By When talking about commercial land division and commercial real estate, these terminologies refers indirectly to a piece of land that is purchased for the intention of making money. This involves real estate which is bought to make industrial production, office buildings, strip malls, apartment complexes, restaurant, hotels and the like it also include vacant land which is potential to hold for the purpose of investment.
Under the commercial real estate there are few smaller divisions. Biggest division of this larger category is retail real estate. Such smaller divisions includes hotels, malls, shopping centers, medical and dental centers buildings. Other smaller sub division is office properties including office building designed to cater one or more businesses with owner of that building receiving the rent from tenants of those individual offices.
Other categories that fall between residential and commercial real estate is the hybrid or combination. Industrial real estate is one of the combination of residential and commercial property including factories, warehouses and garages, however farmlands and land for homes for workers, farmers and their families also. Depending of the law multiple housing can be put under residential and/or commercial real estate.
So, in order to call piece of commercial land division it exactly depends on the buyer intention for the use of property and the placed it is located. Especially true with vacant land which isn’t been developed. For instance, if vacant land is close to a single family residence to probably have houses built there however if it is close to retail stores or restaurants it would be used for building anything that comes under commercial land division to make money.
When buying vacant land with intention to make money or use it commercially you must ensure that it has been categorized as commercial real estate. For this you need to visit city government offices and see at city map, that shows which lands are categorized as commercial or not. If the property which you need is categorized residential you will need a variance that is special type of permission to cross on residential zone boundary to build commercial
To find property that comes under the category of commercial land division you can hire services of some real estate agent who specialize in commercial properties. Specialize estate agencies can help you through each and every step of finding, obtaining and registering a commercial property you need to fulfil your needs and wants.
