Harrisonburg, LA High Income Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Harrisonburg, Louisiana Market population: 50K. Compare commercial properties across all major asset classes with...
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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 Harrisonburg VA Properties: 1.0100%
⭐ 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 Harrisonburg VA
Common questions from investors exploring commercial real estate in Harrisonburg VA.
What's the overall investment potential of Harrisonburg, VA, considering its demographics and economy?
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Harrisonburg's median household income of $38,048, combined with a poverty rate of 28.9%, suggests a mixed market with opportunities for affordable housing investments. The city's diverse population, with top ethnicities including White, White Non-Hispanic, and Hispanic, and a foreign-born rate of 9.1%, indicates a potential for cultural and economic growth. Additionally, the employed population of 21,844 and top industries like Public Administration and Professional Services point to a stable job market.
How does the city's quality of life impact its real estate market?
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The average commute time of 15.7 minutes and high health insurance coverage rate of 87.0% in Harrisonburg suggest a stable and attractive environment for residents, which can positively impact property values and rental yields. The top commute methods, including driving alone and carpooling, also indicate a well-developed transportation infrastructure. Furthermore, the city's relatively low median property taxes of $5,680 and median property value of $208,100 make it an appealing option for investors.
What are the implications of Harrisonburg's poverty rate and health insurance coverage for real estate investors?
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The 28.9% poverty rate in Harrisonburg, although relatively high, is somewhat mitigated by the 87.0% health insurance coverage rate, which suggests that many residents have access to employment opportunities and social services. This combination can lead to a more stable tenant base, as residents with health insurance are more likely to have steady income and be able to pay rent. Investors should consider this dynamic when evaluating potential investments in the city.
How does the city's ethnic diversity and industry mix influence its real estate market?
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Harrisonburg's diverse population, with significant White, White Non-Hispanic, and Hispanic communities, can drive demand for housing and commercial properties. The city's top industries, including Public Administration, Professional Services, and Finance, also contribute to a strong and stable economy, which can support real estate investments. Additionally, the presence of a sizable Hispanic population may create opportunities for culturally sensitive developments and investments.
What role do commute times and transportation options play in Harrisonburg's real estate market?
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The city's short average commute time of 15.7 minutes and variety of transportation options, including driving, carpooling, and working from home, make it an attractive location for residents and businesses. This can lead to increased demand for properties with easy access to transportation hubs and amenities, potentially driving up property values and rental yields. Investors should consider the commute patterns and transportation infrastructure when evaluating potential investments in Harrisonburg.
Harrisonburg VA Real Estate & City Facts
Key facts and real estate information about Harrisonburg VA.
What are some of the best neighborhoods to live in Harrisonburg?
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Some of the best neighborhoods to live in Harrisonburg include Old Town, Sunset Heights, Stone Spring, Crossroads Farm, Barrington, Lakewood, and Massanetta Springs. Each neighborhood has its own unique character and advantages, so it's worth researching to find the one that best fits your needs and preferences.
What are some fun things to do in Harrisonburg?
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Harrisonburg has a lot to offer when it comes to things to do. You can visit the White Oak Lavender Farm & The Purple WOLF Tasting Room, explore the Edith J. Carrier Arboretum, or check out the Shenandoah Valley. If you're looking for something more adventurous, you can go hiking, biking, or kayaking in the nearby mountains and rivers. Downtown Harrisonburg also has a lot to offer, including the Rocktown Gift Shoppe, The Valley Turnpike Museum, and the Civil War Orientation Center.
What is the food scene like in Harrisonburg?
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Harrisonburg has a thriving food scene with over 200 restaurants to choose from. You can find everything from cozy cafes to international eateries, and from casual bites to fine dining experiences. Some popular restaurants include Rocktown Kitchen, The Ridge Room, Magpie Diner, Clementine, and Jack Brown's. There are also plenty of great food trucks and breweries to check out.
What are the pros and cons of living in Harrisonburg?
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One of the pros of living in Harrisonburg is its unique blend of small-town charm and big-city amenities. The city has a strong sense of community, with many local events and festivals throughout the year. However, one of the cons is that the city can be quite crowded, especially during peak tourist season. Additionally, some areas of the city may have higher crime rates or less desirable living conditions. Overall, it's worth weighing the pros and cons and doing your research to find the right neighborhood and lifestyle for you.
Is Harrisonburg a good place to live?
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Harrisonburg can be a great place to live, depending on your individual needs and preferences. The city has a lot to offer, from its natural beauty and outdoor recreation opportunities to its vibrant downtown area and cultural attractions. However, like any city, it's not perfect and has its own set of challenges. If you're looking for a place with a strong sense of community, a growing food and arts scene, and plenty of opportunities for outdoor adventure, Harrisonburg may be a great fit for you.
⭐ 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 Harrisonburg VA Commercial Property: $38,048
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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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