Lovejoy, GA Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Lovejoy, Georgia Market population: 6K. Explore income-producing properties with verified cap rates and operating...
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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 Lovejoy GA Properties: 0.4922%
⭐ 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 Lovejoy GA
Common questions from investors exploring commercial real estate in Lovejoy GA.
What's the overall investment potential of this city, considering its demographic and economic indicators?
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The city's 12.3% poverty rate, combined with an 88.6% health insurance coverage, suggests a relatively stable workforce, which is further supported by a strong presence of the Health Care & Social Assistance industry, employing a significant portion of the 3,056 employed population, with a median household income of $48,309 and a median age of 37.4.
How does the city's ethnic diversity and industry landscape impact market demand for real estate investments?
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With Black or African American being the top ethnicity and a foreign-born rate of 8.5%, the city boasts a diverse population, which, coupled with the dominance of the Health Care & Social Assistance industry, indicates a steady demand for housing, potentially driven by the industry's workforce needs, and supported by a relatively high median property value of $133,400.
What are the implications of the city's commute patterns and infrastructure for real estate investors?
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The average commute time of 34.4 minutes, with the majority of residents driving alone, suggests that the city's infrastructure is geared towards personal vehicle usage, which may impact the desirability of certain neighborhoods, but the relatively high health insurance rate of 88.6% and low poverty rate of 12.3% imply a stable tenant base, making it an attractive option for investors.
How do the city's socioeconomic indicators, such as the Gini coefficient and poverty rate, influence the quality of tenants and property values?
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The Gini coefficient of 0.43, indicating a moderate level of income inequality, combined with a poverty rate of 12.3% and a high health insurance coverage rate of 88.6%, suggests that while there may be some income disparities, the overall workforce is relatively stable, which can contribute to a lower risk of tenant default and support the median property value of $133,400, with median property taxes being $1,414.
What role does the city's homeownership rate and median household income play in determining the viability of rental investments?
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With a homeownership rate of 73% and a median household income of $48,309, the city presents a viable market for rental investments, as a significant portion of the population may opt for renting, particularly given the median property value of $133,400, and the presence of a strong Health Care & Social Assistance industry, which can provide a stable source of tenants, supported by the city's relatively low poverty rate of 12.3% and high health insurance coverage rate of 88.6%.
Lovejoy GA Real Estate & City Facts
Key facts and real estate information about Lovejoy GA.
What are some of the best neighborhoods to live in Lovejoy?
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Some of the best neighborhoods to live in Lovejoy, GA, include the southwest parts of the city, which tend to be more desired, while more affordable homes can be found in the east regions. Neighborhoods like Tyrone and East Point are also nearby and offer a range of housing options.
What are some fun things to do in Lovejoy?
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There are several fun things to do in Lovejoy, GA, such as visiting the Lovejoy Botanical Gardens, exploring the Georgia Aquarium, or enjoying the World of Coca-Cola. You can also check out the WIPEOUTRUN Atlanta, Georgia State Fair, or Fun Spot America Theme Parks — Atlanta for some exciting activities.
What is the food scene like in Lovejoy?
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The food scene in Lovejoy, GA, is diverse and offers a range of options, including late-night food spots like Grand Stand's Bar & Grill, Jamaican Taste, and McDonald's. You can also find global cuisine at restaurants like Bay Breeze Seafood Restaurant, ENZO STEAKHOUSE & BAR, and Que-'Riosity. There are also plenty of great food trucks and outdoor dining options available in the area.
What are the pros and cons of living in Lovejoy?
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The pros of living in Lovejoy, GA, include its small-town community atmosphere, growing rapidly but still maintaining a sense of peace, and being close to Atlanta. However, some cons include the poverty rate, which is around 12.3%, and the average commute time, which is around 34.4 minutes. Additionally, the city has a relatively high Gini coefficient, indicating some income inequality.
Is Lovejoy a good place to live?
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Lovejoy, GA, can be a good place to live, depending on your individual preferences and priorities. The city offers a unique blend of small-town charm and proximity to Atlanta, with a range of housing options and activities to enjoy. However, it's essential to consider the pros and cons, such as the poverty rate and commute time, before making a decision. Overall, Lovejoy can be a great choice for those looking for a peaceful and growing community south of Atlanta.
⭐ 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 Lovejoy GA Commercial Property: $48,309
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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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