Commercial property (also called commercial real estate, investment or income property) refers to buildings or land intended to generate a profit, either from capital gain or rental income.
Commercial property includes
- Office buildings,
- Iindustrial property,
- Medical centers,
- Retail stores,
- Farm land,
- Multifamily housing buildings,
In many states, residential property containing more than a certain number of units qualifies as commercial property for borrowing and tax purposes.