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

Exceptional commercial waterfront opportunity in the heart of Marathon. This prime commercial property consists of five contiguous lots totaling approximately 30,000 square feet, with 300 feet of highway frontage and 300 feet of waterfront. The property includes 18 boat slips with a control depth of approximately 5 feet, offering outstanding maritime access and functionality.Zoned MU-M (Multi-Use Maritime), this versatile zoning allows for a broad range of uses including maritime industry operations such as fishing equipment sales and service, seafood processing, marine-related manufacturing, and boat storage. Additional permitted uses include retail, restaurant, affordable housing, and residential development, making this a uniquely flexible investment property.Parcel IDs include: 00362930, 00363940, 00362950, 00362960, and 00362970. The seller will provide a complete list of all personal property included in the sale, including major furniture, fixtures, and equipment. This is a rare opportunity to acquire a substantial, high-exposure commercial property with extensive waterfront and mixed-use potential in one of the most desirable areas of the Florida Keys. $6,500,000 Active

38 Coco Plum Drive MARATHON, Florida

1 Baths 5,439 SqFt

Waterfront 103 Unit RV/ Mobile Home Park in Key Largo! A rare find anywhere in the Florida Keys or even all of South Florida. Same family ownership since 1996. The Bayside Site encompasses 6.15 Acres Uplands and includes 29 wet boat slips. County recognizes 53 Residential Dwelling Units (48 MH & 5 Attached), plus 50 Transient Residential Dwelling Units from 50 RV lots. 98 Units are currently online. The owners only own one MH, the others are all tenant owned.URM Zoning allows possible commercial redevelopment including Vacation Rentals & Marinas or remain affordable & sell and transfer entitlements. Baybottom lease with State of FL. Site plans are in place for options to redevelop the uplands. One plan design lays out 33 RV pads and 29 Mobile Homes, 62 units total. The Balance of recognized but unused entitlements may be sold off. Another redevelopment calls for 35 Single Family Homes and 63 Hotel Bungalow Suites. Both plans include Clubhouse, Restaurant, lazy river plus two additional pools, coffee shop and souvenir shop as matter of right without going through the County major development process. $21,000,000 Active

101600 Overseas Highway KEY LARGO, Florida

3 Beds 3 Baths 3,717 SqFt

Boutique commercial, ground floor office condo for sale in Old Town at Seafoam Condominiums. Only one of two Commercial units in the building. This 665 sf. office is turnkey and perfect for Professionals looking for a small office to own vs. paying rent every month. Great location and close to everything in town either by walking or biking. Exterior has several large pane windows for natural light inside. To enter off the sidewalk there are a set of gorgeous, hand made mahogany french doors. Also, there is an interior side door for private access. Interior has 12' ceilings and the layout includes front seating area with a receptionist window, administrators office and private office in rear. Half bath is ADA compliant. This unit has been totally renovated and ready to move in. Renovations include new Brazilian cherry wood floors & keystone flooring in the bathroom. upgraded electric and lighting, freshly painted, Central AC and wireless Security system. Seafoam building has coded entrance, atrium hallways and large in-ground concrete pool exclusively for Condo owners and guests. HOA fee of $1,286/mos. includes insurances and reserves. Includes Liability, Wind and Flood insurance. Building has never flooded and in X flood zone. Building is up to date with SIRS and milestone inspections. Additional $587/mos. special assessment for windstorm insurance. Same owner since 2008. $560,000 Active

812 Fleming Street 2 KEY WEST, Florida

1 Beds 1 Baths 665 SqFt

Prime Mixed Use Income Producing property for sale. Total of 6 units. There are 2 Commercial units on ground floor facing Truman Ave. Both Commercial spaces now occupied by the Seam Shoppe, a long term, stable tenant. On the 2nd floor there are 4 good size apartments. Each 1bedroom and a loft bedroom and 1 bath. Each has use of large, outdoor deck in back. Potential Gross rental income approx. $15,000/mos.Total of 6 Water and Electric Meters. Rear parking lot for 4 + or - cars. Building in good condition and well maintained.Excellent Replacement Property for a Buyer looking to perform a 1031 Exchange.Owner may consider Seller financing to a Qualified Buyer at Seller discretion. $2,150,000 Active

1109 Truman Avenue KEY WEST, Florida

4 Beds 6 Baths 4,410 SqFt


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