Erwin, NC Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Erwin, North Carolina Market population: 6K. Explore income-producing properties with verified cap rates and...
Advertisement
12 properties found
Investor Pitch Deck
Don’t just search properties. See why investors choose REI Capital.
Before you compare every deal alone, download the REI Capital investment pitch and see our growth story, strategy, and next-step materials.
⭐ 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 Erwin TN Properties: 0.5900%
⭐ 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 Erwin TN
Common questions from investors exploring commercial real estate in Erwin TN.
What's the overall investment outlook for Erwin, TN, considering its demographics and economy?
+
Erwin's population of 6,081, with a median age of 45.0 and a diverse ethnicity mix including White, White Non-Hispanic, and Hispanic populations, presents a unique market. The city's median household income of $27,237, combined with a poverty rate of 24.7% and a high health insurance coverage rate of 90.6%, suggests a working-class market with some employment stability, making it potentially viable for investors looking for affordable housing opportunities.
How does the commute time and health insurance coverage impact the quality of life for renters in Erwin, TN?
+
The average commute time of 21.2 minutes in Erwin, TN, along with the top commute methods being driving alone, carpooling, and walking, indicates a relatively convenient and accessible location for renters. Additionally, the high health insurance coverage rate of 90.6% suggests that renters may have better access to healthcare, contributing to a more stable and attractive rental market for investors.
What role do top industries play in determining market demand for real estate investments in Erwin, TN?
+
The top industries in Erwin, TN, including Manufacturing, Professional, Scientific, & Management, and Arts, Entertainment, & Recreation, suggest a diverse economic base that can support a range of housing needs. This diversity, combined with the city's foreign-born rate of 1.8% and ethnic diversity, may indicate a growing and dynamic market with potential for increased demand for housing, making it an attractive location for real estate investors.
How do poverty rates and income inequality affect the tenant quality and potential for real estate investments in Erwin, TN?
+
Erwin's poverty rate of 24.7% and a GINI coefficient of 0.44 indicate significant income inequality, which can impact tenant quality and stability. However, when considered alongside the high health insurance coverage rate of 90.6% and the median household income of $27,237, investors may find opportunities in providing affordable, quality housing that meets the needs of this working-class community, potentially leading to a loyal and stable tenant base.
What insights can be gained from the homeownership rate and median property value for real estate investment strategies in Erwin, TN?
+
The homeownership rate of 66.9% in Erwin, TN, combined with a median property value of $102,900 and median property taxes of $1,706, suggests a relatively affordable housing market. This could be an attractive feature for investors looking to purchase properties, as it may indicate lower barriers to entry and potentially higher rental yields, especially when considering the city's demographic and economic profile, including its diverse industries and commute patterns.
Erwin TN Real Estate & City Facts
Key facts and real estate information about Erwin TN.
What are some of the best neighborhoods to live in Erwin?
+
Some of the best neighborhoods to live in Erwin include Rock Creek, which is known for its affordability and family-friendly atmosphere. Other neighborhoods like Banner Hill and Unicoi are also popular, offering a mix of housing styles and community amenities. Additionally, the Boones Creek area of Johnson City has nice houses and a friendly, family-oriented suburban feel.
What are some fun things to do in Erwin?
+
Erwin has a variety of attractions and activities to enjoy, including the Nolichucky River, Rock Creek Park, and the I-26 Welcome Center. Visitors can also explore the downtown area, which features shops, restaurants, and a charming small-town atmosphere. For outdoor enthusiasts, there are opportunities for whitewater rafting, hiking, and other adventures in the surrounding Unicoi Mountains.
What is the food scene like in Erwin?
+
The food scene in Erwin is a mix of local favorites and new restaurants. The Red Fork is a popular spot for locally sourced cuisine, while Una Fetta offers a unique dining experience with a focus on community. Steel Rails Coffee House is a cozy cafe with a variety of coffee drinks and food options. There are also plenty of great food trucks and Amish restaurants in the area, such as Duckett's Produce and The Trailhead.
What are the pros and cons of living in Erwin?
+
Living in Erwin has its pros and cons. On the plus side, the city has a strong sense of community, with many family-friendly neighborhoods and outdoor recreational opportunities. The cost of living is also relatively low compared to other parts of the country. However, some residents may find the job market limited, and the city's rural location can make it difficult to access certain amenities or services. Additionally, the poverty rate in Erwin is higher than the national average, which can be a challenge for some residents.
Is Erwin a good place to live?
+
Whether or not Erwin is a good place to live depends on your individual priorities and preferences. If you value a close-knit community, outdoor recreation, and a low cost of living, Erwin may be an excellent choice. However, if you're looking for a more urban lifestyle or a wider range of job opportunities, you may want to consider other options. Overall, Erwin is a charming small town with a lot to offer, but it's essential to weigh the pros and cons carefully before making a decision.
⭐ 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 Erwin TN Commercial Property: $27,237
Advertisement
⭐ 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
Advertisement
⭐ 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
Advertisement
⭐ 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
Advertisement