Lenoir, NC Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Lenoir, North Carolina Market population: 18K. Browse multifamily, office, retail, industrial, and mixed-use investment...
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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 Lenoir NC Properties: 0.7400%
⭐ 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 Lenoir NC
Common questions from investors exploring commercial real estate in Lenoir NC.
What's the overall investment outlook for Lenoir, NC, considering its demographics and economy?
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Lenoir's population of 18,126, with a median age of 41.1 and median household income of $28,715, suggests a stable market. The poverty rate of 20.1% is somewhat mitigated by an 85.2% health insurance coverage, indicating a degree of employment stability and access to healthcare, which is beneficial for rental income reliability.
How does the ethnic diversity and industry mix in Lenoir impact real estate demand?
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The city's ethnic diversity, led by White (41.4%) and White Non-Hispanic (40.2%) populations, alongside a significant Black (6.2%) presence, contributes to a varied demographic. This diversity, combined with top industries like Professional, Scientific, & Management, and Wholesale Trade, suggests a robust demand for housing due to a mix of professional and trade jobs, potentially supporting rental yields and property appreciation.
What are the implications of Lenoir's commute times and health insurance rates for investors?
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The average commute time of 20.4 minutes, with most residents driving alone or carpooling, indicates relatively easy access to employment centers, which can attract tenants. Coupled with an 85.2% health insurance rate, this suggests a population with access to employment opportunities and healthcare, making for more reliable tenants and a stable rental market.
How do poverty rates and income inequality affect the quality of tenants in Lenoir?
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While Lenoir's poverty rate of 20.1% and a GINI coefficient of 0.489 suggest income inequality, the 85.2% health insurance coverage rate offers a counterbalance, implying that many residents have access to employment with benefits. This mix suggests that investors can find a working-class tenant base with some degree of employment stability, which is crucial for consistent rental income.
What insights do the homeownership rate and median property value provide for real estate investors in Lenoir?
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A homeownership rate of 60.9% and a median property value of $105,300 indicate a relatively affordable housing market with a significant portion of the population invested in their homes. This can lead to a stable community with potential for long-term appreciation in property values, making Lenoir an attractive location for investors looking to balance rental income with potential for future property value increases.
Lenoir NC Real Estate & City Facts
Key facts and real estate information about Lenoir NC.
What are some of the best neighborhoods to live in Lenoir?
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Some of the best neighborhoods to live in Lenoir include Mulberry Creek, which is a peaceful and family-friendly neighborhood with beautiful trees and abundant wildlife. Other neighborhoods like in-town historic homes also offer a great place to live. You can choose from private mountain communities as well as homes for all price ranges.
What are some fun things to do in Lenoir?
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There are plenty of fun things to do in Lenoir, such as attending festivals and events like the Carolina Tattoo & Arts Gathering, Downtown Lenoir Events, and the North Carolina Blackberry Festival. You can also visit the Caldwell Heritage Museum, take a horse and carriage ride through Moses H. Cone Park, or go on a North Wilkesboro Walking Food and History Tour.
What is the food scene like in Lenoir?
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The food scene in Lenoir is diverse and exciting, with a range of restaurants to choose from. Some popular options include The Restaurant at Gideon Ridge, Nicewonder Farm & Vineyards, and 221 on Mainstreet. There are also plenty of great food trucks and local eateries to try. From fine dining to casual eats, Lenoir has something for every taste and budget.
What are the pros and cons of living in Lenoir?
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The pros of living in Lenoir include its peaceful and family-friendly atmosphere, beautiful scenery, and outdoor recreational opportunities. However, some cons include a relatively low median household income and a poverty rate of 20.1%. Additionally, the town may not have as many job opportunities or cultural attractions as larger cities. Overall, Lenoir is a great place to live for those who value a calm and natural environment, but may not be suitable for everyone.
Is Lenoir a good place to live?
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Lenoir can be a good place to live for those who value a peaceful and natural environment, with plenty of outdoor recreational opportunities and a strong sense of community. While it may not have as many job opportunities or cultural attractions as larger cities, the town has a lot to offer in terms of quality of life and affordability. Ultimately, whether or not Lenoir 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 Lenoir NC Commercial Property: $28,715
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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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