Scotia, SC High Income Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Scotia, South Carolina Market population: 8K. 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 Scotia NY Properties: 3.5700%
⭐ 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 Scotia NY
Common questions from investors exploring commercial real estate in Scotia NY.
What's the overall investment potential of Scotia, NY, considering its demographics and economy?
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Scotia, NY, with a population of 7,723 and a median age of 37.9, presents a stable investment market, given its median household income of $57,404 and a relatively low poverty rate of 7.0%, which is further bolstered by a high health insurance coverage rate of 97.0% and a diverse economy led by public administration, finance, and real estate industries.
How does the ethnic diversity and industry mix in Scotia impact real estate demand?
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The ethnic diversity in Scotia, with top ethnicities being White (47.8%), White Non-Hispanic (46.4%), and Hispanic (2.2%), combined with its industry mix including public administration, finance & insurance, and real estate, suggests a stable and potentially growing demand for housing, considering the area's low foreign-born rate of 2.4% and a GINI coefficient of 0.376 indicating moderate income inequality.
What are the implications of Scotia's commute times and health insurance coverage for real estate investors?
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The average commute time of 20.1 minutes in Scotia, along with top commute methods being drove alone, worked at home, and carpooled, indicates good infrastructure and flexibility for residents, which, coupled with a high health insurance coverage rate of 97.0%, suggests a stable and healthy workforce, potentially leading to reliable tenants and lower vacancy rates for investors.
How do poverty rates and employment statistics in Scotia influence the quality of tenants and property values?
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Scotia's poverty rate of 7.0% and an employed population of 4,026 suggest a working-class market with employment stability, which, when combined with a median property value of $150,000 and a homeownership rate of 71.4%, indicates a potential for stable property values and a pool of reliable, working-class tenants, further supported by the area's low unemployment and high health insurance coverage.
What role does the mix of industries and ethnic diversity play in the long-term appreciation of property values in Scotia?
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The mix of industries in Scotia, including public administration, finance, and real estate, along with its ethnic diversity, contributes to a dynamic local economy, which can drive long-term appreciation of property values, especially considering the area's relatively low poverty rate, high health insurance coverage, and moderate income inequality, suggesting a resilient and potentially growing market for real estate investments.
Scotia NY Real Estate & City Facts
Key facts and real estate information about Scotia NY.
What are some of the best neighborhoods to live in Scotia?
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Some of the best neighborhoods to live in Scotia include Scotia II, which is known for its affordability and friendliness. Other desirable areas tend to be in the west parts of the city, while more affordable homes are in the southeast regions. Neighborhoods like Niskayuna and Colonie are also popular options.
What are some fun things to do in Scotia?
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There are plenty of fun things to do in Scotia, including visiting the Empire State Aerosciences Museum, Collins Park, and I Love Lucy's Antiques. You can also explore the beautiful bike and hike trails, or check out attractions like Mountain Ridge Adventure, Maple Ski Ridge, and Upstate Kayak Rentals. If you're looking for indoor activities, you can visit the Flint House or the library.
What is the food scene like in Scotia?
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The food scene in Scotia is diverse and exciting, with plenty of great restaurants to choose from. Some popular options include Mohawk Taproom & Grill, Zaffron Kitchen, The Nest, Turf Tavern, and Jade Bistro. You can also find great pizza at Vley Rd Pizza or Viscos, and enjoy chicken wings at 20 North. There are also plenty of great food trucks and stands to try.
What are the pros and cons of living in Scotia?
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The pros of living in Scotia include its affordable housing, friendly community, and plenty of outdoor activities to enjoy. However, some cons include the need for a car to get around, as public transportation is limited. Additionally, some residents have noted that the village street parking ordinance can be a challenge. Overall, Scotia is a great place to live for those who value a close-knit community and easy access to nature.
Is Scotia a good place to live?
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Yes, Scotia is a good place to live, offering a unique blend of small-town charm and access to bigger city amenities. With its affordable housing, friendly community, and plenty of things to do, Scotia is an attractive option for families, young professionals, and retirees alike. While it may have some challenges, such as limited public transportation, the pros of living in Scotia far outweigh the cons.
⭐ 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 Scotia NY Commercial Property: $57,404
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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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