Sunny Isles Beach, FL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Sunny Isles Beach, Florida Market population: 21K. Browse multifamily, office, retail, industrial, and mixed-use...

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Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127

$2,450,000

Miami Multifamily (Condo)

Discover a prime investment opportunity at 136 NW 26th St in Miami, Florida. This Class B multifamily condo property, bu...

Cap Rate %

NOI $0

Size 30,000 SF

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📊 Avg Property Tax Rate For Sunny Isles Beach FL Properties: 1.4900%

📊 Average Income For Sunny Isles Beach FL Commercial Property: $45,779

Investor Questions For Sunny Isles Beach FL

Common questions from investors exploring commercial real estate in Sunny Isles Beach FL.

What is the overall investment potential of Sunny Isles Beach, FL? +

The city's median household income of $45,779, combined with a poverty rate of 13.8% and 87.8% health insurance coverage, suggests a relatively stable market with a mix of working-class and affluent residents. The top industries, including Finance & Insurance and Real Estate & Rental & Leasing, also indicate a strong demand for housing. Additionally, the average commute time of 29.7 minutes and high rate of health insurance coverage contribute to a desirable quality of life, making it an attractive location for investors.

How does the demographic diversity of Sunny Isles Beach impact real estate investment? +

The city's diverse population, with top ethnicities including White (42.6%), White Non-Hispanic (25.6%), and Hispanic (22.8%), suggests a culturally rich and vibrant community. This diversity, combined with a median age of 49.3 and a relatively high homeownership rate of 52.2%, indicates a stable and established community, which can contribute to a strong and consistent demand for housing. Furthermore, the city's foreign-born population and top industries, such as Manufacturing and Information, also play a role in shaping the local economy and housing market.

What are the key factors to consider when evaluating the rental market in Sunny Isles Beach? +

The rental market in Sunny Isles Beach is influenced by factors such as the median property value of $263,100, median property taxes of $6,006, and an average commute time of 29.7 minutes. The city's poverty rate of 13.8% and health insurance coverage of 87.8% also suggest a relatively stable tenant base. Additionally, the top commute methods, including driving alone and working from home, indicate a flexible and adaptable workforce, which can impact rental demand and pricing.

How does the local economy impact real estate investment in Sunny Isles Beach? +

The city's top industries, including Finance & Insurance, Real Estate & Rental & Leasing, and Manufacturing, contribute to a strong and diverse local economy. The employed population of 9,800 and median household income of $45,779 also indicate a stable and growing economy. Furthermore, the GINI coefficient of 0.606 suggests a relatively high level of income inequality, which can impact the demand for different types of housing and investment opportunities. The city's poverty rate and health insurance coverage also play a role in shaping the local economy and housing market.

What are the implications of the city's quality of life metrics for real estate investment? +

The average commute time of 29.7 minutes, top commute methods, and health insurance coverage of 87.8% all contribute to a desirable quality of life in Sunny Isles Beach. The city's median age of 49.3 and homeownership rate of 52.2% also suggest a stable and established community. Additionally, the median property value of $263,100 and median property taxes of $6,006 indicate a relatively high cost of living, which can impact rental yields and investment returns. The city's quality of life metrics, combined with its demographic diversity and local economy, make it an attractive location for investors seeking a balanced and stable market.

Sunny Isles Beach FL Real Estate & City Facts

Key facts and real estate information about Sunny Isles Beach FL.

What are some of the best neighborhoods to live in Sunny Isles Beach? +

Some of the best neighborhoods to live in Sunny Isles Beach include the southeast parts of the city, which tend to be more desirable, as well as areas like Bal Harbour and Aventura. You can also consider neighborhoods with top condos like Jade Ocean, Jade Signature, and Chateau Beach Residences.

What are some fun things to do in Sunny Isles Beach? +

There are plenty of fun things to do in Sunny Isles Beach, such as visiting Haulover Beach Park, Pier Park, and Town Center Park. You can also enjoy water sports like jet skiing and paddleboarding, or explore the nearby Oleta River State Park for kayaking and biking. Additionally, you can check out attractions like the Paradox Museum Miami, Jungle Island, and the Miami Seaquarium.

What is the food scene like in Sunny Isles Beach? +

The food scene in Sunny Isles Beach is diverse and exciting, with a range of restaurants serving different cuisines. Some popular spots include Avra Miami, Timo Restaurant & Bar, Gili's Beach Club, and BALEENkitchen. You can also find great fine dining options like Lique Miami, Casa D'Angelo Aventura, and Michael's Genuine Food & Drink. There are also plenty of great food trucks and casual eateries to grab a bite on the go.

What are the pros and cons of living in Sunny Isles Beach? +

The pros of living in Sunny Isles Beach include its beautiful beaches, luxurious amenities, and convenient location. However, some cons include the high cost of living, traffic, and crowds during peak season. Additionally, some areas of the city can be quite dense and noisy, so it's worth researching different neighborhoods to find the best fit for your lifestyle.

Is Sunny Isles Beach a good place to live? +

Overall, Sunny Isles Beach can be a great place to live, offering a unique blend of luxury, natural beauty, and convenience. While it may have its drawbacks, the city's many amenities, attractions, and activities make it an attractive option for those who want to enjoy the best of Miami's beach lifestyle. As with any city, it's worth weighing the pros and cons and considering factors like budget, lifestyle, and personal preferences before making a decision.

Sunny Isles Beach, FL Commercial Investment Properties for Sale

Don’t just search properties. See why investors choose REI Capital.

Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127

📊 Avg Property Tax Rate For Sunny Isles Beach FL Properties: 1.4900%

📊 Average Income For Sunny Isles Beach FL Commercial Property: $45,779

Investor Questions For Sunny Isles Beach FL

Sunny Isles Beach FL Real Estate & City Facts

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