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Suffolk, VA Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Suffolk, Virginia Market population: 85K. Compare commercial properties across all major asset classes with...

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Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset

$1,375,000
Philadelphia Multifamily

Discover a prime investment opportunity at 1531 Green St in Philadelphia, PA, a dynamic multifamily property offering co...

Cap Rate %
NOI $0
Size 6,624 SF
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📊 Avg Property Tax Rate For Suffolk VA Properties: 9.2000%

📊 Average Income For Suffolk VA Commercial Property: $66,085

Investor Questions For Suffolk VA

Common questions from investors exploring commercial real estate in Suffolk VA.

What makes Suffolk, VA an attractive market for real estate investment? +
The city's median household income of $66,085, combined with a relatively low poverty rate of 10.5% and high health insurance coverage of 92.2%, suggests a stable and employed population, making it an attractive market for real estate investment. Additionally, the top industries in Public Administration, Wholesale Trade, and Professional Services indicate a diverse economy. The average commute time of 28.1 minutes and high homeownership rate of 70.2% also contribute to the city's appeal.
How does the ethnic diversity of Suffolk, VA impact the real estate market? +
The city's ethnic diversity, with a mix of White, White Non-Hispanic, and Black populations, can lead to a more vibrant and dynamic community, which can be attractive to renters and buyers. The diversity, combined with a strong economy and low poverty rate, can also contribute to a more stable and resilient real estate market. Furthermore, the city's median property value of $242,000 and median property taxes of $22,373 indicate a relatively affordable housing market.
What are the key factors to consider when evaluating the quality of life in Suffolk, VA for real estate investment? +
The average commute time of 28.1 minutes, top commute methods of driving alone, working from home, and carpooling, and high health insurance coverage of 92.2% all contribute to a high quality of life in Suffolk, VA. Additionally, the city's median age of 38.1 and employed population of 38,160 suggest a stable and working-age population, which can lead to a strong demand for housing. The GINI coefficient of 0.409 also indicates a relatively low level of income inequality.
How does the economy of Suffolk, VA impact the real estate market? +
The city's diverse economy, with top industries in Public Administration, Wholesale Trade, and Professional Services, can lead to a stable and resilient real estate market. The median household income of $66,085 and employed population of 38,160 also suggest a strong economy, which can support a high demand for housing. Furthermore, the city's poverty rate of 10.5% and health insurance coverage of 92.2% indicate a relatively low level of economic distress.
What are the implications of Suffolk, VA's housing market for real estate investors? +
The city's median property value of $242,000, median property taxes of $22,373, and homeownership rate of 70.2% all suggest a relatively affordable and stable housing market. The average commute time of 28.1 minutes and top commute methods also indicate a convenient and accessible location, which can lead to a high demand for housing. Additionally, the city's ethnic diversity and strong economy can contribute to a vibrant and dynamic community, making it an attractive market for real estate investment.

Suffolk VA Real Estate & City Facts

Key facts and real estate information about Suffolk VA.

What is the median household income in Suffolk, VA? +
The median household income in Suffolk, VA is $66,085.
What is the poverty rate in Suffolk, VA? +
The poverty rate in Suffolk, VA is 10.5%.
What is the median property value in Suffolk, VA? +
The median property value in Suffolk, VA is $242,000.
What is the median property tax in Suffolk, VA? +
The median property tax in Suffolk, VA is $22,373.
What is the homeownership rate in Suffolk, VA? +
The homeownership rate in Suffolk, VA is 70.2%.

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Property Types by City

Multifamily - Abbs Valley, VA Apartment Building - Abbs Valley, VA Multifamily (Condo) - Abbs Valley, VA Multifamily - Abingdon, VA Apartment Building - Abingdon, VA Multifamily (Condo) - Abingdon, VA Multifamily - Accomac, VA Apartment Building - Accomac, VA Multifamily (Condo) - Accomac, VA Multifamily - Adwolf, VA Apartment Building - Adwolf, VA Multifamily (Condo) - Adwolf, VA Multifamily - Afton, VA Apartment Building - Afton, VA Multifamily (Condo) - Afton, VA