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New Franklin, OH Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in New Franklin, Ohio Market population: 14K. 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

Discover a compelling real estate investment in the vibrant city of Oakland, California. This property at 5476 Vicente W...

Cap Rate 2.70%
NOI $32,400
Size 1,800 SF

📊 Avg Property Tax Rate For New Franklin OH Properties: 1.5700%

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High-Cap-Rate Value-Add Multifamily Investment in Oakland

$2,299,999
Oakland Multifamily

Discover a compelling value-add opportunity in Oakland’s vibrant real estate market. This six-unit multifamily propert...

Cap Rate 7.97%
NOI $183,323
Size 6,104 SF

Investor Questions For New Franklin OH

Common questions from investors exploring commercial real estate in New Franklin OH.

What's the overall investment outlook for New Franklin, OH? +
New Franklin presents a stable investment market, with a median household income of $65,892, a relatively low poverty rate of 4.9%, and a high health insurance coverage rate of 95.2%, indicating a strong and secure tenant base. The top industries, including Finance & Insurance and Construction, also suggest a diverse economy. With a median property value of $139,200 and median property taxes of $4,799, the city offers a balance of affordability and potential for appreciation.
How does the local economy impact real estate investment in New Franklin? +
The local economy in New Franklin, driven by industries like Finance & Insurance, Construction, and Transportation & Warehousing, contributes to a stable employment rate, with 6,838 employed individuals. This, combined with a low poverty rate of 4.9% and high health insurance coverage of 95.2%, suggests a reliable rental market. The GINI coefficient of 0.364 indicates a moderate level of income inequality, which, along with the top ethnicities being predominantly White and White Non-Hispanic, suggests a relatively homogeneous market with potential for consistent demand.
What are the key factors influencing the quality of life for residents and, by extension, real estate investors in New Franklin? +
The quality of life in New Franklin is influenced by factors such as the average commute time of 24.2 minutes, which is relatively short, and the top commute methods, which include driving alone, working from home, and carpooling. These factors, along with a high health insurance coverage rate of 95.2% and a low poverty rate of 4.9%, contribute to a stable and attractive living environment. This stability can lead to a more reliable and long-term rental market, benefiting real estate investors.
How does the demographic makeup of New Franklin affect its real estate market? +
The demographic makeup of New Franklin, with a median age of 46.1 and top ethnicities including White and White Non-Hispanic, suggests a relatively stable and traditional community. This, combined with a high homeownership rate of 89.0% and a median household income of $65,892, indicates a strong sense of community and potential for long-term investments. The foreign-born rate, although not specified, would typically influence diversity and demand in the rental market, but the existing ethnic diversity and income levels already point towards a robust market.
What indicators suggest New Franklin, OH, is a good location for real estate investment? +
Indicators such as the median property value of $139,200, median property taxes of $4,799, and a high homeownership rate of 89.0% suggest that New Franklin is a good location for real estate investment. Additionally, the city's low poverty rate of 4.9%, high health insurance coverage of 95.2%, and diverse economy driven by Finance & Insurance, Construction, and other industries, point towards a stable and potentially appreciating market. The average commute time of 24.2 minutes and the prevalence of driving alone, working from home, and carpooling as commute methods also contribute to the city's attractiveness for both residents and investors.

New Franklin OH Real Estate & City Facts

Key facts and real estate information about New Franklin OH.

What are some of the best neighborhoods to live in New Franklin? +
Some of the best neighborhoods to live in New Franklin, OH are Center Rd, Tallmadge, and the southwest parts of the city. These areas tend to have more desirable homes and a higher quality of life. However, it's worth noting that the city is considered to be 'A Community of Neighborhoods' and doesn't have many planned communities.
What are some fun things to do in New Franklin? +
There are plenty of fun things to do in New Franklin, OH. You can visit the Portage Lakes State Park, Jellystone Park, or Boettler Park for outdoor activities. If you're interested in history, you can check out the Museum of Spiritual Art or the Stan Hywet Hall & Gardens. For music lovers, there's the Blossom Music Center. Additionally, you can find various events and activities on websites like Eventbrite.
What is the food scene like in New Franklin? +
The food scene in New Franklin, OH is diverse and offers a range of options. You can find restaurants like The Industry, Sisters Century House Restaurant, and TUSK, which serve a variety of cuisines. There are also plenty of great food trucks and local eateries to try. For a more comprehensive list, you can check out review websites like Yelp or OpenTable.
What are the pros and cons of living in New Franklin? +
The pros of living in New Franklin, OH include its desirable neighborhoods, outdoor recreational opportunities, and a relatively low poverty rate. However, some cons might include the lack of planned communities and limited job opportunities in certain industries. It's also worth considering the city's commute time and traffic when deciding where to live.
Is New Franklin a good place to live? +
Overall, New Franklin, OH seems to be a good place to live, with its desirable neighborhoods, outdoor recreational opportunities, and a relatively low poverty rate. However, as with any city, there are pros and cons to consider. It's worth doing your own research and weighing the advantages and disadvantages before making a decision. Additionally, visiting the city and talking to locals can give you a better sense of whether New Franklin 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

Presenting a high-yield investment opportunity at 5476 Vicente Way in Oakland's sought-after Temescal neighborhood. This...

Cap Rate 7.97%
NOI $183,300
Size 0 SF

📊 Average Income For New Franklin OH Commercial Property: $65,892

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Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal

$2,299,999
Oakland Multifamily

Discover a compelling investment opportunity at 5476 Vicente Way in Oakland's vibrant Temescal neighborhood. This well-m...

Cap Rate 7.97%
NOI $183,324
Size 0 SF
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Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate

$5,800,000
Central City Multifamily

Discover a prime multifamily investment opportunity at 101 Gregory St in Central City, Colorado. This 18-unit mid-rise a...

Cap Rate 5.70%
NOI $330,380
Size 13,454 SF
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New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate

$5,800,000
Central City Multifamily

Discover a prime multifamily investment opportunity at 101 Gregory St in Central City, Colorado. This 18-unit mid-rise a...

Cap Rate 5.70%
NOI $330,380
Size 13,454 SF
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New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate

$5,800,000
Central City Multifamily

Discover a compelling investment in Central City, Colorado, with this newly constructed 18-unit multifamily property at...

Cap Rate 5.70%
NOI $330,380
Size 13,454 SF
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Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA

$1,750,000
San Fernando Multifamily

Presenting a compelling value-add opportunity in the heart of San Fernando, California, this 8-unit multifamily property...

Cap Rate 6.66%
NOI $116,550
Size 5,040 SF
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Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate

$30,000,000
Valley Village Multifamily

Discover a prime multifamily investment opportunity in the desirable Valley Village neighborhood of Los Angeles County....

Cap Rate 3.39%
NOI $1,017,000
Size 52,393 SF
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Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate

$1,275,000
San Fernando Multifamily

Discover a compelling multifamily investment in the heart of San Fernando, California. This 5-unit apartment property, p...

Cap Rate 7.76%
NOI $98,945
Size 10,888 SF
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Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127

$2,450,000
Miami Multifamily (Condo)

Discover a prime investment opportunity at 136 NW 26th St in Miami, Florida. This Class B multifamily condo property, bu...

Cap Rate %
NOI $0
Size 30,000 SF
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Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset

$1,375,000
Philadelphia Multifamily

Discover a prime investment opportunity at 1531 Green St in Philadelphia, PA, a dynamic multifamily property offering co...

Cap Rate %
NOI $0
Size 6,624 SF
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