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Richland, PA Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Richland, Pennsylvania Market population: 55K. Compare commercial properties across all major asset classes with...

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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

πŸ“Š Avg Property Tax Rate For Richland WA Properties: 82.0000%

πŸ“Š Average Income For Richland WA Commercial Property: $69,398

Investor Questions For Richland WA

Common questions from investors exploring commercial real estate in Richland WA.

What is the overall quality of life in Richland, WA, and how does it impact the real estate market? +
The 19.5-minute average commute time and 95.5% health insurance coverage in Richland, WA, indicate a high quality of life, which can lead to a stable and attractive real estate market for investors, especially when combined with a relatively low poverty rate of 9.1% and a strong median household income of $69,398.
How does the demographic diversity of Richland, WA, influence the demand for real estate? +
The city's ethnic diversity, with 81.2% White, 14.1% Hispanic, and 4.3% Asian populations, contributes to a vibrant community, and when paired with top industries like Public Administration, Healthcare & Social Assistance, and Retail Trade, it creates a robust demand for real estate, driven by a diverse and employed population of 23,225.
What are the key factors that affect the rental market in Richland, WA? +
The 73.2% homeownership rate and $283,400 median property value suggest a strong owner-occupied market, but the 9.1% poverty rate and $69,398 median household income also indicate a potential for rental demand, particularly when considering the 19.5-minute average commute time and the fact that 83.1% of residents drove alone to work, highlighting the need for convenient and affordable housing options.
How does the economic profile of Richland, WA, impact the attractiveness of real estate investments? +
The city's median household income of $69,398, employed population of 23,225, and top industries like Public Administration and Healthcare & Social Assistance contribute to a stable economy, which, when combined with a relatively low poverty rate of 9.1% and a high health insurance coverage rate of 95.5%, makes Richland, WA, an attractive location for real estate investments.

Richland WA Real Estate & City Facts

Key facts and real estate information about Richland WA.

What is the average commute time in Richland, WA? +
The average commute time in Richland, WA, is 19.5 minutes.
What is the median property value in Richland, WA? +
The median property value in Richland, WA, is $283,400.
What is the poverty rate in Richland, WA? +
The poverty rate in Richland, WA, is 9.1%.
What is the health insurance coverage rate in Richland, WA? +
The health insurance coverage rate in Richland, WA, is 95.5%.
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