Florida Ridge, FL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Florida Ridge, Florida Market population: 17K. Explore income-producing properties with verified cap rates and...

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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 Florida Ridge FL Properties: 0.9800%

📊 Average Income For Florida Ridge FL Commercial Property: $41,174

Investor Questions For Florida Ridge FL

Common questions from investors exploring commercial real estate in Florida Ridge FL.

What is the overall investment potential of Florida Ridge, FL? +

The 11.5% poverty rate combined with 83.5% health insurance coverage and a median household income of $41,174 suggests a stable market with employment stability, while the top industries in Wholesale Trade, Finance & Insurance, and Construction indicate a diverse economy. The 19.8-minute average commute time and high homeownership rate of 79.7% also contribute to a desirable quality of life. Additionally, the median property value of $104,700 and median property taxes of $5,227 provide a relatively affordable investment opportunity.

How does the demographic diversity of Florida Ridge impact investment demand? +

The top ethnicities of White (43.1%), White Non-Hispanic (35.6%), and Black (9.4%) contribute to a diverse population, which can lead to a strong demand for housing and rentals. With a median age of 44.6 and an employed population of 7,101, the market is likely to attract a wide range of tenants and buyers. Furthermore, the GINI coefficient of 0.414 indicates a relatively low income inequality, which can contribute to a stable and attractive investment environment.

What are the key factors influencing the quality of life in Florida Ridge for investors? +

The average commute time of 19.8 minutes, top commute methods of Drove Alone, Carpooled, and Worked At Home, and health insurance coverage of 83.5% all contribute to a high quality of life in Florida Ridge. These factors, combined with a relatively low poverty rate of 11.5% and a median household income of $41,174, suggest a stable and attractive market for investors. The top industries in Wholesale Trade, Finance & Insurance, and Construction also provide a diverse economic base, supporting a strong demand for housing and rentals.

How does the housing market in Florida Ridge impact investment potential? +

The median property value of $104,700 and median property taxes of $5,227 provide a relatively affordable investment opportunity in Florida Ridge. With a homeownership rate of 79.7%, the market is likely to attract a mix of buyers and renters, supporting a strong demand for housing. Additionally, the top industries in Wholesale Trade, Finance & Insurance, and Construction contribute to a diverse economy, which can lead to a stable and attractive investment environment. The 11.5% poverty rate and 83.5% health insurance coverage also suggest a stable market with employment stability.

What are the implications of the economic and employment data for investors in Florida Ridge? +

The employed population of 7,101, median household income of $41,174, and top industries in Wholesale Trade, Finance & Insurance, and Construction all contribute to a diverse and stable economy in Florida Ridge. The GINI coefficient of 0.414 indicates a relatively low income inequality, which can contribute to a stable and attractive investment environment. With a poverty rate of 11.5% and health insurance coverage of 83.5%, the market is likely to attract a wide range of tenants and buyers, supporting a strong demand for housing and rentals. The average commute time of 19.8 minutes and top commute methods also contribute to a high quality of life, making Florida Ridge an attractive investment opportunity.

Florida Ridge FL Real Estate & City Facts

Key facts and real estate information about Florida Ridge FL.

What are some of the best neighborhoods to live in Florida Ridge? +

Some of the best neighborhoods to live in Florida Ridge include the west parts of the city, which tend to be more desired, and the northeast regions, which offer more affordable homes. According to niche.com, Florida Ridge offers residents a dense suburban feel and most residents own their homes. Some popular neighborhoods include McAnsh Park and the area around the library, which is considered one of the nicest neighborhoods on the mainland.

What are some fun things to do in Florida Ridge? +

There are plenty of fun things to do in Florida Ridge, including visiting the McKee Botanical Garden, playing a round of golf at Safari Golf and Games, or exploring the scenic pathways of the nearby beaches. You can also check out the Kilted Mermaid, a popular spot for food and drinks, or try your hand at an escape room at Escape Room Vero Beach. For some outdoor adventure, head to the Round Island 2-Hour Glass Bottom Guided Kayak Eco Tour or rent a fat tire electric bike and explore the area.

What is the food scene like in Florida Ridge? +

The food scene in Florida Ridge is vibrant and diverse, with a range of restaurants serving everything from Italian to seafood to Cuban cuisine. Some popular spots include Trattoria Dario Italian Family Restaurant, Curfew, and The Restaurants at Maison Martinique. You can also find great food at Cooper's Chop House & Seafood, Vero Prime, and River Twist Food and Wine. And for a unique dining experience, be sure to check out Chez Frenchie's or Bonefish Grill - Vero Beach.

What are the pros and cons of living in Florida Ridge? +

The pros of living in Florida Ridge include its dense suburban feel, with most residents owning their homes, and its proximity to beautiful beaches and outdoor recreational opportunities. However, some cons include the potential for traffic and congestion, particularly during peak tourist season, and the need for a car to get around, as public transportation options may be limited. Additionally, the area can be prone to hurricanes and other extreme weather events, which may be a concern for some residents.

Is Florida Ridge a good place to live? +

Overall, Florida Ridge can be a great place to live, offering a unique blend of suburban charm and access to outdoor recreation and cultural attractions. While it may have its drawbacks, the area's natural beauty, friendly community, and range of amenities make it an attractive option for many people. As with any place, it's essential to weigh the pros and cons and consider your individual needs and preferences before deciding if Florida Ridge is the right fit for you.

Florida Ridge, 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 Florida Ridge FL Properties: 0.9800%

📊 Average Income For Florida Ridge FL Commercial Property: $41,174

Investor Questions For Florida Ridge FL

Florida Ridge FL Real Estate & City Facts

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