Hopkinsville, KY High Income Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Hopkinsville, Kentucky Market population: 32K. 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 Hopkinsville KY Properties: 72.0000%
⭐ 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 Hopkinsville KY
Common questions from investors exploring commercial real estate in Hopkinsville KY.
What is the overall investment potential of Hopkinsville, KY, considering its demographic and economic factors?
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Hopkinsville's median household income of $35,202, combined with a poverty rate of 22.2% and a high health insurance coverage rate of 90.2%, suggests a relatively stable market with opportunities for investment, particularly in the finance and insurance sectors, which are among the top industries in the city.
How does the city's ethnic diversity and industry landscape impact the demand for real estate?
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The city's diverse population, with top ethnicities including White, White Non-Hispanic, and Black, and its strong presence of industries like finance, insurance, and real estate, indicate a steady demand for housing and commercial properties, making it an attractive location for real estate investment.
What are the implications of the city's commute time and transportation methods for real estate investors?
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The average commute time of 17.2 minutes, with top commute methods including driving alone, carpooling, and working from home, suggests a convenient and relatively stress-free living environment, which can positively impact property values and attract potential renters and buyers, especially in areas with easy access to public transportation or major employment hubs.
How do the city's poverty rate, health insurance coverage, and employment rate influence the quality of tenants and property management?
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The combination of a 22.2% poverty rate, 90.2% health insurance coverage, and an employed population of 11,530, indicates a working-class market with a degree of employment stability, which can lead to more reliable tenants and lower property management risks, especially when compared to areas with higher poverty rates and lower health insurance coverage.
What role do the city's median property value, property taxes, and homeownership rate play in determining its investment potential?
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The median property value of $107,600, median property taxes of $6,830, and a homeownership rate of 48.2%, suggest a relatively affordable housing market with opportunities for both rental income and long-term appreciation, particularly for investors who can navigate the local property tax landscape and target areas with growing demand for housing and commercial space.
Hopkinsville KY Real Estate & City Facts
Key facts and real estate information about Hopkinsville KY.
What are some of the best neighborhoods to live in Hopkinsville?
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Some of the best neighborhoods to live in Hopkinsville include Great Oaks, which is known for its clean, tree-lined streets and friendly community. Other desirable areas tend to be in the southwest parts of the city, while more affordable homes are in the central regions.
What are some fun things to do in Hopkinsville?
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There are plenty of things to do in Hopkinsville, including visiting the Trail of Tears Commemorative Park and Heritage Center, exploring the Christian Way Farm & Mini Golf, and checking out the Casey Jones Distillery. The city also has a variety of events and activities, such as the Little Things Boutique Spring Open House.
What is the food scene like in Hopkinsville?
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The food scene in Hopkinsville is diverse and delicious, with popular restaurants like The Mixer, Horseshoe Steakhouse, and Da Vinci's Little Italian. There are also plenty of great food trucks and local eateries to try, such as Davo's Burgers and Fries.
What are the pros and cons of living in Hopkinsville?
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Hopkinsville has a lot to offer, including a low cost of living, a great library, and a farmers market. However, the city also has some challenges, such as a higher-than-average poverty rate and a limited job market. Overall, it's a great place to live for those who value a small-town feel and a strong sense of community.
Is Hopkinsville a good place to live?
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Hopkinsville can be a great place to live for the right person. It offers a unique blend of small-town charm and urban amenities, and the community is friendly and welcoming. However, it's not for everyone, and some people may find the limited job opportunities and higher poverty rate to be drawbacks. Ultimately, whether or not Hopkinsville is a good place to live depends on your individual priorities and preferences.
⭐ 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 Hopkinsville KY Commercial Property: $35,202
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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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