Types of Commercial Properties

Find a Commercial Property

century 21 m m commercial propertiesAre you looking for a commercial property to buy, lease, or invest? Whatever you need, your first resource for information is a Century 21 M&M agent. He or she can answer your questions, address the opportunities in your area – from location selection, to property management.

Century 21 M&M Commercial professionals can provide information and help you evaluate the advantages that may come with commercial property investment, as well as track market trends and opportunities.

A commercial real estate agent can provide local information on the different kinds of property available in your area. These include:

  • Retail
  • Industrial
  • Commercial Land
  • Motels and Hotels

Contact a Century 21 M&M Commercial Real Estate professional today…

Retail Property

Retail property ranges from individual shop space to large regional retail centers. Retail centers drive traffic and generate cross-sell opportunities when they include non-competing businesses, usually complemented by an anchor store.

Large retail centers often include ‘pad sites’ generally occupied by banks, sit-down and fast-food restaurants.

Retail properties are readily available in various locations and sizes to fit your specific needs, goals and resources. These properties are usually non-owner occupied and may be used for income generation, tax relief and appreciation.

Strip centers, usually built in strip formation with street frontage, generally range from five to ten tenants and cover 6,000 to 15,000 sq.ft. Often, you will find a grocery store anchoring this type of center with 10-20 smaller shop-space tenants.

Contact a Century 21 M&M Commercial Real Estate professional to help you evaluate the property for length of existing leases, financial strength of the tenants, age and condition of the property. These factors affect your risk exposure and should be taken into consideration to help in matching the best commercial property to your proposed venture.

Industrial

Industrial properties include manufacturing, office showroom, warehousing and distribution centers.

It is common for industrial building to be owner or user-occupied, and multi-tenant industrial parks that include a collection or single or multi-tenant buildings. These types of buildings house manufacturing facilities, warehouses, distribution centers, and sometimes stand-alone high-tech office sites.

Industrial properties can be complex in their physical characteristics. The business you intend to conduct may require evaluating the available power, ceiling and roof heights, environmental issues, handicap requirements, parking lot lay-out and spaces available, dock accessibility… even truck turnarounds.

Century 21 M&M Commercial Real Estate professionals will help you assess specific properties as they relate to your needs, and define and locate a property that aligns closely to your resources, expectations and location requirements.

Commercial Land

Bare land is underdeveloped, raw property that is ready for construction. Buying commercially zoned land can present numerous options whatever your considerations; buying, leasing or investing. Commercial property can be totally underdeveloped or ready for construction.

Century 21 M&M Commercial Real Estate professionals can help you check with the city regarding local zoning, specifics on the city’s or town’s master plan and relate to you the local attitudes about growth and development. These are details worth considering before making a decision on a commercial property whether it is for income, tax relief, and appreciation.

“Ready for construction” properties are typically minimally improved; grading, utilities, and possibly streets. Development of these properties includes; residential, commercial, office park, retail centers and more.

Your Century 21 M&M Commercial Real Estate agent can help you research information on civil engineers, surveyors, environmental testing companies, local building officials, legal and professional service providers and other authorities to assist in your property evaluation.

Motels and Hotels

Motels and hotels may be an interesting opportunity—whether you are looking to buy, lease and/or invest. These commercial properties range from intimate bed and breakfast inns to small roadside motels to large franchise hotel chains. These properties may be intended for income, tax relief, and/or appreciation.

Motels and hotels are usually classified by the number of rooms, amenities and ratings (if available). There are several factors to consider when thinking about investing in this type of enterprise; geographic locations, deferred maintenance, occupancy rate, proximity to attractions, cities and highways. All of the above mentioned factors contribute to the value of the property and should influence any investment decision.

NOTE: Consult with your tax/financial advisor for specific tax and financial advice.

 

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