In contrast to residential property, commercial property is used primarily for business purposes. ProTech Commercial Realty can help assist you with all property types in order to achieve your commercial property goals and needs. Zoning governs how real property can be used. If a certain business is not permitted for a property type, conditional use approval can be obtained to allow use. Knowing this can help you expand your options. We can help.
1.) Industrial – Industrial property contains 3 main sub-categories, consisting of: manufacturing (heavy, medium or light), warehouse (storage and distribution), and flex (office and warehouse/light manufacturing).
2.) Office – Office property contains 3 main subtypes, such as medical/dental, general office and condo/suite.
3.) Multi-family – Residential property consists of 1-4 units. A property becomes commercial multi-family at 5+ units. An investor will need expertise to navigate items, such as number of units desired, location, potential income, expenses, deferred maintenance, seller’s motivation, property management, and more.
4.) Retail – Retail is commercially zoned property allowing businesses to sell products, in contrast to industrial which manufactures products. Businesses that lease or purchase this property type include department stores, grocery stores, convenience stores, discount retailers, warehouse retailers, and more. These properties can be freestanding or multi-tenant properties.
5.) Hotels/Motels – Hotels & motels provide lodging, food, and other services for travelers, tourists and staycations primarily on a short-term basis, but some establishments do provide extended stay accommodations.
6.) Mixed-use – A mixed use development is comprised of multiple commercial property types, such as residential, retail, office, hotel, recreation and more. These properties are pedestrian friendly, and cater to work-life balance.
7.) Special Purpose – These properties are used for specific purposes, including private schools, churches, sports stadiums, theaters, hospitals, museums and more. Limited
or Special purpose property list as defined by SBA:
- Amusement Parks
- Bowling Alleys
- Car wash properties
- Cemeteries
- Clubhouses
- Cold storage facilities where more than 50% of total square footage is equipped for refrigeration
- Dormitories
- Farms, including dairy facilities
- Funeral homes with crematoriums
- Gas stations
- Golf courses
- Hospitals, surgery centers, urgent care centers and other health or medical facilities
- Hotels and motelsMarinas
- Mines
- Museums
- Nursing homes, including assisted living facilities
- Oil wells
- Quarries, including gravel pits
- Railroads
- Sanitary landfills
- Service centers (e.g., oil and lube, brake or transmission centers) with pits and in ground lifts
- Sports arenas
- Swimming pools
- Tennis clubs
- Theaters
- Wineries
8.) Land – Commercial land is zoned and designated for commercial property types. It is land used to make money.
