Terryville, NY Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Terryville, New York Market population: 12K. Explore income-producing properties with verified cap rates and...

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📊 Average Cap Rate For Terryville NY Properties: 6.86%

⭐ Featured

190 Manhattan Ave, Buffalo, NY â€“ Prime Multifamily Investment with 7.56% Cap Rate

$6,500,000

Buffalo Multifamily

Discover a compelling investment in Buffaloâ€™s vibrant market with this 65,000-square-foot garden-style apartment prope...

Cap Rate 7.56%

NOI $491,400

Size 65,000 SF

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📊 Avg Property Tax Rate For Terryville NY Properties: 3.8500%

⭐ Featured

Prime Buffalo Multifamily Investment: 12-Unit Apartment Building with 6.16% Cap Rate

$1,750,000

Buffalo Multifamily

Discover a compelling multifamily investment opportunity in Buffalo, NY. This 12-unit apartment building, priced at $1,7...

Cap Rate 6.16%

NOI $107,842

Size 8,640 SF

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Investor Questions For Terryville NY

Common questions from investors exploring commercial real estate in Terryville NY.

What's the overall investment potential of Terryville, NY? +

With a median household income of $93,375 and a relatively low poverty rate of 5.1%, Terryville, NY presents a stable investment market, further supported by its high health insurance coverage rate of 95.7% and a strong employment base in industries like Healthcare, Retail, and Manufacturing.

How does the local economy impact rental demand? +

The diverse economy, led by top industries such as Healthcare, Retail, and Manufacturing, combined with a significant portion of the population being foreign-born and representing various ethnicities like White, Hispanic, and Asian, suggests a robust rental demand, especially considering the average commute time of 34.5 minutes and the prevalence of drive-alone, carpool, and public transportation commute methods.

What are the key factors influencing property values in Terryville, NY? +

The median property value of $343,400, coupled with a median property tax of $6,543 and a high homeownership rate of 79.3%, indicates a stable and potentially appreciating property market, which is further reinforced by the area's low poverty rate of 5.1% and high health insurance coverage of 95.7%, suggesting a market with reliable and stable tenants.

How does the demographic makeup of Terryville, NY affect its attractiveness to investors? +

The median age of 41.5, combined with a diverse ethnic makeup including White, Hispanic, and Asian populations, and a foreign-born rate of 13.5%, suggests a vibrant and diverse community, which, when considered alongside the low poverty rate and high employment in stable industries, makes Terryville, NY an attractive location for real estate investment, offering a balance of stability and potential for growth.

What role does commute time and transportation play in the investment potential of Terryville, NY? +

The average commute time of 34.5 minutes, while slightly above the national average, is mitigated by the variety of commute methods available, including drive-alone, carpool, and public transportation, indicating a well-connected community, and when combined with the high health insurance rate of 95.7% and low poverty rate of 5.1%, it suggests a population with good job stability and access to healthcare, making for a more reliable tenant base and thus a more attractive investment opportunity.

Terryville NY Real Estate & City Facts

Key facts and real estate information about Terryville NY.

What are some of the best neighborhoods to live in Terryville? +

Some of the best neighborhoods to live in Terryville include areas near Boyle Road in Selden and Centereach, which are similar to Terryville. Terryville Road is also a peaceful, family-friendly neighborhood in Port Jefferson Station.

What are some fun things to do in Terryville? +

There are several fun things to do in Terryville, including visiting the Lock Museum of America, Wood Acres Farm, and Eli Terry Jr. Waterwheel. You can also explore the natural preserves, historical sites, and scenic trails in the area.

What is the food scene like in Terryville? +

The food scene in Terryville offers a variety of options, including Bellissimo Pizzeria & Pasta, Mirabelle Restaurant & Tavern, and Curry Club for Indian food. There are also recommendations for restaurants in Port Jefferson, such as Tara's upper port for lobster and fried shrimp baskets, and Ruvo for finer dining.

What are the pros and cons of living in Terryville? +

The pros of living in Terryville include its highly rated schools, convenient parks, and quick access to Port Jefferson. However, the area may have some drawbacks, such as traffic and limited nightlife options. Overall, it's a great place to live for families and those who want a peaceful, suburban environment.

Is Terryville a good place to live? +

Terryville can be a good place to live, depending on your individual preferences and priorities. It offers a mix of suburban charm, natural beauty, and convenient access to amenities. While it may not be suitable for everyone, it's definitely worth considering for those who value a peaceful, community-oriented lifestyle.