Rochester, KY Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Rochester, Kentucky Market population: 211K. Explore income-producing properties with verified cap rates and operating...
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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 Rochester NY Properties: 2.5100%
⭐ 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 Rochester NY
Common questions from investors exploring commercial real estate in Rochester NY.
What is the overall investment potential of Rochester, NY, considering its demographics and economy?
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Rochester, NY, with a population of 210,624 and a median age of 31.1, presents a unique investment opportunity. The city's median household income of $30,875, combined with a poverty rate of 31.0%, suggests a need for affordable housing. Additionally, the top industries, including Finance & Insurance, and Real Estate & Rental & Leasing, indicate a stable employment market, which is further supported by an employed population of 87,294 and a low average commute time of 19.0 minutes.
How does the ethnic diversity and income inequality in Rochester affect the real estate market?
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The ethnic diversity in Rochester, with top ethnicities including White (28.5%), Black (26.1%), and White Non-Hispanic (23.1%), contributes to a vibrant cultural scene, which can attract a wide range of tenants. However, the income inequality, as indicated by a GINI coefficient of 0.483, and the poverty rate of 31.0%, may impact the quality and stability of tenants, making it essential for investors to consider these factors when assessing potential returns.
What role do health insurance coverage and commute times play in evaluating the stability of the rental market in Rochester?
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The high health insurance coverage rate of 93.0% in Rochester suggests a relatively stable and healthy population, which can contribute to a lower turnover rate among tenants. Furthermore, the average commute time of 19.0 minutes, with top commute methods including driving alone, working from home, and carpooling, indicates a well-developed transportation infrastructure, making it easier for tenants to access employment opportunities and other amenities, thus enhancing the attractiveness and stability of the rental market.
How do the median property value and property taxes in Rochester impact the affordability and potential returns on investment for real estate investors?
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The median property value of $75,800 and median property taxes of $34,002 in Rochester must be carefully considered by investors. While the relatively low property values may offer affordable entry points for investment, the high property taxes could significantly impact cash flow and potential returns. Investors should weigh these factors against the rental income potential and the overall demand for housing in the area to determine the viability of their investment strategy.
What insights can be gleaned from the homeownership rate and top industries in Rochester for real estate investment decisions?
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The homeownership rate of 37.2% in Rochester indicates a significant rental market, which can be attractive for investors. Moreover, the top industries, including Finance & Insurance, and Real Estate & Rental & Leasing, suggest a strong demand for housing from employees in these sectors. This combination of a sizable rental market and stable employment opportunities can provide a solid foundation for real estate investments, especially for those focusing on rental properties that cater to the needs of workers in these industries.
Rochester NY Real Estate & City Facts
Key facts and real estate information about Rochester NY.
What are some of the best neighborhoods to live in Rochester?
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Some of the best neighborhoods to live in Rochester include Park Avenue, NOTA, South Wedge, Swillburg, Highland Park, Upper Monroe, and North Winton. Each neighborhood has its own unique character and amenities, such as walkability, historic charm, and vibrant atmosphere. For example, Park Avenue is known for its lively atmosphere and historic homes, while the South Wedge is a popular spot for young professionals and families.
What are some fun things to do in Rochester?
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Rochester has a lot to offer when it comes to things to do. Some popular attractions include The Strong National Museum of Play, George Eastman Museum, and Seabreeze Amusement Park. You can also visit the Genesee Country Village & Museum, National Susan B. Anthony Museum & House, or explore the city's many parks and festivals. If you're looking for something more low-key, you can check out the Rochester Public Market or take a stroll along the Genesee Riverway Trail.
What is the food scene like in Rochester?
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Rochester's food scene is a mix of traditional and modern cuisine, with a focus on local and seasonal ingredients. Some popular restaurants include Ardor Park Artisanal Pizza, CRISP Rochester, and Cheesey Eddie's. You can also find a variety of ethnic cuisines, such as Italian, Greek, and Mexican. There are also plenty of great food trucks and cafes throughout the city, serving everything from gourmet grilled cheese to artisanal coffee.
What are the pros and cons of living in Rochester?
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One of the pros of living in Rochester is its affordable cost of living, with a lower median home price compared to other cities in the state. The city also has a rich cultural scene, with numerous museums, galleries, and performance venues. However, one of the cons is the city's high poverty rate and limited job opportunities in certain industries. Additionally, the city's weather can be quite snowy and cold in the winter, which may be a challenge for some people. Overall, Rochester is a great place to live for those who value a low cost of living, a strong sense of community, and a vibrant cultural scene.
Is Rochester a good place to live?
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Rochester can be a great place to live, depending on your individual preferences and priorities. The city has a lot to offer, from its rich cultural scene and historic neighborhoods to its vibrant food scene and outdoor recreational opportunities. However, it's also important to consider the city's challenges, such as poverty and limited job opportunities. If you're looking for an affordable place to live with a strong sense of community and a low cost of living, Rochester may be a good fit for you. But if you're looking for a more fast-paced and economically vibrant city, you may want to consider other options.
⭐ 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 Rochester NY Commercial Property: $30,875
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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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