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Willoughby, OH Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Willoughby, Ohio Market population: 22K. Explore income-producing properties with verified cap rates and operating...

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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

Discover a compelling real estate investment in the vibrant city of Oakland, California. This property at 5476 Vicente W...

Cap Rate 2.70%
NOI $32,400
Size 1,800 SF

📊 Avg Property Tax Rate For Willoughby OH Properties: 2.1100%

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High-Cap-Rate Value-Add Multifamily Investment in Oakland

$2,299,999
Oakland Multifamily

Discover a compelling value-add opportunity in Oakland’s vibrant real estate market. This six-unit multifamily propert...

Cap Rate 7.97%
NOI $183,323
Size 6,104 SF

Investor Questions For Willoughby OH

Common questions from investors exploring commercial real estate in Willoughby OH.

What is the overall investment potential of Willoughby, OH, considering its demographic and economic factors? +
Willoughby, OH presents a stable investment market, with a median household income of $51,245, a relatively low poverty rate of 7.9%, and a high health insurance coverage rate of 93.7%, indicating a reliable tenant base. The city's diverse economy, led by industries such as Wholesale Trade and Professional, Scientific, & Management Services, further supports its investment potential. Additionally, the average commute time of 21.4 minutes and high homeownership rate of 61.4% suggest a desirable quality of life for residents.
How does the ethnic diversity and foreign-born population impact the demand for housing in Willoughby, OH? +
The ethnic diversity in Willoughby, OH, with top ethnicities including White, White Non-Hispanic, and Black, contributes to a vibrant community. The relatively low foreign-born rate of 3.4% may indicate a more stable, long-term resident base, which can lead to consistent demand for housing. Furthermore, the city's top industries, such as Public Administration, can attract a diverse workforce, supporting the local housing market.
What are the key factors influencing the quality of life in Willoughby, OH, and how do they impact real estate investment? +
The quality of life in Willoughby, OH is characterized by an average commute time of 21.4 minutes, with top commute methods including driving alone, working from home, and carpooling. The high health insurance coverage rate of 93.7% and low poverty rate of 7.9% also contribute to a stable and healthy community. These factors, combined with the city's median property value of $147,400 and median property taxes of $6,285, make Willoughby an attractive location for real estate investment.
How does the income inequality and employment rate in Willoughby, OH affect the local real estate market? +
The GINI coefficient of 0.404 in Willoughby, OH indicates a moderate level of income inequality. However, the employed population of 11,975 and median household income of $51,245 suggest a relatively stable economy. The top industries, including Wholesale Trade and Professional, Scientific, & Management Services, can provide a consistent source of employment, supporting the local real estate market and contributing to its investment potential.
What role do education and safety play in the attractiveness of Willoughby, OH as a real estate investment location? +
The high school graduation rate of 92.2% and bachelor's degree or higher rate of 34.6% in Willoughby, OH indicate a well-educated population, which can contribute to a stable and attractive community. Additionally, the low violent crime rate of 0.34 per 1,000 residents and property crime rate of 1,514.1 per 100,000 residents suggest a safe environment, making Willoughby, OH an appealing location for real estate investment and supporting its long-term growth potential.

Willoughby OH Real Estate & City Facts

Key facts and real estate information about Willoughby OH.

What are some of the best neighborhoods to live in Willoughby? +
Some of the best neighborhoods to live in Willoughby include the northeast parts of the city, which tend to be more desirable, and the northwest regions, which offer more affordable homes. According to nextdoor.com, the best places to live in Willoughby consider cost of living, home prices, friendliness, and crime/safety reports. Additionally, bestneighborhood.org suggests that the most desired areas are in the northeast parts of the city.
What are some fun things to do in Willoughby? +
There are plenty of fun things to do in Willoughby, such as visiting the Chagrin River Park, Osborne Park, and Lake Erie Distillery. You can also check out the Village Peddler Festival, Gravity Hill, and the Himalayan Cave. According to tripadvisor.com, the top attractions in Willoughby include nature and wildlife areas, parks, and distilleries. Furthermore, yelp.com recommends visiting the Holden Arboretum, Superman House, and Feels Like Home Farm.
What is the food scene like in Willoughby? +
The food scene in Willoughby is diverse and offers a range of options, from Italian restaurants like Mario Fazio's and Coppia Restaurant, to bars and grills like Trader Jack's Riverside Grille and Savoria Bar & Grill. There are also plenty of great food trucks and casual eateries, such as Melt and Barrio, which are highly recommended by locals. According to opentable.com, some of the best restaurants in Willoughby include Mario Fazio's Italian Restaurant, BJ's Restaurant & Brewhouse, and Austin's Grill.
What are the pros and cons of living in Willoughby? +
The pros of living in Willoughby include its diverse community, family-friendly vibe, and plenty of nightlife, fun restaurants, and shopping options. However, some cons include the potential for higher crime rates in certain areas and the need for a car to get around, as public transportation is limited. According to niche.com, Willoughby is diverse and has a family vibe that everyone loves, but it's essential to research the area thoroughly to find the best fit for your lifestyle and preferences.
Is Willoughby a good place to live? +
Willoughby can be a great place to live, depending on your individual preferences and priorities. It offers a unique blend of small-town charm and big-city amenities, with plenty of opportunities for outdoor recreation, cultural experiences, and community engagement. While it may have some drawbacks, such as limited public transportation and potential crime concerns, many residents love its diverse community, family-friendly atmosphere, and convenient location. Ultimately, whether Willoughby is a good place to live depends on your personal needs and lifestyle, so it's crucial to weigh the pros and cons carefully and visit the area to get a feel for it before making a decision.
⭐ Featured

Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal

$2,299,999
Oakland Apartment Building

Presenting a high-yield investment opportunity at 5476 Vicente Way in Oakland's sought-after Temescal neighborhood. This...

Cap Rate 7.97%
NOI $183,300
Size 0 SF

📊 Average Income For Willoughby OH Commercial Property: $51,245

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Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal

$2,299,999
Oakland Multifamily

Discover a compelling investment opportunity at 5476 Vicente Way in Oakland's vibrant Temescal neighborhood. This well-m...

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

Discover a prime multifamily investment opportunity at 101 Gregory St in Central City, Colorado. This 18-unit mid-rise a...

Cap Rate 5.70%
NOI $330,380
Size 13,454 SF
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New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate

$5,800,000
Central City Multifamily

Discover a prime multifamily investment opportunity at 101 Gregory St in Central City, Colorado. This 18-unit mid-rise a...

Cap Rate 5.70%
NOI $330,380
Size 13,454 SF
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New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate

$5,800,000
Central City Multifamily

Discover a compelling investment in Central City, Colorado, with this newly constructed 18-unit multifamily property at...

Cap Rate 5.70%
NOI $330,380
Size 13,454 SF
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Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA

$1,750,000
San Fernando Multifamily

Presenting a compelling value-add opportunity in the heart of San Fernando, California, this 8-unit multifamily property...

Cap Rate 6.66%
NOI $116,550
Size 5,040 SF
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Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate

$30,000,000
Valley Village Multifamily

Discover a prime multifamily investment opportunity in the desirable Valley Village neighborhood of Los Angeles County....

Cap Rate 3.39%
NOI $1,017,000
Size 52,393 SF
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Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate

$1,275,000
San Fernando Multifamily

Discover a compelling multifamily investment in the heart of San Fernando, California. This 5-unit apartment property, p...

Cap Rate 7.76%
NOI $98,945
Size 10,888 SF
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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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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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