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3 Tips for Buying Commercial Property To Rent

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:

  • All Businesses for Sale
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Newest Key West Commercial Properties on the Market

Offices on Eaton Street located in downtown Key West. If you are looking for a small private office join the friendly business environment at Key West Theater catering to local small business owners. Office 215 is a corner office with a large open space and close, approximately 320sq.ft.  Wifi, electric and water included, sales tax is in addition to the monthly rent quoted. $1,400 Active

524 Eaton Street 215 KEY WEST, Florida

2 Baths

2nd Story lease space suitable for office/work shop/storage in a 9 unit compound on Stock Island. Large front room with built in cabinets, 2nd smaller room for storage, additional office space and a half bathroom. Secure fenced lot, an off street parking space and circular drive for truck delivery or pick up. Rent includes utilities. First, Last and Security (one month rent) will move you in. $1,745.79 Active

5625 2Nd Avenue UP Stock Island, Florida

6,219 SqFt

Retail Space available in one of Key West's three major power centers. Overseas Market boasts one of the most desirable tenant bases on the island with Winn-Dixie, Denny's, Ross, CVS Drugstores, Verizon, GNC, Goldman's Deli, BodyZone, AutoZone, Five Guys, Dominos and more... There is ample parking & traffic light entry into the shopping center. Monthly rent quoted is Base Rent Only, in addition are triple net charges and sales tax. $4,083.33 Active

2730 Roosevelt Boulevard N KEY WEST, Florida

1 Baths 178,707 SqFt

Commercial Space Directly in the Middle of Gulfside Village. Triple Net Long Term Lease with existing Verizon Wireless tenants. Excellent Visibility! Excellent Rental History! Gulfside Village offers ample parking spaces, clean shopping center and friendly retail owners. Unit 21 has 1,860 sq feet of space, half bathroom and large storage/office area in the back of the store. Please DO NOT DISTURB the existing tenants/company. $600,000 Active

5800 Overseas Highway 21 MARATHON, Florida

1 Baths 1,860 SqFt

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Posted in: Buyers, Buying Commercial Real Estate, Leasing Commercial Real Estate, Owning a Business Tagged: Buying Commerical Property to Rent, commercial property for rent, Commercial Property Rentals, Tips for Buying Rentals

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Key West Office

RE/MAX ALL KEYS REAL ESTATE
305-296-1400 Office

Business Address:
517 Duval St Suite 200, Key West, FL 33040

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Key Largo Office

RE/MAX ALL KEYS REAL ESTATE
305-451-0060 Office

Business Address:
98880 Overseas Hwy, Key Largo, FL 33037

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RE/MAX Advance Realty
305-444-7111 Office

Business Address:
11010 SW 88th St. Ste. 200, Miami, FL 33176

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