North Bay Village, FL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in North Bay Village, Florida Market population: 7K. Browse multifamily, office, retail, industrial, and mixed-use...

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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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📊 Avg Property Tax Rate For North Bay Village FL Properties: 1.8900%

📊 Average Income For North Bay Village FL Commercial Property: $53,523

Investor Questions For North Bay Village FL

Common questions from investors exploring commercial real estate in North Bay Village FL.

What's the overall investment potential of North Bay Village, FL, considering its demographics and economy? +

With a median household income of $53,523 and a relatively low poverty rate of 10.2%, North Bay Village, FL, presents a stable investment market, further strengthened by its diverse population, including a significant Hispanic and White population, and a strong presence of industries like Construction, Finance, and Healthcare, which can drive demand for housing.

How does the commute time and health insurance coverage impact the quality of life for renters in North Bay Village, FL? +

The average commute time of 25.1 minutes, combined with a health insurance coverage rate of 78.5%, suggests a good quality of life for renters, indicating that residents have access to relatively convenient transportation options and a decent level of healthcare, which can contribute to a stable rental market.

What role does ethnic diversity and the foreign-born rate play in the demand for real estate in North Bay Village, FL? +

The city's ethnic diversity, with top ethnicities including White, Hispanic, and White Non-Hispanic, alongside a foreign-born rate of 46.2%, indicates a culturally rich and potentially dynamic market, which can attract a wide range of buyers and renters, thus supporting demand for real estate investments.

How do the top industries in North Bay Village, FL, influence the local real estate market? +

The presence of top industries such as Construction, Finance & Insurance, Real Estate & Rental & Leasing, Educational Services, and Health Care & Social Assistance can significantly influence the local real estate market by creating jobs and driving housing demand, especially considering the median property value of $199,700 and the homeownership rate of 35.6%.

What insights can be gleaned from the poverty rate, GINI coefficient, and health insurance rate for assessing tenant quality and market stability in North Bay Village, FL? +

The combination of a 10.2% poverty rate, a GINI coefficient of 0.42 indicating moderate income inequality, and a health insurance coverage rate of 78.5% suggests a market with a working population that has access to healthcare, which can imply a level of employment stability and, consequently, more reliable tenants, contributing to market stability for real estate investments.

North Bay Village FL Real Estate & City Facts

Key facts and real estate information about North Bay Village FL.

What are some of the best neighborhoods to live in North Bay Village? +

Some of the best neighborhoods to live in North Bay Village include the south parts of the city, which tend to be more desired, and the central regions, which offer more affordable homes. According to Wisewill Real Estate, North Bay Village is a vibrant and attractive waterfront neighborhood with a dense urban feel. Additionally, neighborhoods like North Beach and the Isle of Normandy are also popular options.

What are some fun things to do in North Bay Village? +

There are plenty of fun things to do in North Bay Village, including visiting the Philip Schonberger Memorial Playground, exploring the Lake Metroparks Lakeshore Reservation, and enjoying the scenic views of Biscayne Bay. You can also take an Everglades adventure with an airboat ride or go on a beach horse ride and nature trail. The area offers a variety of historical sites, architectural landmarks, and waterfront activities.

What is the food scene like in North Bay Village? +

The food scene in North Bay Village is vibrant and renowned for its waterfront settings. Some top-rated restaurants include Sushi Erika, Petralunga, CAO Bakery & Cafe, and Donna Mare Italian Chophouse. You can also find Mediterranean cuisine at Neya, which highlights coastal flavors with seafood and veggie plates. There are also plenty of great food trucks and cafes in the area, offering a range of dining options.

What are the pros and cons of living in North Bay Village? +

The pros of living in North Bay Village include its vibrant and attractive waterfront neighborhood, dense urban feel, and variety of historical sites and architectural landmarks. However, some cons include the high cost of living, traffic, and limited parking options. Additionally, the area can be prone to flooding and hurricane damage, which may be a concern for some residents. Overall, North Bay Village offers a unique and exciting lifestyle, but it's essential to weigh the pros and cons before deciding to live there.

Is North Bay Village a good place to live? +

North Bay Village can be a great place to live for those who enjoy a vibrant and urban lifestyle, with plenty of amenities and activities to offer. The area has a strong sense of community, and its waterfront location provides beautiful views and outdoor recreational opportunities. However, it's essential to consider the potential drawbacks, such as high costs and traffic. Ultimately, whether North Bay Village is a good place to live depends on your individual preferences and priorities. If you value a unique and exciting lifestyle and are willing to tolerate some challenges, North Bay Village may be an excellent choice for you.

North Bay Village, FL Commercial Investment Properties for Sale

Don’t just search properties. See why investors choose REI Capital.

Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127

📊 Avg Property Tax Rate For North Bay Village FL Properties: 1.8900%

📊 Average Income For North Bay Village FL Commercial Property: $53,523

Investor Questions For North Bay Village FL

North Bay Village FL Real Estate & City Facts

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