East Ridge, TN Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in East Ridge, Tennessee Market population: 21K. Explore income-producing properties with verified cap rates and...
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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 East Ridge TN Properties: 0.7993%
⭐ 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 East Ridge TN
Common questions from investors exploring commercial real estate in East Ridge TN.
What is the overall investment potential of East Ridge, TN, considering its demographic and economic factors?
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The city's median household income of $38,998, combined with a poverty rate of 14.5% and an employed population of 10,213, suggests a relatively stable market. Additionally, the top industries, including Transportation & Warehousing and Finance & Insurance, indicate a diverse economy, while the 85.3% health insurance coverage rate and 18.3-minute average commute time suggest a high quality of life for residents.
How does the ethnic diversity and foreign-born population impact the real estate market in East Ridge, TN?
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The city's top ethnicities, including White (42.5%) and Black (6.9%), and a foreign-born rate of 4.3%, indicate a relatively homogeneous population. However, this stability, combined with a median property value of $116,900 and a homeownership rate of 56.1%, suggests a consistent demand for housing, driven by a diverse range of industries, including Public Administration and Real Estate & Rental & Leasing.
What are the key factors influencing the rental market in East Ridge, TN, and how do they impact investment decisions?
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The city's renters, making up 43.9% of the population, are likely attracted to the area's relatively low poverty rate of 14.5% and high health insurance coverage rate of 85.3%, indicating a stable and secure tenant base. Furthermore, the top commute methods, including Drove Alone and Worked At Home, suggest flexibility and convenience, which, combined with a median property taxes of $5,121, make the rental market an attractive investment opportunity.
How does the income inequality and poverty rate in East Ridge, TN, affect the quality of tenants and property values?
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The city's GINI coefficient of 0.385 and poverty rate of 14.5% suggest a relatively unequal distribution of income, which may impact tenant quality and property values. However, the employed population of 10,213 and top industries, including Finance & Insurance and Public Administration, indicate a stable economy, which, combined with a median property value of $116,900, suggests that property values are likely to remain stable or appreciate over time.
What role do commute times and health insurance coverage play in assessing the stability and attractiveness of the East Ridge, TN, real estate market?
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The city's average commute time of 18.3 minutes and top commute methods, including Drove Alone and Worked At Home, indicate a convenient and flexible transportation system, making the area attractive to residents. Additionally, the high health insurance coverage rate of 85.3% suggests a stable and secure population, which, combined with a relatively low poverty rate of 14.5%, makes the real estate market in East Ridge, TN, a stable and attractive investment opportunity.
East Ridge TN Real Estate & City Facts
Key facts and real estate information about East Ridge TN.
What are some of the best neighborhoods to live in East Ridge?
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Some of the best neighborhoods to live in East Ridge include John Ross Rd, Kingwood, Hummingbird Village, Blaney Forest, and Harris Hills. These neighborhoods offer a range of housing options and are known for their friendly atmosphere and strong sense of community.
What are some fun things to do in East Ridge?
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There are plenty of fun things to do in East Ridge, including visiting the Mercantile At The Ridge, Groome Transportation, Craft Axe Throwing, and the East Ridge Antique District. You can also explore the nearby attractions such as the Tennessee Aquarium, Rock City Gardens, and Lookout Mountain Incline Railway.
What is the food scene like in East Ridge?
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The food scene in East Ridge is diverse and offers a range of options, including Portofino's Greek And Italian Restaurant, Champy's, Home Plate Bar & Grill, and Mas Tequila. There are also plenty of great food trucks and local eateries to try.
What are the pros and cons of living in East Ridge?
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The pros of living in East Ridge include its friendly atmosphere, strong sense of community, and range of housing options. However, some cons include the limited job opportunities and higher crime rates compared to other areas. Overall, East Ridge is a great place to live for those who value a close-knit community and a relaxed pace of life.
Is East Ridge a good place to live?
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East Ridge is a good place to live for those who value a friendly atmosphere, strong sense of community, and a range of housing options. While it may have some limitations, such as limited job opportunities, it is a great choice for families and individuals who want to experience a close-knit community and a relaxed pace of life.
⭐ 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 East Ridge TN Commercial Property: $38,998
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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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