Park Hills, KY High Income Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Park Hills, Kentucky Market population: 9K. Compare commercial properties across all major asset classes...
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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 Park Hills MO Properties: 1.1000%
⭐ 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 Park Hills MO
Common questions from investors exploring commercial real estate in Park Hills MO.
What's the overall investment potential of Park Hills, MO, considering its demographics and economy?
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Park Hills, MO, with a population of 8,721 and a median age of 37.2, presents a unique investment opportunity, especially given its top industries in Transportation & Warehousing, and Utilities, which can drive demand for housing. The median household income of $32,141, combined with a poverty rate of 23.7%, suggests a need for affordable housing options. Additionally, the city's diverse population, with top ethnicities including White and White Non-Hispanic, and a foreign-born rate of 1.6%, indicates a potential for cultural and economic growth.
How does the quality of life in Park Hills, MO, impact its attractiveness to investors?
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The quality of life in Park Hills, MO, is reflected in its average commute time of 20.6 minutes, which is relatively low, and its high health insurance coverage rate of 90.3%, indicating a stable and healthy workforce. This, coupled with the top commute methods being drove alone, carpooled, and other, suggests good infrastructure for residents. Furthermore, the median property value of $76,100 and median property taxes of $2,114 provide insight into the housing market's affordability and potential for appreciation.
What are the implications of Park Hills, MO's, economic indicators for real estate investment?
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The employed population of 3,461 and the top industries in Transportation & Warehousing, and Utilities, suggest a stable employment market, which is crucial for rental income stability. The GINI coefficient of 0.435 indicates a moderate level of income inequality, which, when considered alongside the poverty rate of 23.7%, highlights the need for a balanced approach to investment, potentially focusing on affordable and mid-range housing options. The foreign-born rate of 1.6% and the diversity in top ethnicities also point to a market with potential for growth driven by a diverse population.
How does the housing market in Park Hills, MO, look for investors, considering factors like property value and homeownership rate?
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The housing market in Park Hills, MO, with a median property value of $76,100 and a homeownership rate of 56.8%, presents opportunities for both rental investments and home sales. The relatively low median property taxes of $2,114 can make homeownership more affordable, potentially increasing demand. When combined with the average commute time of 20.6 minutes and the high health insurance coverage rate of 90.3%, these factors suggest a stable environment for housing investments, with possibilities for appreciation in property value over time.
What role does ethnic diversity and industry mix play in the investment potential of Park Hills, MO?
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The ethnic diversity in Park Hills, MO, with top ethnicities including White and White Non-Hispanic, and a foreign-born rate of 1.6%, contributes to a vibrant community that can attract a wide range of residents and businesses. The mix of top industries, including Transportation & Warehousing, and Utilities, and Construction, indicates a diversified economy, which can reduce investment risk by not relying on a single industry. This diversity, coupled with a median household income of $32,141 and a poverty rate of 23.7%, suggests that investments in affordable housing and community development could yield positive returns, both financially and in terms of community impact.
Park Hills MO Real Estate & City Facts
Key facts and real estate information about Park Hills MO.
What are some of the best neighborhoods to live in Park Hills?
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Some of the best neighborhoods to live in Park Hills, MO, include Elvins, Flat River, and other areas in the east parts of the city, which tend to be more desired and have higher median house prices. However, more affordable homes can be found in the west regions.
What are some fun things to do in Park Hills?
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There are several fun things to do in Park Hills, MO, including visiting the Missouri Mines State Historic Site, which depicts Missouri's rich mining history, and exploring the St. Joe State Park. You can also check out the Four Towns Brewing Company, Deslogetown Brewery, and other local attractions.
What is the food scene like in Park Hills?
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The food scene in Park Hills, MO, offers a variety of options, including hand-cut steaks and authentic Cajun dishes at The Old Mine House, Mexican cuisine at El Tapatio, and other restaurants like Riverside Grill. There are also plenty of great food trucks and local eateries to explore.
What are the pros and cons of living in Park Hills?
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The pros of living in Park Hills, MO, include its historic charm, family-friendly neighborhoods, and outdoor recreational opportunities. However, some cons include a lower median household income and a higher poverty rate compared to other areas. Additionally, the city's economy is largely based on industries like transportation and construction, which can be affected by economic downturns.
Is Park Hills a good place to live?
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Park Hills, MO, can be a good place to live for those who value its historic charm, outdoor recreational opportunities, and family-friendly atmosphere. While it has its challenges, including a lower median household income and higher poverty rate, the city also offers a unique blend of small-town character and access to nearby amenities. Ultimately, whether Park Hills 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 Park Hills MO Commercial Property: $32,141
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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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