Leonia, NJ Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Leonia, New Jersey Market population: 9K. 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 Leonia NJ Properties: 3.3600%
⭐ 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 Leonia NJ
Common questions from investors exploring commercial real estate in Leonia NJ.
What's the overall investment potential of Leonia, NJ, considering its demographics and economy?
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Leonia, NJ, with a median household income of $93,119 and a relatively low poverty rate of 5.4%, presents a stable investment market. The city's diverse population, including 43.1% White, 30.5% Asian, and 14.1% Hispanic or Latino, along with a high health insurance coverage rate of 95.6%, suggests a strong and resilient community. This, combined with top industries like Healthcare & Social Assistance and Finance & Insurance, indicates a robust local economy.
How does the commute time and transportation infrastructure impact the quality of life for residents and potential renters in Leonia, NJ?
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The average commute time of 37.1 minutes in Leonia, NJ, with 63.5% of residents driving alone and 23.1% using public transit, indicates a well-connected city with relatively manageable commute times. This, coupled with a high health insurance coverage rate of 95.6% and a low poverty rate of 5.4%, suggests a high quality of life that could attract and retain renters, making it an attractive option for real estate investors.
What role does ethnic diversity and the presence of top industries play in shaping market demand for real estate in Leonia, NJ?
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The ethnic diversity in Leonia, NJ, with significant White, Asian, and Hispanic or Latino populations, contributes to a vibrant and inclusive community that can attract a wide range of residents. The presence of top industries such as Healthcare & Social Assistance, Finance & Insurance, and Professional, Scientific, & Technical Services not only provides employment opportunities but also drives demand for housing, making it a promising market for real estate investment.
How do the median property value and property taxes in Leonia, NJ, impact the feasibility of real estate investment in the area?
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With a median property value of $543,400 and median property taxes of $14,642, Leonia, NJ, presents a significant investment opportunity. Considering the city's low poverty rate of 5.4%, high median household income of $93,119, and a diverse economy with major industries like Healthcare & Social Assistance, the potential for property appreciation and stable rental income is substantial, despite the relatively high property taxes.
What insights can be gleaned from the health insurance rate and commute methods regarding the stability and attractiveness of Leonia, NJ, as an investment location?
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The high health insurance coverage rate of 95.6% in Leonia, NJ, combined with the average commute time of 37.1 minutes and the prevalence of public transit as a commute method, suggests a stable and attractive location for investment. This stability, along with the city's diverse population and strong industries, indicates a low-risk environment for real estate investment, as it attracts a workforce with stable employment and health benefits, contributing to a reliable rental market.
Leonia NJ Real Estate & City Facts
Key facts and real estate information about Leonia NJ.
What are some of the best neighborhoods to live in Leonia?
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Some of the best neighborhoods to live in Leonia include Crestwood Village, which is known for being safe with a low violent crime rate. Other desirable areas tend to be in the southwest parts of the city, while more affordable homes are in the northwest regions. Additionally, neighborhoods near Overpeck County Park are also popular for their proximity to outdoor recreational activities.
What are some fun things to do in Leonia?
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Leonia offers a variety of fun activities, including visiting Overpeck County Park for outdoor recreation, exploring the Sculpture for Leonia, and learning at the Field Station: Dinosaurs. You can also visit the Flat Rock Brook Nature Center, catch a movie at the Barrymore Film Center, or enjoy a meal at one of the local restaurants like Mantra Restaurant or Don Coqui Edgewater.
What is the food scene like in Leonia?
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The food scene in Leonia is diverse, with a range of restaurants serving different cuisines. You can find Italian food at Antico Italian Restaurant, Mexican dishes at El Asadero Mexican Grill, and Asian fare at MORU or ONGA. There are also plenty of great food trucks and cafes like Snack Stop and Cafe de Lyon, offering everything from quick bites to sit-down meals.
What are the pros and cons of living in Leonia?
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Living in Leonia has its pros and cons. On the positive side, the city offers a rich arts scene, beautiful parks like Overpeck County Park, and a diverse community with a variety of restaurants and cultural events. However, some areas can be quiet, and there may be traffic near the turnpike entrance. Additionally, the cost of living, including housing and property taxes, can be relatively high.
Is Leonia a good place to live?
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Leonia can be a good place to live for those who value a diverse community, rich arts scene, and easy access to outdoor recreational activities. While it may have some drawbacks like higher costs of living and occasional traffic, the city's unique blend of culture, nature, and small-town feel makes it an attractive option for many. Ultimately, whether Leonia is a good fit depends on individual preferences and priorities.
⭐ 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 Leonia NJ Commercial Property: $93,119
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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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