Hornell, NY Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Hornell, New York Market population: 8K. Browse multifamily, office, retail, industrial, and mixed-use investment...

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📊 Average Cap Rate For Hornell NY Properties: 6.86%

⭐ Featured

190 Manhattan Ave, Buffalo, NY â€“ Prime Multifamily Investment with 7.56% Cap Rate

$6,500,000

Buffalo Multifamily

Discover a compelling investment in Buffaloâ€™s vibrant market with this 65,000-square-foot garden-style apartment prope...

Cap Rate 7.56%

NOI $491,400

Size 65,000 SF

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📊 Avg Property Tax Rate For Hornell NY Properties: 2.3500%

⭐ Featured

Prime Buffalo Multifamily Investment: 12-Unit Apartment Building with 6.16% Cap Rate

$1,750,000

Buffalo Multifamily

Discover a compelling multifamily investment opportunity in Buffalo, NY. This 12-unit apartment building, priced at $1,7...

Cap Rate 6.16%

NOI $107,842

Size 8,640 SF

Save

Investor Questions For Hornell NY

Common questions from investors exploring commercial real estate in Hornell NY.

What's the overall investment potential of Hornell, NY, considering its demographics and economy? +

Hornell, NY's investment potential is promising, given its relatively low poverty rate of 18.2% and high health insurance coverage of 96.2%, indicating a stable workforce. The top industries, including Health Care & Social Assistance and Manufacturing, drive the local economy, while the median household income of $43,419 and average commute time of 22.1 minutes suggest a decent quality of life for residents.

How does the city's ethnic diversity and industry mix impact the rental market? +

The city's ethnic diversity, with a predominant White population of 93.1%, and a mix of industries, including Retail Trade and Manufacturing, contribute to a stable rental market. The employed population of 3,544 and median property value of $73,400 also suggest a relatively affordable housing market, making it attractive for investors looking for rental yields.

What are the key factors to consider when assessing the quality of life for tenants in Hornell, NY? +

When evaluating the quality of life for tenants, consider the average commute time of 22.1 minutes, which is relatively short, and the high health insurance coverage rate of 96.2%, indicating access to healthcare. Additionally, the median age of 37.4 and homeownership rate of 55.6% suggest a stable community, which can contribute to lower tenant turnover rates.

How do the city's poverty rate and income inequality impact the local real estate market? +

The poverty rate of 18.2% and income inequality, as measured by the GINI coefficient of 0.42, suggest that there may be a mix of affordable and higher-end properties in the market. Investors should consider targeting the working-class segment, which is likely to be driven by the top industries, including Health Care & Social Assistance and Retail Trade, and the relatively low median property taxes of $2,144.

What role do commute methods and transportation infrastructure play in the attractiveness of Hornell, NY to investors? +

The dominant commute method of driving alone, at 84.2%, and the relatively short average commute time of 22.1 minutes, indicate a well-connected city with decent transportation infrastructure. This, combined with the high health insurance coverage rate of 96.2% and low poverty rate of 18.2%, makes Hornell, NY an attractive location for investors looking for a stable and accessible market.

Hornell NY Real Estate & City Facts

Key facts and real estate information about Hornell NY.

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

Some of the best neighborhoods to live in Hornell include Arkport, North Hornell, and the central parts of the city. These areas are known for their friendly communities, beautiful landscapes, and historic residences. For example, Arkport is a peaceful and small neighborhood with a strong sense of community, while North Hornell offers a mix of old and new homes with a convenient location.

What are some fun things to do in Hornell? +

There are plenty of fun things to do in Hornell, such as visiting the Hornell Erie Depot Museum, playing baseball at Maple City Park, or catching a show at the Spotlight Theater. You can also explore the city's rich history, visit local shops and restaurants, or take a stroll along the scenic trails. Additionally, the city hosts various events and festivals throughout the year, including the Hornell Festival and the Steuben County Fair.

What is the food scene like in Hornell? +

The food scene in Hornell is diverse and delicious, with a range of restaurants serving everything from classic American comfort food to international cuisine. Some popular spots include Texas Cafe, Pizza King, and Billy Schu's Food Bar, as well as Paddy's Pub and Marino's Restaurant. There are also plenty of great food trucks and local eateries to try, offering everything from burgers and sandwiches to salads and soups.

What are the pros and cons of living in Hornell? +

The pros of living in Hornell include its friendly community, historic charm, and convenient location. The city also offers a range of outdoor activities, cultural events, and local amenities. However, some cons include the limited job opportunities, higher poverty rates, and limited access to certain services and amenities. Additionally, the city's economy has faced challenges in recent years, which can impact the quality of life for residents. Overall, Hornell is a great place to live for those who value a close-knit community and a relaxed pace of life.

Is Hornell a good place to live? +

Hornell can be a great place to live for the right person. The city offers a unique blend of small-town charm and historic character, with a strong sense of community and a range of local amenities. While it may not be the best fit for everyone, particularly those looking for a more urban or fast-paced lifestyle, Hornell is definitely worth considering for those who value a relaxed and friendly community. With its rich history, beautiful landscapes, and convenient location, Hornell is a hidden gem in upstate New York that is worth exploring.

Hornell, NY Commercial Investment Properties for Sale

Don’t just search properties. See why investors choose REI Capital.

📊 Average Cap Rate For Hornell NY Properties: 6.86%

190 Manhattan Ave, Buffalo, NY â€“ Prime Multifamily Investment with 7.56% Cap Rate

📊 Avg Property Tax Rate For Hornell NY Properties: 2.3500%

Prime Buffalo Multifamily Investment: 12-Unit Apartment Building with 6.16% Cap Rate

Investor Questions For Hornell NY

Hornell NY Real Estate & City Facts

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