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Gloucester Point, VA Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Gloucester Point, Virginia Market population: 10K. Browse multifamily, office, retail, industrial, and mixed-use investment...

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⭐ Featured

Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset

$1,375,000
Philadelphia Multifamily

Discover a prime investment opportunity at 1531 Green St in Philadelphia, PA, a dynamic multifamily property offering co...

Cap Rate %
NOI $0
Size 6,624 SF

πŸ“Š Avg Property Tax Rate For Gloucester Point VA Properties: 1.2700%

πŸ“Š Average Income For Gloucester Point VA Commercial Property: $53,358

Investor Questions For Gloucester Point VA

Common questions from investors exploring commercial real estate in Gloucester Point VA.

What's the overall investment potential of Gloucester Point, VA? +
With a median household income of $53,358 and a relatively low poverty rate of 9.4%, Gloucester Point presents a stable investment market, further supported by its high health insurance coverage rate of 93.9% and a diverse economy led by manufacturing, public administration, and finance industries.
How does the local economy impact rental demand? +
The top industries in Gloucester Point, including manufacturing and public administration, contribute to a stable employment market, which, combined with the area's low poverty rate of 9.4% and high health insurance coverage of 93.9%, suggests a reliable tenant base with a median commute time of 27.2 minutes, indicating convenient access to workplaces.
What role does ethnic diversity play in the local real estate market? +
The ethnic diversity of Gloucester Point, with a population that is 45.8% White and 4.2% Black, among other groups, contributes to a vibrant community, and when considered alongside the area's top industries and low poverty rate of 9.4%, it suggests a market with potential for consistent demand and a relatively stable quality of life, as also reflected in the high homeownership rate of 70.2%.
How do quality of life metrics influence market stability? +
The average commute time of 27.2 minutes and high health insurance coverage rate of 93.9% in Gloucester Point indicate a good quality of life, which, when combined with the low poverty rate of 9.4% and the presence of stable industries like manufacturing and public administration, suggests a stable market with reliable tenants and potentially lower vacancy rates, making it an attractive location for real estate investment.
What are the implications of the local demographic and economic data for real estate investors? +
Considering Gloucester Point's median property value of $227,500, median property taxes of $2,892, and a homeownership rate of 70.2%, alongside its diverse economy and low poverty rate of 9.4%, investors can anticipate a relatively stable market with potential for appreciation, especially given the area's ethnic diversity, high employment rate, and good quality of life metrics such as health insurance coverage and commute times.

Gloucester Point VA Real Estate & City Facts

Key facts and real estate information about Gloucester Point VA.

What are some of the best neighborhoods to live in Gloucester Point? +
Some of the best neighborhoods to live in Gloucester Point include the waterfront area, which offers beautiful views and a quiet atmosphere. According to NeighborhoodScout, Gloucester Point has relatively fewer families with younger children, and/or college students, making it a pretty quiet place to live. You can also consider the area around Gloucester Blueways, which is great for boating, or Gloucester Point Beach Park, which is a dream for hikers, bikers, and sunbathing enthusiasts.
What are some fun things to do in Gloucester Point? +
There are plenty of fun things to do in Gloucester Point, including visiting the Rosewell Ruins, Machicomoco State Park, Beaverdam Park, and Gloucester Point Beach Park. You can also explore the Yorktown Victory Monument, Yorktown Battlefield Visitor Center, and Timeless Treasures. If you're looking for something more adventurous, you can try kayaking or paddleboarding in the area.
What is the food scene like in Gloucester Point? +
The food scene in Gloucester Point is diverse and delicious, with a range of restaurants serving everything from seafood to Italian cuisine. Some popular spots include York River Oyster Company, Eggheads Diner, YROC COASTAL BAR & GRILL, and Nick's Spaghetti & Steak House. There are also plenty of great food trucks and casual eateries to try, such as Anna's Pizzeria and Bangkok Noi.
What are the pros and cons of living in Gloucester Point? +
The pros of living in Gloucester Point include its beautiful waterfront location, quiet atmosphere, and range of outdoor activities to enjoy. However, some cons include the limited job opportunities and higher cost of living compared to other areas in Virginia. Additionally, the area can be prone to flooding and hurricanes, which may be a concern for some residents.
Is Gloucester Point a good place to live? +
Overall, Gloucester Point is a great place to live for those who value a quiet, waterfront lifestyle and are willing to compromise on job opportunities and cost of living. The area offers a range of outdoor activities, a diverse food scene, and a strong sense of community, making it an attractive option for families, retirees, and individuals looking for a relaxed pace of life.
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