Coral Terrace, FL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Coral Terrace, Florida Market population: 25K. 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 Coral Terrace FL Properties: 1.9700%

📊 Average Income For Coral Terrace FL Commercial Property: $49,289

Investor Questions For Coral Terrace FL

Common questions from investors exploring commercial real estate in Coral Terrace FL.

What is the overall investment potential of Coral Terrace, FL, considering its demographic and economic factors? +

The 14.0% poverty rate in Coral Terrace, FL, combined with an 84.8% health insurance coverage rate, suggests a relatively stable market with a notable portion of the population facing economic challenges, but with a significant percentage having access to healthcare, indicating some level of employment stability. The median household income of $49,289 and a foreign-born rate of 54.2% also point to a diverse community with potential for growth. Additionally, the top industries, including Information and Finance & Insurance, suggest a strong economic foundation.

How does the ethnic diversity and industry mix in Coral Terrace impact real estate investment? +

The ethnic diversity in Coral Terrace, with Hispanics making up 45.0% of the population, Whites at 38.7%, and 9.0% identifying as Two Or More, indicates a culturally rich and potentially vibrant community, which can attract a wide range of residents and businesses. The top industries, including Information, Finance & Insurance, and Construction, provide a solid base for employment and economic stability, making it an attractive location for real estate investment, especially considering the median property value of $243,500.

What are the implications of commute times and health insurance coverage for real estate investors in Coral Terrace? +

The average commute time of 24.8 minutes in Coral Terrace, FL, is relatively low, indicating good infrastructure and accessibility, which is beneficial for renters and can contribute to a stable rental market. When combined with the 84.8% health insurance coverage rate, it suggests a population with access to employment opportunities and healthcare, reducing the risk of investment. This stability, along with a median property tax of $4,938, makes Coral Terrace an appealing option for real estate investors.

How does the poverty rate and income inequality in Coral Terrace affect the quality of tenants and investment returns? +

The 14.0% poverty rate and a GINI coefficient of 0.459 in Coral Terrace, FL, indicate a level of income inequality and economic challenge within the community. However, when considered alongside the 84.8% health insurance coverage and median household income of $49,289, it suggests that while there are economic challenges, there is also a significant portion of the population with stable income and access to healthcare, potentially leading to more reliable tenants and stable investment returns.

What role does the homeownership rate and top commute methods play in assessing the rental market potential in Coral Terrace? +

The 65.5% homeownership rate in Coral Terrace, FL, leaves a significant portion of the population, 34.5%, as potential renters, indicating a sizable rental market. The top commute methods, with 24.8 minutes average commute time and preferences for driving alone, working at home, or carpooling, suggest flexibility and adaptability in the workforce, which can contribute to a stable and attractive rental market for investors, especially when combined with the median property value and the diverse economic base of the area.

Coral Terrace FL Real Estate & City Facts

Key facts and real estate information about Coral Terrace FL.

What are some of the best neighborhoods to live in Coral Terrace? +

Some of the best neighborhoods to live in Coral Terrace include the east parts of the city, which tend to be more desired, and the southwest regions, which offer more affordable homes. Neighborhoods like Glenvar Heights, S. Coral Terrace, Kerwood Manor, Biscayne Park, and everything west of 177th Ave are also popular.

What are some fun things to do in Coral Terrace? +

There are plenty of fun things to do in Coral Terrace, including visiting A. D. Barnes Park, taking a boat tour with Dolphin Safari Charters, or exploring the Shark Valley Tram Tours. You can also check out the Lincoln's Beard Brewing Co., Alhambra Water Tower, or Frames USA & Art Gallery. Additionally, there are several parks in the area, such as Grapeland Heights Park, Antonio Maceo Park, and Bay Of Pigs Memorial Park.

What is the food scene like in Coral Terrace? +

The food scene in Coral Terrace is diverse and offers a range of options, including Argentinian, Cuban, Mexican, Dominican, and Peruvian cuisine. Some popular restaurants in the area include Fratellino, Old's Havana Cuban Bar & Cocina, Versailles, Matsuri, and Bangkok City Thai & Seafood Restaurant. There are also plenty of great food trucks and casual eateries to try.

What are the pros and cons of living in Coral Terrace? +

The pros of living in Coral Terrace include its central location, access to good schools, and a range of housing options. However, some cons include the potential for traffic and congestion, as well as the need to be mindful of flood zones and commute times. Overall, it's a great option for those who want to be close to Miami but also have a more suburban feel.

Is Coral Terrace a good place to live? +

Coral Terrace can be a great place to live, depending on your individual needs and preferences. It offers a unique blend of urban and suburban living, with plenty of amenities and activities to enjoy. While it may not be perfect for everyone, it's definitely worth considering for those who want to be close to Miami but also have a more laid-back atmosphere.

Coral Terrace, 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 Coral Terrace FL Properties: 1.9700%

📊 Average Income For Coral Terrace FL Commercial Property: $49,289

Investor Questions For Coral Terrace FL

Coral Terrace FL Real Estate & City Facts

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