average commute time of 40.9 minutes and top commute methods like Drove Alone and Worked At Home indicate a need for convenient and flexible housing options.
What are the key factors to consider when evaluating the quality of life for potential tenants in Cherry Hill, VA? +
The combination of a relatively low poverty rate of 9.4%, high health insurance coverage of 87.9%, and average commute time of 40.9 minutes suggests a decent quality of life, which is also influenced by the median property value of $280,400 and median property taxes of $2,999.
How does the employment market and income inequality in Cherry Hill, VA, affect real estate investment? +
The employed population of 8,317 and top industries like Public Administration and Information indicate a stable employment market, while the GINI coefficient of 0.385 suggests some income inequality, which investors should consider when evaluating the potential for rental income and property appreciation.
What role do homeownership rates and commute methods play in determining the stability of the Cherry Hill, VA, real estate market? +
The homeownership rate of 59.2% and commute methods like Drove Alone, Worked At Home, and Carpooled suggest a relatively stable market with a mix of owner-occupied and rental properties, which is further supported by the median household income of $78,062 and low poverty rate of 9.4%.

Cherry Hill VA Real Estate & City Facts

Key facts and real estate information about Cherry Hill VA.

What are some of the best neighborhoods to live in Cherry Hill? +
Some of the best neighborhoods to live in Cherry Hill, VA, include the east parts of the city, which tend to be more desired, and the southwest regions, which offer more affordable homes. Neighborhoods like Cherry Hill and Dumfries are also popular for their well-kept homes, good schools, and close-knit community.
What are some fun things to do in Cherry Hill? +
There are plenty of fun things to do in Cherry Hill, VA, such as visiting the Leesylvania State Park, Neabsco Boardwalk, and Weems Botts Museum. You can also enjoy outdoor activities like hiking, biking, or playing sports at the Cherry Hill Park, which features a playground, basketball court, tennis courts, and more.
What is the food scene like in Cherry Hill? +
The food scene in Cherry Hill, VA, is diverse and offers a range of options, from fine dining to casual eateries. Some popular restaurants include 1609 Prime Cuts Cocktails, Southern Spin Kitchen, Giorgio's Family Restaurant, and El Paso Mexican Grill. There are also plenty of great food trucks and outdoor dining areas to enjoy.
What are the pros and cons of living in Cherry Hill? +
The pros of living in Cherry Hill, VA, include its peaceful and family-friendly atmosphere, good schools, and close-knit community. However, some cons include the high cost of living, traffic, and limited job opportunities in certain industries. Overall, Cherry Hill is a great place to live for those who value a suburban lifestyle and are willing to commute to nearby cities for work.
Is Cherry Hill a good place to live? +
Yes, Cherry Hill, VA, is a good place to live, offering a unique blend of suburban charm and access to urban amenities. While it may have its drawbacks, the city's strong sense of community, good schools, and outdoor recreational opportunities make it an attractive option for families and individuals alike. Ultimately, whether Cherry Hill is a good fit for you will depend on your personal preferences and priorities.
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