Salina, KS Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Salina, Kansas Market population: 48K. Browse multifamily, office, retail, industrial, and mixed-use investment opportunities....
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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 Salina KS Properties: 1.4700%
⭐ 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 Salina KS
Common questions from investors exploring commercial real estate in Salina KS.
What is the overall investment potential of Salina, KS, considering its demographic and economic factors?
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The city's median household income of $43,874, combined with a relatively high poverty rate of 14.6% and a strong health insurance coverage rate of 88.8%, suggests a stable market with opportunities for investment in affordable housing. The top industries, including Construction and Finance & Insurance, indicate a diverse economy, while the average commute time of 14.2 minutes and high homeownership rate of 63.6% point to a desirable quality of life.
How does the ethnic diversity and foreign-born population impact the real estate market in Salina, KS?
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The city's ethnic diversity, with top ethnicities including White, White Non-Hispanic, and Hispanic, contributes to a vibrant cultural scene, which can attract businesses and residents. The relatively low foreign-born rate of 4.3% may indicate a more stable, long-term resident population, which can lead to lower vacancy rates and higher demand for rental properties, particularly in areas with easy commute access, such as those with average commute times of 14.2 minutes.
What are the key factors influencing the rental market in Salina, KS, and how do they impact investment decisions?
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The rental market in Salina, KS, is influenced by factors such as the poverty rate of 14.6%, health insurance coverage rate of 88.8%, and average commute time of 14.2 minutes. These factors suggest a working-class market with employment stability, solid infrastructure for renters, and a relatively low risk of tenant turnover, making it an attractive option for investors seeking stable rental income, particularly in the Construction and Finance & Insurance industries.
How does the income inequality and poverty rate in Salina, KS, affect the quality of tenants and property values?
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The income inequality, as measured by the GINI coefficient of 0.442, and poverty rate of 14.6% in Salina, KS, may impact the quality of tenants, with potentially higher delinquency rates and lower rent payments. However, the strong health insurance coverage rate of 88.8% and relatively high homeownership rate of 63.6% suggest a more stable population, which can help maintain property values and attract long-term tenants, particularly in areas with easy access to employment opportunities in the top industries.
What role do the top industries and commute methods play in shaping the real estate investment landscape in Salina, KS?
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The top industries, including Construction, Finance & Insurance, and Wholesale Trade, drive demand for housing and commercial properties in Salina, KS. The commute methods, such as driving alone, carpooling, and working from home, indicate a flexible and adaptable workforce, which can lead to a more stable and resilient real estate market, particularly in areas with low average commute times of 14.2 minutes, making it an attractive option for investors seeking to capitalize on the city's economic growth and diversity.
Salina KS Real Estate & City Facts
Key facts and real estate information about Salina KS.
What are some of the best neighborhoods to live in Salina?
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Some of the best neighborhoods to live in Salina include Sunset Park West, South Salina, and the east side of town, which is known for being newer and nicer. Additionally, neighborhoods like Kenwood Cove and Coronado Heights are also popular among residents.
What are some fun things to do in Salina?
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There are plenty of fun things to do in Salina, including visiting the Rolling Hills Zoo, Stiefel Theatre for the Performing Arts, and the Smoky Hill Museum. You can also explore the city's vibrant arts scene, go shopping and dining in the downtown area, or check out the Kenwood Cove Aquatic Park for some outdoor fun. The Garage, a car museum, is also a great place to visit.
What is the food scene like in Salina?
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The food scene in Salina is diverse and delicious, with a range of restaurants serving everything from barbecue to Italian cuisine. Some popular spots include YaYas Euro Bistro, Hickory Hut Barbecue, Martinelli's Little Italy, and The Cozy Inn. There are also plenty of great food trucks and cafes serving up tasty treats.
What are the pros and cons of living in Salina?
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The pros of living in Salina include its affordable housing, low cost of living, and friendly community. However, some cons include the city's limited job opportunities and tight housing market. Additionally, some residents may find the city's small-town feel to be a drawback. Overall, Salina is a great place to live for those who value a close-knit community and a relaxed pace of life.
Is Salina a good place to live?
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Salina is a good place to live for those who are looking for a small-town feel with a strong sense of community. The city has a lot to offer, including a vibrant arts scene, plenty of outdoor recreational opportunities, and a range of cultural events and attractions. While it may not be the best fit for everyone, Salina is a great choice for families, retirees, and individuals who value a relaxed pace of life and a close-knit community.
⭐ 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 Salina KS Commercial Property: $43,874
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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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