St. Andrews, SC High Income Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in St. Andrews, South Carolina Market population: 21K. Compare commercial properties across all major asset...
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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 St. Andrews SC Properties: 0.5900%
⭐ 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 St. Andrews SC
Common questions from investors exploring commercial real estate in St. Andrews SC.
What's the overall investment potential of St. Andrews, SC, considering its demographic and economic factors?
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The city's median household income of $32,537, combined with a poverty rate of 23.3% and an employed population of 10,217, suggests a working-class market with some employment stability. The top industries, including Information and Public Administration, indicate a diverse economy, while the 83.5% health insurance coverage rate and 19.9-minute average commute time suggest a relatively stable quality of life for residents.
How does the ethnic diversity and industry mix in St. Andrews impact the real estate market?
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The city's ethnic diversity, with 51.1% Black, 19.2% White, and 18.6% White Non-Hispanic populations, contributes to a vibrant community. The top industries, including Information and Public Administration, drive demand for housing, particularly with the presence of Other Services Except Public Administration, which can attract a diverse range of tenants. This diversity can lead to a more resilient rental market.
What are the implications of St. Andrews' poverty rate and health insurance coverage for real estate investors?
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The 23.3% poverty rate, although relatively high, is somewhat mitigated by the 83.5% health insurance coverage, indicating that many residents have access to employment with benefits. This combination suggests that investors may find a working-class tenant base with some stability, but it's crucial to carefully assess property locations and tenant screening processes.
How do the commute times and transportation methods in St. Andrews affect the attractiveness of the area for renters?
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The average commute time of 19.9 minutes, which is relatively short, and the top commute methods of driving alone, working from home, or carpooling, suggest that the city has convenient transportation options. This can make the area more appealing to renters who value easy access to work and other amenities, potentially supporting rental demand and property values.
What insights can be gleaned from the median property value, property taxes, and homeownership rate in St. Andrews for real estate investment decisions?
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The median property value of $107,400 and median property taxes of $3,301 indicate relatively affordable housing options. The 32.7% homeownership rate, although lower than some areas, suggests a significant rental market. Investors should consider these factors when evaluating potential returns on investment, weighing the benefits of affordable property prices against the potential for rental income and property appreciation.
St. Andrews SC Real Estate & City Facts
Key facts and real estate information about St. Andrews SC.
What are some of the best neighborhoods to live in St. Andrews?
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Some of the best neighborhoods to live in St. Andrews include Forest Acres, which is known for its central location and more affordable homes can be found in the north regions. Additionally, neighborhoods like the ones near Riverbanks Zoo & Garden and the Saluda Shoals Park area are also popular among residents.
What are some fun things to do in St. Andrews?
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There are plenty of fun things to do in St. Andrews, including visiting the Riverbanks Zoo & Garden, exploring the South Carolina State Museum, and enjoying the outdoors at Saluda Shoals Park. You can also check out the shops and restaurants along Main Street, or visit the nearby Frankie's Fun Park for some entertainment.
What is the food scene like in St. Andrews?
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The food scene in St. Andrews is diverse and exciting, with a range of restaurants serving everything from traditional Southern cuisine to international flavors. Some popular spots include Inakaya Watanabe, Soul Wok, and Real Mexico Restaurant Y Tienda. There are also plenty of great food trucks and local eateries to try.
What are the pros and cons of living in St. Andrews?
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One of the pros of living in St. Andrews is its central location, making it easy to access other parts of the city. However, some areas can be quite crowded and traffic can be a challenge. Additionally, the cost of living in St. Andrews can be higher than in other parts of the city. On the other hand, the neighborhood has a lot to offer in terms of amenities, including parks, restaurants, and shops.
Is St. Andrews a good place to live?
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Overall, St. Andrews can be a great place to live, depending on your individual preferences and priorities. It offers a unique blend of urban and suburban living, with plenty of amenities and activities to enjoy. However, it's worth considering factors like traffic, cost of living, and crowds when deciding whether St. Andrews is the right fit for you.
⭐ 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 St. Andrews SC Commercial Property: $32,537
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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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