Pelican Bay, FL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Pelican Bay, Florida Market population: 5K. Compare commercial properties across all major asset classes...

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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 Pelican Bay FL Properties: 0.9800%

📊 Average Income For Pelican Bay FL Commercial Property: $102,997

Investor Questions For Pelican Bay FL

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

What is the overall investment potential of Pelican Bay, FL? +

The low poverty rate of 3.8% combined with a high health insurance coverage rate of 98.9% suggests a stable and secure market for real estate investments, with a strong demand from the finance and insurance industries, which are among the top industries in the area, and a high median household income of $102,997.

How does the demographic makeup of Pelican Bay impact rental yields? +

The predominantly White population with a median age of 71.9 years may indicate a more stable and long-term rental market, with a high homeownership rate of 94.7% suggesting a strong preference for owning over renting, but the top industries in finance and insurance could support a demand for rental properties from professionals in these fields.

What role does commute time play in the attractiveness of Pelican Bay to investors? +

The average commute time of 21.7 minutes, which is relatively short, along with the high rate of people who drive alone or work from home, indicates a convenient and flexible location that could attract renters and support property values, especially considering the low poverty rate and high health insurance coverage.

How does the ethnic diversity of Pelican Bay influence market demand? +

While Pelican Bay has a relatively low ethnic diversity with White and White Non-Hispanic populations being predominant, the presence of Hispanic and potentially other ethnic groups could indicate a growing diversity that, combined with the top industries in finance, insurance, and retail trade, suggests a broadening market demand and potential for investment growth.

What are the implications of the high median property value and taxes for investors? +

The high median property value of $746,300 and median property taxes of $2,940, in the context of a low poverty rate of 3.8% and high health insurance coverage of 98.9%, suggest that investors may face higher upfront costs but could also benefit from a more stable and affluent tenant base, supported by the strong finance and insurance industries in the area.

Pelican Bay FL Real Estate & City Facts

Key facts and real estate information about Pelican Bay FL.

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

Some of the best neighborhoods to live in Pelican Bay include the North End and the South End, which offer a range of housing options and amenities. However, it's worth noting that Pelican Bay is a private community and some areas may be restricted to residents and their guests.

What are some fun things to do in Pelican Bay? +

There are plenty of fun things to do in Pelican Bay, including visiting the Waterside Shops, kayaking or canoeing in Clam Bay, and soaking up the sun at Pelican Bay North Beach. You can also stroll along the Naples Marina, visit 5th Avenue for shopping and dining, or explore the surrounding area for more attractions and activities.

What is the food scene like in Pelican Bay? +

The food scene in Pelican Bay is diverse and exciting, with a range of restaurants serving everything from fresh seafood to French cuisine. Some popular spots include Grain de CafÃ©, a quaint French cafe with homemade artisan fare, and M Waterfront Grille, which offers contemporary American cuisine with a focus on Florida Fusion and seafood. There are also plenty of great waterfront restaurants with stunning views of the Gulf of Mexico.

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

The pros of living in Pelican Bay include its beautiful beaches, range of outdoor activities, and exclusive community amenities. However, some cons include the private community's restricted access, which may limit visitors and guests, and the potential for higher costs of living due to the area's desirable location and amenities.

Is Pelican Bay a good place to live? +

Overall, Pelican Bay can be a great place to live for those who value a private, exclusive community with plenty of amenities and activities. While it may have some drawbacks, such as restricted access and higher costs, the area's natural beauty, range of outdoor activities, and high-quality restaurants and shops make it an attractive option for many people.

Pelican Bay, 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 Pelican Bay FL Properties: 0.9800%

📊 Average Income For Pelican Bay FL Commercial Property: $102,997

Investor Questions For Pelican Bay FL

Pelican Bay FL Real Estate & City Facts

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