Somers Point, NJ High Income Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Somers Point, New Jersey Market population: 11K. Browse multifamily, office, retail, industrial, and mixed-use...
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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 Somers Point NJ Properties: 3.3400%
⭐ 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 Somers Point NJ
Common questions from investors exploring commercial real estate in Somers Point NJ.
What's the overall investment potential of Somers Point, NJ, considering its demographic and economic factors?
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Somers Point's relatively low poverty rate of 12.2% and high health insurance coverage of 88.8% suggest a stable workforce, while its top industries in manufacturing and public administration indicate a diverse economy, making it an attractive location for real estate investment, especially with a median property value of $239,000.
How does the city's ethnic diversity and commute time impact the rental market?
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The city's ethnic diversity, with a mix of White, White Non-Hispanic, and Black populations, contributes to a vibrant community, and with an average commute time of 24.9 minutes, renters can easily access employment opportunities, making it an appealing location for tenants, which can lead to higher rental yields.
What are the implications of Somers Point's income inequality and homeownership rate for real estate investors?
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The city's GINI coefficient of 0.436 indicates a moderate level of income inequality, but with a median household income of $47,333 and a homeownership rate of 54.9%, there is still a sizable market for rentals, particularly with a relatively low poverty rate, suggesting that investors can find a balance between affordable and profitable investment opportunities.
How do the top industries in Somers Point influence the demand for real estate?
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The presence of manufacturing, public administration, and finance industries in Somers Point creates a demand for housing from employees in these sectors, and with a foreign-born rate of 4.8%, there may also be opportunities to cater to diverse tenant needs, which can help investors capitalize on the local economy's strengths and stabilize their rental income.
What role do health insurance coverage and commute methods play in assessing the quality of life for tenants in Somers Point?
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The high health insurance coverage rate of 88.8% and relatively short average commute time of 24.9 minutes, with a preference for driving alone or carpooling, indicate a good quality of life for tenants, which can lead to higher tenant retention rates and reduced vacancy periods for investors, making Somers Point an attractive location for rental properties.
Somers Point NJ Real Estate & City Facts
Key facts and real estate information about Somers Point NJ.
What are some of the best neighborhoods to live in Somers Point?
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Some of the best neighborhoods to live in Somers Point include the west parts of the city, which tend to be more desirable, and the east regions, which offer more affordable homes. Beesley's Point and Somers Point are also popular areas, with Somers Point being very walkable and offering plenty of restaurants and a small beach.
What are some fun things to do in Somers Point?
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There are plenty of fun things to do in Somers Point, including visiting the John F. Kennedy Park, Great Egg Harbor Bay, and the Chora leone gallery. You can also catch a show at the Gateway Playhouse or take a stroll along the Somers Point Bike Path and Bayfront. Additionally, the city offers a variety of waterfront dining options along Bay Avenue.
What is the food scene like in Somers Point?
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The food scene in Somers Point is vibrant and diverse, with a range of restaurants to choose from, including The Crab Trap, Anchorage Tavern & Restaurant, and Smitty's Clam Bar. There are also plenty of great food trucks and casual eateries, such as Marsini's Kitchen, which serves delicious takeout. For a night out, you can try Queen Jayne's Lounge & Royal Drinkery or Josie Kelly's Public House.
What are the pros and cons of living in Somers Point?
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The pros of living in Somers Point include its peaceful and family-friendly atmosphere, clean beaches, and vibrant community. However, some cons include the city's relatively high poverty rate and income inequality. Additionally, the city's small size may limit job opportunities and entertainment options. Overall, Somers Point is a great place to live for those who value a relaxed, coastal lifestyle.
Is Somers Point a good place to live?
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Somers Point is a good place to live for those who enjoy a relaxed, coastal lifestyle and are looking for a peaceful and family-friendly community. While it may have some drawbacks, such as limited job opportunities and a high poverty rate, the city's many amenities and attractions make it an attractive option for many people. Ultimately, whether or not Somers Point is a good place to live depends on your individual priorities and preferences.
⭐ 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 Somers Point NJ Commercial Property: $47,333
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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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