Monday, June 26th 2017

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How to buy commercial property?

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23rd Nov 2009 by Michael Haltman

Buying commercial property is all about making an investment. It is possible to buy anything from an apartment building to a car wash and everything in between, but the buyer has to be in a position to manage it.

As in any investment, the buyer has to assess their risk tolerance, which will go a long way in determining location as well as property type. They would also need to gauge their ability to finance the property, as banks and other lenders are more willing to lend on apartment buildings, and less willing to lend on restaurants.

Once all of that is taken care of, the potential buyer can approach one of their local commercial real estate brokers, or go on one of the many websites such as LoopNet that post commercial property that is for sale.

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17th Nov 2009 by Gary

Buying a commercial property is about location and demographics, and not much else. One final and vital factor is the parking and ease-of-access in arriving and leaving the property. Much of that depends on the type of business you're running, and how that will apply. So in buying a commerical property, location is by far the most important element of the equation to research. The rest is simply doing your general homework on the property and the type of people that live around it.

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12th Nov 2009 In Real Estate 2 Answers | 1657 Views
Subjects: commercial property,

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