Elkton, TN Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Elkton, Tennessee Market population: 16K. Explore income-producing properties with verified cap rates and operating...
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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 Elkton MD Properties: 0.9000%
⭐ 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 Elkton MD
Common questions from investors exploring commercial real estate in Elkton MD.
What's the overall investment potential of Elkton, MD, considering its demographic and economic factors?
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Elkton's median household income of $54,870, combined with a poverty rate of 18.8%, suggests a mixed market with opportunities for affordable housing investments. The city's diverse economy, led by Public Administration and Professional services, along with a relatively high health insurance coverage rate of 92.3%, indicates a stable workforce and potential for long-term rentals.
How does the city's ethnic diversity and industry landscape impact real estate demand?
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The top ethnicities in Elkton, including White, White Non-Hispanic, and Black populations, contribute to a diverse community, which can attract a wide range of businesses and residents. The presence of top industries like Finance & Insurance and Real Estate & Rental & Leasing suggests a strong demand for commercial and residential properties, particularly with the city's median property value of $217,700.
What are the implications of Elkton's commute times and transportation methods for real estate investors?
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The average commute time of 26.1 minutes in Elkton, with a majority of residents driving alone or carpooling, indicates a relatively convenient transportation network. This, coupled with a high health insurance coverage rate of 92.3% and a sizable employed population of 6,848, suggests a stable and reliable tenant base for investors, particularly those focusing on workforce housing.
How does the city's poverty rate and health insurance coverage affect the quality of tenants and property management?
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Elkton's poverty rate of 18.8%, although relatively high, is mitigated by a strong health insurance coverage rate of 92.3%, implying that many residents have access to employment opportunities and healthcare. This combination suggests a working-class market with employment stability, making it an attractive option for investors seeking long-term rental income and relatively low property management costs.
What role do the city's homeownership rate and median property taxes play in shaping the local real estate market?
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With a homeownership rate of 50.4% and median property taxes of $2,755, Elkton presents a balanced market for both homeowners and renters. The relatively high median property value of $217,700, along with the presence of top industries like Real Estate & Rental & Leasing, indicates opportunities for investors to capitalize on the city's growing demand for housing, while also considering the potential impact of property taxes on investment returns.
Elkton MD Real Estate & City Facts
Key facts and real estate information about Elkton MD.
What are some of the best neighborhoods to live in Elkton?
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Some of the best neighborhoods to live in Elkton include Patriots Glen, Walnut Hill, and North East. Patriots Glen is a well-maintained, family-friendly neighborhood with a golf course and quiet atmosphere. Walnut Hill is one of the nicest neighborhoods in Elkton, offering spacious homes. North East is also a popular choice, with a mix of old and new homes.
What are some fun things to do in Elkton?
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There are plenty of fun things to do in Elkton, including visiting the Milburn Orchards, Fairhill Scottish Games, and Detwiler's Farm. You can also explore the Big Elk Creek Covered Bridge, Cecil County Dragway, and Conowingo Dam and Hydroelectric Plant. If you're looking for outdoor activities, the Mike Castle Trail is a 12.4-mile asphalt path that connects Delaware City Marina to the Ben Cardin C&D Canal Recreational Trail at the Delaware/Maryland border.
What is the food scene like in Elkton?
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The food scene in Elkton is diverse, with a range of restaurants serving different cuisines. Some popular options include Johnnys Pizza & Grill, Sonny's Italian Market & Deli, and Vita Nova. You can also find good bar food at Hilltop, and Mick's Crab House is a great spot for seafood. There are also plenty of great food trucks and local eateries to try.
What are the pros and cons of living in Elkton?
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The pros of living in Elkton include its family-friendly neighborhoods, outdoor recreational opportunities, and a growing food scene. However, some cons include the lack of culinary diversity and limited job opportunities. Additionally, the town can be quite quiet, which may not be suitable for everyone. Overall, Elkton is a great choice for those looking for a peaceful and affordable place to live.
Is Elkton a good place to live?
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Elkton is a good place to live for those who value a peaceful and affordable lifestyle. The town has a lot to offer, from its beautiful parks and outdoor recreational opportunities to its growing food scene. While it may not be the most exciting place to live, Elkton is a great choice for families and individuals looking for a quiet and welcoming community. With its mix of old and new homes, Elkton is a great option for those looking to put down roots in a charming small town.
⭐ 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 Elkton MD Commercial Property: $54,870
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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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