Lake Hiawatha, NJ Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Lake Hiawatha, New Jersey Market population: 277K. Compare commercial properties across all major asset...
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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 Lake Hiawatha NJ Properties: 3.1600%
⭐ 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 Lake Hiawatha NJ
Common questions from investors exploring commercial real estate in Lake Hiawatha NJ.
What's the overall investment outlook for Newark, NJ, considering its demographics and economy?
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Newark's diverse population, with top ethnicities including Black (33.2%), Hispanic (25.2%), and White (15.4%), combined with a median household income of $33,960 and a poverty rate of 27.1%, suggests a working-class market with potential for growth, especially given the strong presence of industries like Information and Public Administration.
How does the city's commute time and health insurance coverage impact the quality of life for renters?
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The 32.3-minute average commute time in Newark, with a significant portion of residents using public transit, indicates a relatively stable infrastructure for renters, while the 79.2% health insurance coverage rate suggests a level of employment stability and access to healthcare, making it an attractive location for investors looking for reliable tenants.
What are the implications of Newark's income inequality and poverty rate on real estate investment?
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The city's GINI coefficient of 0.471, indicating moderate income inequality, combined with a poverty rate of 27.1%, suggests that investors should focus on affordable housing options, which could be in high demand given the relatively low homeownership rate of 23.0% and the presence of major industries like Finance & Insurance, & Real Estate & Rental & Leasing.
How does the ethnic diversity and industry mix in Newark influence market demand for real estate?
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The diverse ethnic makeup of Newark, including significant Black and Hispanic populations, along with the presence of top industries like Information and Public Administration, suggests a strong and varied demand for housing, which could support a range of real estate investment strategies, from residential rentals to commercial properties catering to the local workforce.
What role do property values, taxes, and commute methods play in assessing the viability of real estate investments in Newark?
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The median property value of $243,200 and median property taxes of $21,002 in Newark need to be considered in the context of the city's average commute time of 32.3 minutes and the mix of commute methods, including driving and public transit, to understand the overall cost of living and working in the area, which can impact rental yields and property appreciation over time.
Lake Hiawatha NJ Real Estate & City Facts
Key facts and real estate information about Lake Hiawatha NJ.
What are some of the best neighborhoods to live in Newark?
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Some of the best neighborhoods to live in Newark include Downtown Newark, which is known for being vibrant and family-friendly. Other nearby neighborhoods like Ironbound and North Newark also offer a great quality of life and more cultural activities.
What are some fun things to do in Newark?
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There are plenty of fun things to do in Newark, such as visiting the Newark Museum, Branch Brook Park, and the New Jersey Performing Arts Center. You can also attend the Newark Festival or explore the nearby trails and viewpoints.
What is the food scene like in Newark?
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The food scene in Newark is diverse and vibrant, with a variety of cuisines available, including Portuguese, Spanish, and Italian. Some popular restaurants include Fernandes Steakhouse, Seabra's Marisqueira, and Dinosaur Bar-B-Que.
What are the pros and cons of living in Newark?
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The pros of living in Newark include its diverse population, vibrant cultural scene, and proximity to New York City. However, some cons might include the high poverty rate and crime rate, as well as the limited availability of affordable housing options. Additionally, the city's small size might make it feel quiet or limited for some residents.
Is Newark a good place to live?
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Overall, Newark seems like a great place to live for those who value diversity, culture, and proximity to New York City. While it might not have all the amenities of a larger city, its unique character and attractions make it an attractive option for many people. As with any city, it's essential to weigh the pros and cons and consider your individual needs and preferences before deciding if Newark is the right 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 Lake Hiawatha NJ Commercial Property: $33,960
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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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