You could be hoping to purchase a commercial property that you can use for running your own business, or you might want to try investing in real estate for the first time. Either way, you might be a little nervous about making this big investment. If you’re curious about how to successfully buy a commercial property, consider these tips.

3 Secrets to Successfully Buying Commercial Property

  • Determine What You’ll Use It For
  • Set Your Budget
  • Work With The Right Professionals

Determine What You’ll Use it For
First, think about what you’re going to use the property for. If you’re hoping to rent it out, you may want to look for a multi-use property that could be used for many different types of businesses. If you’re hoping to buy a property for your own business, then you should write out a list of your specific needs so that you can find a property that is suitable.
Set Your Budget
It is possible to spend a little or a lot when buying commercial property. To avoid getting in over your head with your investment, start looking into your financing options and your budget ahead of time. This can help you determine just how much you can afford to spend on a commercial property, and it’ll give you a chance to start making arrangements for how you’re going to pay for that property, too.
Work With the Right Professionals
If you are new to buying commercial property, it’s important to work with people who know what they are doing. Hire a good real estate agent to help you look for a property that is right for your needs. When you find a property and are ready to take the plunge, have a good real estate lawyer run a title search and read over the contract before you sign anything. Also, if you’re going to be renting out the commercial property, consider working with a commercial property management firm. If you take this approach, you won’t have to worry about finding or handling immediate tenant issues yourself.
In the meantime, check out these 1-click searches:

Newest Key West Commercial Properties on the Market

Well priced office space at $145,000. Newer carpet, corner windows, the location is one block from the County Courthouse. The building offers a shared front lobby area, shared kitchenettes, multiple bathrooms, shared parking lot, and a conference room. The office is located upstairs near the backstairs. Low condo fee which includes utilities. $145,000 Active

302 Southard Street 207 KEY WEST, Florida

4 Baths

Prime Commercial Real Estate in Big Pine Key. The property offers 125 footage on US1 and 200 feet deep. With access from the front of the building to the back. Back of the property is fenced with extra storage facilities. Metal building, metal roof, two half baths, two lofts, front office space. $1,545,000 Active

31133 Ave A Big Pine, Florida

2 Baths 2,460 SqFt

Come and Use this precious space at a prime location! There is so much foot traffic in this area. Your business here at 300 Southard Street Unit 103 is at a Great location. Parking space provided as well. Renting for $950. Ideal spot right by Truman Annex and in between Southard Street and Thomas Street. $950 Active

300 Southard Street 103 KEY WEST, Florida

5 Baths 135 SqFt

Hard to find office space available at Conch Harbor Retail Center. Suitable for office, at the corner of Caroline and Grinnell Streets. Men and Women's bathrooms, outdoor seating in courtyard. Neighbors include Prime 951 Steakhouse, Dante's Pool Bar and Restaurant and West Marine. Sales tax is in addition to rent quoted, minimum one-year lease. $4,328.33 Active

951 Caroline Street 207 KEY WEST, Florida

2 Baths


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