East Lake-Orient Park, FL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in East Lake-Orient Park, Florida Market population: 24K. Explore income-producing properties with verified cap rates...

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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 East Lake-Orient Park FL Properties: 0.8200%

📊 Average Income For East Lake-Orient Park FL Commercial Property: $39,139

Investor Questions For East Lake-Orient Park FL

Common questions from investors exploring commercial real estate in East Lake-Orient Park FL.

What's the overall investment potential of East Lake-Orient Park, FL, considering its demographics and economy? +

The city's median household income of $39,139, combined with a poverty rate of 20.3% and a health insurance coverage of 82.9%, suggests a working-class market with some employment stability. The presence of top industries like Wholesale Trade, Public Administration, and Information, along with a diverse population including Black, White, and White Non-Hispanic ethnicities, indicates a potential for market demand.

How does the commute time and transportation infrastructure impact the quality of life for renters in East Lake-Orient Park, FL? +

The average commute time of 22.2 minutes, with top commute methods including Drove Alone, Worked At Home, and Carpooled, indicates a relatively convenient transportation infrastructure. This, combined with a health insurance coverage rate of 82.9% and a median age of 32.2, suggests a stable and relatively healthy population, which can be attractive to renters and investors alike.

What are the implications of the city's poverty rate and income inequality for real estate investors? +

The poverty rate of 20.3% and a GINI coefficient of 0.409 suggest some level of income inequality, which may impact the affordability and stability of rental properties. However, the employed population of 10,349 and median household income of $39,139 indicate a sizable workforce, which can support a stable rental market, especially when considering the relatively low median property value of $98,200.

How does the ethnic diversity and industry mix in East Lake-Orient Park, FL, influence market demand for real estate? +

The city's ethnic diversity, with top ethnicities including Black, White, and White Non-Hispanic, can contribute to a vibrant and diverse community, which may attract a wide range of renters and buyers. The presence of top industries like Wholesale Trade, Public Administration, and Information can also drive demand for housing, particularly for workers in these sectors, and may lead to a relatively stable market.

What are the key factors to consider when evaluating the potential return on investment (ROI) for real estate in East Lake-Orient Park, FL? +

When evaluating ROI, consider the median property value of $98,200, median property taxes of $4,484, and a homeownership rate of 47.0%, which may impact rental yields and property appreciation. Additionally, factors like the poverty rate, health insurance coverage, and commute time can influence the quality and stability of tenants, while the city's industry mix and ethnic diversity can drive market demand and potentially impact long-term property values.

East Lake-Orient Park FL Real Estate & City Facts

Key facts and real estate information about East Lake-Orient Park FL.

What are some of the best neighborhoods to live in East Lake-Orient Park? +

Some of the most notable neighborhoods in East Lake-Orient Park, FL include the historic neighborhood of Orient Park, which is home to a rich history and culture. Other desired areas tend to be in the central parts of the city, while more affordable homes are in the southeast regions. Median house prices in East Lake-Orient Park vary, but it's worth exploring the different neighborhoods to find the best fit for you.

What are some fun things to do in East Lake-Orient Park? +

There are plenty of fun things to do in East Lake-Orient Park, FL. You can visit the Tampa Riverwalk, check out the Busch Gardens Tampa Bay, or explore the Florida Aquarium. If you're looking for something more low-key, you can take a stroll along Bayshore Boulevard or visit the USF Bull Statue at Tampa Riverwalk. There are also plenty of great restaurants and bars in the area, like The Outside Kitchen and The 1918.

What is the food scene like in East Lake-Orient Park? +

The food scene in East Lake-Orient Park, FL is diverse and exciting. You can find everything from seafood at Half Moon Seafood Company to Asian cuisine at Amarit Thai Restaurant. There are also plenty of great food trucks and casual restaurants, like The Outside Kitchen and Cipresso Seminole Hard Rock - Tampa. If you're looking for a unique dining experience, you can try Soul Of Korea or Campfired.

What are the pros and cons of living in East Lake-Orient Park? +

Living in East Lake-Orient Park, FL has its pros and cons. On the plus side, the area has a rich history and culture, and there are plenty of fun things to do and see. The food scene is also diverse and exciting. However, some areas of East Lake-Orient Park can be a bit rough around the edges, and the crime rate is higher than in some other parts of the city. Additionally, traffic can be a problem in some areas, especially during rush hour. Overall, it's worth weighing the pros and cons and exploring the different neighborhoods to find the best fit for you.

Is East Lake-Orient Park a good place to live? +

Whether or not East Lake-Orient Park, FL is a good place to live depends on your individual preferences and priorities. If you're looking for a diverse and exciting community with a rich history and culture, East Lake-Orient Park might be a great fit for you. However, if you're concerned about crime or traffic, you might want to explore other areas of the city. Ultimately, it's worth doing your research and visiting the area in person to get a sense of whether or not it's the right place for you.

East Lake-Orient Park, 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 East Lake-Orient Park FL Properties: 0.8200%

📊 Average Income For East Lake-Orient Park FL Commercial Property: $39,139

Investor Questions For East Lake-Orient Park FL

East Lake-Orient Park FL Real Estate & City Facts

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