Wickliffe, KY Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Wickliffe, Kentucky Market population: 13K. 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 Wickliffe OH Properties: 2.5800%
⭐ 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 Wickliffe OH
Common questions from investors exploring commercial real estate in Wickliffe OH.
What's the overall investment outlook for Wickliffe, OH?
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With a median household income of $47,155 and a relatively low poverty rate of 7.2%, Wickliffe, OH presents a stable investment market, further supported by a high health insurance coverage rate of 94.4% and a short average commute time of 19.9 minutes, indicating a reliable and employed population.
How does the local economy impact rental demand?
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The top industries in Wickliffe, OH, including Wholesale Trade and Public Administration, contribute to a strong and diverse economy, which, combined with the city's ethnic diversity, such as a significant White population and a smaller but present Black community, suggests a steady demand for rentals from a varied workforce, with 79.5% homeownership rate implying a potential for long-term tenants.
What are the key factors influencing property values in Wickliffe, OH?
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The median property value of $126,200, coupled with median property taxes of $4,472, indicates a balanced cost of ownership, while the Gini coefficient of 0.399 suggests a moderate level of income inequality, which, alongside the low poverty rate of 7.2% and high health insurance coverage of 94.4%, may contribute to stable property values and a favorable investment environment.
How does the commute and transportation infrastructure affect the quality of life for residents?
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The average commute time of 19.9 minutes, with the majority driving alone or working from home, and a significant portion carpooling, suggests that Wickliffe, OH offers a convenient and relatively stress-free commute, enhancing the quality of life for residents and potentially attracting more tenants and buyers, especially when considering the city's median age of 43.4 and the implications for family and career stability.
What role does demographic diversity play in the investment potential of Wickliffe, OH?
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The demographic makeup of Wickliffe, OH, with its predominant White population and smaller Black community, alongside a foreign-born rate that is not significant enough to be reported, suggests a relatively homogeneous community, but one that is stable and potentially less prone to rapid demographic shifts, which, combined with a high employment rate and low poverty, makes for an attractive investment landscape, especially considering the top industries and their impact on local job markets and, by extension, rental and property demand.
Wickliffe OH Real Estate & City Facts
Key facts and real estate information about Wickliffe OH.
What are some of the best neighborhoods to live in Wickliffe?
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Some of the best neighborhoods to live in Wickliffe, OH, are the east parts of the city, which tend to be more desired, while more affordable homes are in the west regions. According to Nextdoor, Wickliffe is a peaceful, family-friendly neighborhood with easy freeway access.
What are some fun things to do in Wickliffe?
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There are plenty of fun things to do in Wickliffe, OH, such as visiting the Great Lakes Science Center, exploring the Lake Erie Bluffs, or playing at the city pool in the summer. You can also check out the Squire's Castle, the Blue Ridge Trail, or the Chagrin River Park for some outdoor activities.
What is the food scene like in Wickliffe?
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The food scene in Wickliffe, OH, offers a variety of options, including Italian restaurants like Dino's Restaurant and Vittorio's Buon Appetito, as well as other cuisines like Austin's Smokin' Steakhouse and Sausalito Restaurant & Bar. There are also plenty of great food trucks and local eateries to try.
What are the pros and cons of living in Wickliffe?
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The pros of living in Wickliffe, OH, include its peaceful and family-friendly atmosphere, easy freeway access, and affordable housing options. However, some cons might include the limited number of job opportunities and entertainment options compared to larger cities. Overall, Wickliffe is a great place to live for those who value a quiet and suburban lifestyle.
Is Wickliffe a good place to live?
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Wickliffe, OH, is a good place to live for those who value a peaceful and suburban lifestyle. With its easy freeway access, affordable housing options, and variety of outdoor activities, Wickliffe offers a great balance of comfort and convenience. However, it may not be the best fit for those who prefer a more urban lifestyle or require a wide range of job opportunities.
⭐ 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 Wickliffe OH Commercial Property: $47,155
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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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