Many people think about purchasing residential property and renting it out to tenants. However, commercial properties can actually make an even better investment. If you would like to purchase commercial property so that you can rent it out for a profit, you’ll want to get started by remembering these three tips.

3 Tips for Buying Commercial Property To Rent

  • Do your research about the area
  • Look for the best deals
  • Be Willing To Fix It Up

Do Your Research About the Area
Location is very important with just about any type of real estate. When it comes to running a business, though, it is arguably even more important than for residential real estate. Make sure that you purchase commercial property in an area where business owners will want to set up shop, or you will have a hard time renting out the property and making a profit off of it. Plus, you can ensure your property values go up by choosing commercial property in a good area.
Look for the Best Deals
If you want to make the most out of your investment, it’s important to look for reasonable pricing on commercial property. If you can’t find any good deals, you may want to wait a little longer before making your purchase. Do your research about pricing in the area, and work to negotiate a lower price before buying if you can.
Be Willing to Fix it Up
You might get lucky and find a commercial property that is ready for use right away. If you want to maximize your investment, though, you may have to spruce up the building a little bit. After all, business owners will be more likely to want to rent from you if the property is in good shape. Plus, fixing up and maintaining the property is a good way to increase and maintain its value so that you can one day sell it for more than you paid for it.
In the meantime, check out these 1-click searches:

Newest Key West Commercial Properties on the Market

Prime Commercial property for sale on Stock Island! Located on Laurel Ave, with convenient access to Overseas Hwy. Property sits behind the free-standing CVS at MM 5. County Zoning is Mixed Use (MU) with many Commercial and Residential uses possible. Located in an AE flood zone. Subject property consists of two 50' x 125' lots totalling 100' of frontage x 125' deep on Laurel Ave. Large lot has covered and outdoor work areas. There is a large, ground level, 5,258 sf. CBS building in fair condition on the property. New building may be considered. Adjoining properties both have newer built structures. Part of building is owner occupied and portion leased to Cycle shop for rental income.Occupational Licenses for Public Service Marine Repair, Towing & Salvage and Retail Sales and Auto Repair, Detailing, Towing & Rentals.Seller may consider Owner Financing to a Qualified buyer. $2,150,000 Active

5670 Laurel Avenue Stock Island, Florida

5,258 SqFt

This Oceanside Marina presents an unparalleled investment and boating opportunity in the heart of the Florida Keys. With 650 feet of deep-water dockage, a 7-foot control depth, and an on-site boat ramp, this marina accommodates a wide range of vessels, making it the perfect gateway to world-class fishing, diving, and cruising destinations. Conveniently located just a short drive from Miami and Homestead and only minutes from Ocean Reef and Key Largo's vibrant attractions, this property offers both seclusion and accessibility. The marina features 16 separately deeded boat slips, providing an excellent opportunity for individual ownership or rental income, along with ample boat and trailer parking, to meet diverse needs. Additionally, the property includes seven RV pads, offering a unique opportunity for extended waterfront stays, further enhancing its income-generating potential. Combining deeded slips, RV accommodations, a boat ramp, and premium dockage, this marina is a rare find in one of the most desirable coastal locations. Whether you're an investor seeking high-yield waterfront real estate or a boating enthusiast looking for the ultimate homeport, this exceptional property delivers endless possibilities. $5,000,000 Active

199 Morris Avenue KEY LARGO, Florida

2 Baths 224 SqFt

Once-in-a-Lifetime Opportunity: Own the Iconic Alabama Jacks in Key Largo!Step into the legacy of one of the most celebrated waterfront establishments in the USA. This legendary bar and restaurant, continually rated among the Best Bars & Restaurants in South Florida, Florida, and the nation, is ready for its next chapter. Located on Card Sound Road at the foot of the Card Sound Bridge, Alabama Jacks has been a beloved destination since the 1950s, renowned for its authentic charm, lively atmosphere, and world-famous conch fritters.Key Features:Rich History: Established in 1947 and operated by the current owner since 1981, this landmark has maintained its iconic status and rustic charm, drawing locals, tourists, and celebrities alike.Turnkey Package: Sale includes the business name, domain names, Facebook page, a thriving retail t-shirt business, proprietary recipes, and all furniture, fixtures, and equipment (FF&E).Prime Waterfront Property: Two parcels totaling 41,602 square feet (.95 acres) with over 360 linear feet of boat docks, direct boating access, and a private boat ramp (currently unused, offering potential for new revenue streams).Buildings & Infrastructure: Includes 2,297 sq. ft. of finished space, 4,729 sq. ft. of canopy space, and an apartment for onsite living or staff use. Also features a desalination system and a backup water truck with a tank.Long-Term Lease: New & Secure, 20-year lease with the U.S. Government renewed in 2021 through 2041.Unparalleled LegacyAlabama Jacks is a true piece of Americana, beloved by generations and celebrated in publications and TV appearances by icons like Emeril Lagasse, Conde Nast, and Kathie Lee Gifford. Whether you're continuing its proud traditions or exploring new opportunities, this business is primed for success. Opportunity to Franchise the name and brand. Don't miss this chance to own a slice of Florida Keys history and elevate an already thriving landmark to its next level. $6,000,000 Active

58000 Card Sound Road KEY LARGO, Florida

1 Beds 3 Baths 2,297 SqFt

Exceptional 6-unit multi-family commercial property conveniently accessible from both 51st Street and 50th Street. This property offers unparalleled convenience and charm in the heart of Marathon. Comprised of three buildings surrounding a serene courtyard oasis complete with a sparkling pool, tiki bar, and grill. Boasting a total of five efficiencies and a separate two-bedroom, two-bathroom unit, making it an investor's dream. Each unit has undergone extensive remodeling, featuring tile floors, impact windows, AC systems, state-of-the-art appliances, cabinets, and quartz countertops. Ample off-street parking for over eight vehicles. Zoned MU Commercial with six TBRs (Building Rights), this property offers versatile opportunities for investors, whether for short-term rentals, long-term leasing, or commercial endeavors. CA/NDA and proof of funds or bank pre-approval is required. $1,600,000 Active

295 51St Street Gulf MARATHON, Florida

7 Beds 7 Baths 2,614 SqFt


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