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From Wikipedia, the free encyclopedia

The term commercial property (also called investment or income property) refers to buildings or land intended to generate a profit, either from capital gain or rental income.[1]

Contents

Definition

Commercial property includes office buildings, industrial property, medical centers, hotels, malls, retail stores, shopping centers, farm land, multifamily housing buildings, warehouses, garages, and industrial properties. In many states, residential property containing more than a certain number of units qualifies as commercial property for borrowing and tax purposes.

Commercial real estate is commonly divided into four categories:

Categories of Commercial Real Estate
Category Examples
Retail medical centers, hotels, malls, retail stores, shopping centers
Office office buildings
Industrial industrial property, farm land, warehouses, garages, industrial properties
Multifamily (apartments) multifamily housing buildings

Of these, only the first three are classified as being commercial buildings. Residential Income Property may also be used to mean Multifamily Apartments.

See also

References

External links


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