What is COMMERCIAL PROPERTY? What does COMMERCIAL PROPERTY mean? COMMERCIAL PROPERTY meaning - COMMERCIAL PROPERTY definition - COMMERCIAL PROPERTY explanation.
Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license.
The term commercial property (also called commercial real estate, investment or income property) refers to buildings or land intended to generate a profit, either from capital gain or rental income.
Property used in such a manner as to make money. From renting spaces for flea market; to building an office building to run your business out of. Commercial property includes office buildings, industrial property, medical centers, hotels, malls, retail stores, farm land, multifamily housing buildings, warehouses, and garages. 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 six categ...