Pitman, NJ Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Pitman, New Jersey Market population: 9K. 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
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Pitman NJ Properties: 1.2700%
⭐ 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 Pitman NJ
Common questions from investors exploring commercial real estate in Pitman NJ.
What's the overall investment potential of Pitman, NJ, considering its demographics and economy?
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Pitman, NJ, with a population of 8,982 and a median age of 41.7, presents a stable investment environment, given its median household income of $71,727, low poverty rate of 6.4%, and a diverse economy led by public administration, wholesale trade, and finance & insurance industries, suggesting a robust market demand.
How does the city's commute time and health insurance coverage impact the quality of life for renters and, by extension, real estate investment stability?
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The average commute time of 24.1 minutes, combined with a high health insurance coverage rate of 94.2%, indicates a good quality of life for residents, which can lead to a more stable rental market, as tenants are likely to be employed and have access to healthcare, reducing the risk for investors.
What role does ethnic diversity and the top industries play in assessing market demand for real estate investments in Pitman, NJ?
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The ethnic diversity, with top ethnicities being White (48.1%) and White Non-Hispanic (47.3%), alongside a foreign-born rate of 4.5%, suggests a relatively homogeneous but slightly diverse community, while the top industries, including public administration and finance & insurance, indicate a stable employment base, which can drive demand for housing and support real estate investment.
How do poverty rates, health insurance coverage, and median property values interact to influence the attractiveness of Pitman, NJ, as a real estate investment destination?
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The low poverty rate of 6.4%, high health insurance coverage of 94.2%, and a median property value of $206,700 suggest a working-class market with employment stability and access to healthcare, making it an attractive location for real estate investments, as it indicates a lower risk of tenant default and higher potential for property appreciation.
In what ways do the homeownership rate, median property taxes, and commute methods in Pitman, NJ, affect the decision-making process for real estate investors?
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A high homeownership rate of 73.4%, moderate median property taxes of $2,640, and commute methods dominated by driving alone and working from home, suggest a suburban setting with a strong preference for ownership over renting, which investors should consider when evaluating the potential for rental income versus the costs and benefits of property ownership in the area.
Pitman NJ Real Estate & City Facts
Key facts and real estate information about Pitman NJ.
What are some of the best neighborhoods to live in Pitman?
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Some of the best neighborhoods to live in Pitman include Pitman Southwest, which is known for its walkability and dog-friendly parks. Other neighborhoods, such as the area around Broadway, offer a mix of historic homes and newer construction. According to reviews on Nextdoor, Pitman Southwest is a peaceful and family-friendly neighborhood, while Reddit users praise the town's small-town feel and community events.
What are some fun things to do in Pitman?
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Pitman has a variety of attractions and activities to enjoy, including the Broadway Theatre, Pitman Gallery & Art Center, and the Pitman Historical Museum. Visitors can also stroll along the brick-paved sidewalks of downtown Pitman and explore the town's many shops and restaurants. For outdoor enthusiasts, there are several parks and nature reserves in the area, including the Pitman Park and the Gloucester County Preserve.
What is the food scene like in Pitman?
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Pitman has a thriving food scene, with a variety of restaurants serving everything from classic American cuisine to international flavors. Some popular spots include The Gentle Giant Cafe, Sweet Lulas, and Merryman's Pub, which offer a range of options for breakfast, lunch, and dinner. The town is also home to several craft breweries and taprooms, such as Neck Of The Woods Brewing and Carolina Blue, which offer a selection of local beers and live music events.
What are the pros and cons of living in Pitman?
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Pitman is a charming town with a strong sense of community, offering a range of pros and cons for residents. On the plus side, the town has a walkable downtown area, a variety of community events, and a relatively low cost of living. However, some residents may find the town's small size and limited job opportunities to be drawbacks. Additionally, traffic and parking can be a challenge in the downtown area, especially during peak hours or special events.
Is Pitman a good place to live?
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Overall, Pitman is a great place to live for those who value a strong sense of community, a charming small-town atmosphere, and a range of local amenities. While it may not be the best fit for everyone, particularly those looking for a more urban or fast-paced lifestyle, Pitman offers a unique blend of historic charm and modern convenience that makes it an attractive option for many residents. As one Reddit user noted, 'Pitman is a good place to raise kids, small enough that you know everyone but not completely dead like some other South Jersey towns.'
⭐ 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 Pitman NJ Commercial Property: $71,727
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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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