Westbrook, MN High Income Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Westbrook, Minnesota Market population: 18K. Compare commercial properties across all major asset classes with...
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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 Westbrook ME Properties: 1.8100%
⭐ 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 Westbrook ME
Common questions from investors exploring commercial real estate in Westbrook ME.
What is the overall investment potential of Westbrook, ME, considering its demographic and economic factors?
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The median household income of $44,465, combined with a relatively high poverty rate of 13.5% and a strong health insurance coverage of 94.3%, suggests a stable market with opportunities for growth, particularly in the professional and construction industries, which are among the top industries in the area.
How does the ethnic diversity and foreign-born population impact the demand for housing in Westbrook, ME?
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The city's diverse population, with top ethnicities including White, White Non-Hispanic, and Black, and a foreign-born rate of 4.3%, indicates a potential for a strong and varied demand for housing, driven by the needs of different cultural and socioeconomic groups, which can be supported by the top industries such as professional and construction services.
What are the key factors that contribute to the quality of life in Westbrook, ME, and how do they impact real estate investment?
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The average commute time of 21.2 minutes, top commute methods including driving alone and working from home, and a high health insurance coverage rate of 94.3% all contribute to a high quality of life, making Westbrook an attractive location for renters and homeowners, which can lead to a stable and potentially appreciating real estate market.
How do the poverty rate and income inequality impact the tenant quality and potential for rental income in Westbrook, ME?
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The poverty rate of 13.5% and a gini coefficient of 0.465 indicate some level of income inequality, but the strong health insurance coverage and relatively high median household income suggest a working-class market with employment stability, which can support a steady rental income and attract reliable tenants.
What role do the top industries and occupations play in shaping the real estate market and investment opportunities in Westbrook, ME?
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The top industries, including professional, scientific, and management services, as well as construction, drive the demand for housing, particularly for workers in these sectors, and the top occupations, such as management and service occupations, also contribute to the stability of the market, making it an attractive location for real estate investment, with potential for long-term appreciation and rental yields.
Westbrook ME Real Estate & City Facts
Key facts and real estate information about Westbrook ME.
What are some of the best neighborhoods to live in Westbrook?
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Some of the best neighborhoods to live in Westbrook include North Scarborough, Stroudwater, and the central parts of the city. These areas are known for their peaceful atmosphere, beautiful landscaping, and historic homes. However, it's worth noting that the most desired areas tend to be in the central parts of the city, while more affordable homes are in the southeast regions.
What are some fun things to do in Westbrook?
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There are plenty of fun things to do in Westbrook, including visiting the Smiling Hill Farm, taking a stroll along the Westbrook River Walk, and exploring the historic mill buildings and waterfall in the heart of the city. You can also check out the Maine Savings Pavilion, Riverbank Park, and Saccarappa Park for some outdoor activities. Additionally, the city has a thriving craft beer scene, with places like Mast Landing Brewing Company and Legends Rest Taproom.
What is the food scene like in Westbrook?
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The food scene in Westbrook is diverse and thriving, with a range of restaurants serving everything from traditional American cuisine to Vietnamese and Mexican food. Some popular spots include Casa Novello, Rio Bravo Tacos & Tequila, Lenny's Pub, and Angelone's. There are also plenty of great food trucks and cafes to grab a quick bite or coffee. For a more upscale dining experience, you can try out some of the classy restaurants in the area, such as Wayside Tavern or The Independent Ice.
What are the pros and cons of living in Westbrook?
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The pros of living in Westbrook include its peaceful atmosphere, beautiful landscaping, and historic homes. The city also has a thriving craft beer scene and a diverse range of restaurants. However, some cons include the fact that the most desired areas tend to be in the central parts of the city, while more affordable homes are in the southeast regions. Additionally, the city may not have as many job opportunities as larger cities, and the commute time can be around 21 minutes. Overall, Westbrook is a great place to live for those who value a peaceful and historic atmosphere, but may not be the best fit for those looking for a more fast-paced urban lifestyle.
Is Westbrook a good place to live?
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Westbrook is a great place to live for those who value a peaceful and historic atmosphere, with a strong sense of community and a range of outdoor activities to enjoy. While it may not have as many job opportunities as larger cities, the city has a thriving craft beer scene and a diverse range of restaurants. Additionally, the city is relatively affordable, with a median property value of $197,500 and a median gross rent of $934. Overall, Westbrook is a good place to live for those who are looking for a relaxed and historic atmosphere, but may not be the best fit for those looking for a more fast-paced urban lifestyle.
⭐ 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 Westbrook ME Commercial Property: $44,465
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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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