Types of Commercial Property for Sale
Commercial property is also known as income property, investment property, or commercial real estate. The main purpose of purchasing a commercial property is to earn a profit, whether in the form of capital gains or rental income. There are many types of commercial properties available. Read on to discover more about different types of properties.
Office buildings
Office buildings are a type of commercial property, and they can be found in any city. They can range in size from small buildings to skyscrapers. They may be single-tenant or multi-tenant. In either case, they are considered commercial property for tax purposes. Office buildings are often in prime locations, and they can be prestigious and attract premier office users.
Typically, office buildings are categorized into Class A, Class B, and Class C. The classifications are based on location, size, and amenities. Class A buildings are typically the best, and they command the highest rents.
Industrial property
There are many online sources to find industrial property for sale. You can search by city, price range, square footage, and acreage. You can also refine your search by tenancy status. If you own a business, you may only want to find a single-tenant building. But if you’re a landlord or investor, you may want to find a multi-tenant industrial property.
The biggest market for industrial property is in storage and distribution. People love to buy stuff, and that stuff needs somewhere to stay. Many companies require an area to store overstock, equipment, and vehicles. Truck terminals, which are basic sites, are also a popular type of industrial property. Trucks need a place to refuel and exchange goods.
Medical centers
When looking for medical centers commercial property for sale, there are a few important factors to consider. One of the most important is whether you can afford to make necessary renovations. While it may be tempting to buy a fully renovated building, you may not have the funds to make such an investment. In such cases, you may want to opt for an existing property.
The best way to find medical office buildings for sale is to use a real estate portal. Many of these sites offer the same features, which include the ability to compare multiple properties and even connect with brokers. For example, CityFeet lets you browse more than five million commercial properties nationwide. This tool also includes a directory of brokers and investors.
