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Corry, PA Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Corry, Pennsylvania Market population: 7K. Explore income-producing properties with verified cap rates and operating...

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📊 Avg Property Tax Rate For Corry PA Properties: 2.7900%

⭐ Featured

190 Manhattan Ave, Buffalo, NY – Prime Multifamily Investment with 7.56% Cap Rate

$6,500,000
Buffalo Multifamily

Discover a compelling investment in Buffalo’s vibrant market with this 65,000-square-foot garden-style apartment prope...

Cap Rate 7.56%
NOI $491,400
Size 65,000 SF

📊 Average Income For Corry PA Commercial Property: $30,151

⭐ Featured

Prime Buffalo Multifamily Investment: 12-Unit Apartment Building with 6.16% Cap Rate

$1,750,000
Buffalo Multifamily

Discover a compelling multifamily investment opportunity in Buffalo, NY. This 12-unit apartment building, priced at $1,7...

Cap Rate 6.16%
NOI $107,842
Size 8,640 SF

Investor Questions For Corry PA

Common questions from investors exploring commercial real estate in Corry PA.

What's the overall investment potential of Corry, PA, considering its demographics and economy? +
Corry's median household income of $30,151, combined with a poverty rate of 24.7% and a high health insurance coverage of 91.0%, suggests a stable working-class market with access to employment opportunities, particularly in manufacturing and healthcare, which could support rental demand from a diverse population, including White and White Non-Hispanic residents making up 47.2% and 47.1% of the population, respectively.
How does the city's commute time and transportation infrastructure impact its attractiveness to investors? +
The average commute time of 18.8 minutes, with top commute methods being driving alone, carpooling, and walking, indicates a relatively convenient and accessible location, which, when combined with a low foreign-born rate of 1.5% and a high homeownership rate of 59.7%, suggests a stable community that could attract long-term renters and support local businesses, including those in the educational services and construction industries.
What are the implications of Corry's income inequality and poverty rate for real estate investors? +
The GINI coefficient of 0.414, indicating moderate income inequality, coupled with a poverty rate of 24.7%, suggests that investors should focus on affordable housing options that cater to the working-class population, who are likely employed in the top industries of manufacturing, construction, and healthcare, and who benefit from a relatively high health insurance coverage rate of 91.0%, reducing the risk of tenant instability.
How does the ethnic diversity of Corry, PA, influence the local real estate market and demand for different types of properties? +
The city's ethnic diversity, with White and White Non-Hispanic residents being the majority, followed by a smaller percentage of residents identifying as Two Or More ethnicities, combined with a relatively low foreign-born rate of 1.5%, suggests a stable and homogeneous community that may prefer traditional housing types, such as single-family homes, which could impact the demand for different types of properties and influence the local real estate market, particularly in areas with high homeownership rates like Corry, where 59.7% of residents own their homes.
What role do health insurance coverage and commute time play in assessing the quality of life and market stability for real estate investments in Corry, PA? +
The high health insurance coverage rate of 91.0% and the relatively short average commute time of 18.8 minutes contribute to a high quality of life in Corry, PA, which, when combined with a median property value of $71,400 and a median property tax of $1,419, suggests a stable and attractive market for real estate investments, particularly for investors focusing on affordable housing options that cater to the working-class population employed in the city's top industries, including manufacturing, construction, and healthcare.

Corry PA Real Estate & City Facts

Key facts and real estate information about Corry PA.

What are some of the best neighborhoods to live in Corry? +
Some of the best neighborhoods to live in Corry include the area around North Center St, from East Pleasant St to East Smith St, which is known for its historic downtown and cleanliness. Other areas like Fairview are also considered nice, with a good school district, but homes can be a bit pricier.
What are some fun things to do in Corry? +
There are several fun things to do in Corry, including visiting the Historical Museum, exploring the outdoors at Presque Isle State Park, and checking out the local events like the annual Christmas dance 'Under the Sea' at the Corry Chamber. You can also visit the K.C. Express and take a tour of the area.
What is the food scene like in Corry? +
The food scene in Corry is diverse, with options like Fork & Barrel, which offers a full menu and live music, and Blissful Meads, an award-winning winery and restaurant. There are also plenty of great food trucks and local cafes like Cross the Tracks cafe and Speed'eez on 6, which serve a variety of cuisines.
What are the pros and cons of living in Corry? +
The pros of living in Corry include its quiet and safe neighborhoods, historic downtown area, and outdoor recreational opportunities. However, some cons include the limited job opportunities and higher poverty rate compared to other areas. Additionally, some residents have mentioned that the town can be a bit sleepy, with not much to do at night.
Is Corry a good place to live? +
Overall, Corry can be a good place to live for those who value a quiet, small-town atmosphere and are looking for a more affordable cost of living. While it may not have all the amenities of a bigger city, it has a lot to offer in terms of community events, outdoor activities, and a strong sense of local pride. It's worth considering for families, retirees, or those who want to escape the hustle and bustle of city life.
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