Greeneville, TN Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Greeneville, Tennessee Market population: 15K. 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 Greeneville TN Properties: 0.4300%
⭐ 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 Greeneville TN
Common questions from investors exploring commercial real estate in Greeneville TN.
What's the overall investment outlook for Greeneville, TN, considering its demographics and economy?
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Greeneville's stable population of 15,062, with a median age of 42.2, combined with its top industries in Health Care & Social Assistance, Retail Trade, and Manufacturing, suggests a reliable market. The median household income of $43,419 and a poverty rate of 18.1% indicate a working-class market with potential for growth, especially given the high health insurance coverage rate of 95.1% which implies employment stability.
How does the city's commute time and transportation infrastructure impact its attractiveness to investors?
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The average commute time of 20.4 minutes in Greeneville, with 85.2% of residents driving alone and 8.1% carpooling, indicates a well-connected city with manageable traffic. This, coupled with a high health insurance rate and low poverty compared to other similar cities, makes it an attractive location for both residents and investors, suggesting a stable rental market.
What role does ethnic diversity play in the demand for real estate in Greeneville, TN?
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While Greeneville has a predominantly White population at 93.8%, the presence of Hispanic (4.1%) and other ethnic groups contributes to its diversity. This diversity, along with top industries like Health Care & Social Assistance and Manufacturing, can drive demand for housing, especially considering the city's relatively high homeownership rate of 63.2% and median property value of $143,400.
How do the poverty rate and health insurance coverage in Greeneville affect the quality of tenants and property values?
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The 18.1% poverty rate in Greeneville, although significant, is somewhat mitigated by the high health insurance coverage rate of 95.1%, suggesting that many residents have access to employment benefits. This combination can lead to a more stable tenant base, which is beneficial for investors. Additionally, the median property taxes of $714 and a median property value of $143,400 indicate a relatively affordable housing market.
What insights can be gleaned from Greeneville's economic indicators, such as the GINI coefficient and median household income, for real estate investment?
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Greeneville's GINI coefficient of 0.463, which measures income inequality, and its median household income of $43,419, provide insights into the economic stability of the area. The relatively low GINI coefficient suggests a more equal distribution of income, which, combined with the median household income, indicates a potential for consistent demand in the housing market, supported by industries like Health Care & Social Assistance and Retail Trade.
Greeneville TN Real Estate & City Facts
Key facts and real estate information about Greeneville TN.
What are some of the best neighborhoods to live in Greeneville?
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Some of the best neighborhoods to live in Greeneville include Camp Creek, Tusculum, and Greeneville. These neighborhoods offer a peaceful and natural environment, with beautiful scenery and abundant wildlife. Additionally, they have a strong sense of community, with many residents actively involved in local events and activities.
What are some fun things to do in Greeneville?
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There are plenty of fun things to do in Greeneville, including visiting the Andrew Johnson National Historic Site, exploring the Greeneville Antique Market, and checking out the local shops and restaurants on Main Street. You can also visit the Antiques on Depot, or take a stroll through the nearby parks and trails. If you're looking for something more adventurous, you can take a day trip to the nearby Country Music Hall of Fame and Museum, or visit the Grand Ole Opry.
What is the food scene like in Greeneville?
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The food scene in Greeneville is diverse and delicious, with a range of options to suit every taste and budget. Some popular restaurants include The Gathering Place, Brumley's Restaurant, and Butcher's Block, which serve up everything from classic American comfort food to gourmet cuisine. You can also find great Mexican food at El Azteca, or try some sushi at Novas. And if you're looking for a unique dining experience, be sure to check out Nicewonder Farm & Vineyards, which offers fine dining and wine tastings.
What are the pros and cons of living in Greeneville?
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The pros of living in Greeneville include its natural beauty, strong sense of community, and low cost of living. The town has a charming small-town feel, with plenty of opportunities to get involved in local events and activities. However, some cons include the limited job opportunities and slower pace of life, which may not be suitable for everyone. Additionally, the town's rural location can make it difficult to access certain amenities and services, such as public transportation and healthcare. Overall, Greeneville is a great choice for those who value a peaceful and close-knit community, but may not be the best fit for those who prefer a more fast-paced and urban lifestyle.
Is Greeneville a good place to live?
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Greeneville can be a great place to live for those who value a peaceful and natural environment, a strong sense of community, and a low cost of living. The town has a lot to offer, from its beautiful scenery and outdoor recreational opportunities to its charming small-town feel and friendly residents. However, it's not the best fit for everyone, particularly those who prefer a more urban or fast-paced lifestyle. Ultimately, whether or not Greeneville is a good place to live depends on your individual priorities and preferences. If you're looking for a relaxed and close-knit community with plenty of opportunities to get involved, Greeneville may be an excellent choice.
⭐ 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 Greeneville TN Commercial Property: $43,419
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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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