commercial property
Real estate held to produce capital gain or rental income, regardless of its particular building or land use.
Commercial property includes all buildings, properties, and real estate that are intended to create a profit, either from capital gain or rental income, for owners, investors, and/or developers. This includes most properties used for offices, retail, multi-unit residences, industry, hotels, and even land uses such as parking, agriculture, and mining.
In contrast to a commercial building (which houses commercial uses) a commercial property is not confined to any particular use, but depends rather on the financial purposes it is presently being put to.
The profit-making purpose can apply to a building or to land without a building. A residential or agricultural use can therefore occur on commercial property without becoming a commercial-building use.
commercial property Photos
Related definitions
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24-hour bakery and restaurant
A bakery and restaurant preparing and serving food, drinks, breads, or pastries around the clock. -
commercial building
An occupiable enclosed building designated for business establishments, including commercial offices, retail, and warehouses. -
distribution center
A warehouse building which is stocked with products, goods or food to be redistributed. -
green building
A building that meets a high standard for energy efficiency and environmental sustainability. -
high-bay warehouse
A large warehouse in a rack-supported building, arranged for very high storage density and usually automated retrieval. -
hotel building
An enclosed building where hotel accommodation is a primary use, usually offering paid stays by the night. -
liquid storage tank
A container for storing liquids, including manufactured vessels and artificial reservoirs called tanks. -
mixed-use building
A large building with multiple primary uses in completely different categories. -
office building
An enclosed building where desk-based office work is a primary use, including business, institutional, and government offices. -
retail building
An enclosed building whose sole primary use is retail, including shops, dining, and customer-facing services. -
tower block
A residential building with at least 10 floors above ground, including mixed uses when housing occupies at least 10% of gross floor area. -
zoo building
An enclosure or shelter in a zoological park used for housing and/or displaying animals.