Educating yourself on the various types of commercial property you can buy will help you before you embark on your first commercial property buying experience. Here are some tips to get you started before you dive into buying commercial real estate in Austin, TX.
Each type of commercial property will provide different income opportunities. You should narrow down your search based on the pros and cons of each option and your long-term goals.
One form of commercial real estate in Austin, TX is multifamily commercial buildings. These include all forms of residential property that have multiple units. It could be a two-unit duplex or a huge apartment complex with hundreds of units. You will be a residential landlord of sorts with this type of investment.
Retail buildings are another form of commercial real estate in Austin. Businesses that would rent this form of property sell products and services. It may be a small corner home that can be used as a business or a major mall complex. The size of the retail building you purchase would depend on how much capital you are interested in investing.
You will find various office buildings that would fall under commercial real estate. It may be a medium-size building that has several offices. It could be a huge building that has hundreds of offices. Other forms of commercial real estate include businesses in the hospitality industry, like hotels and restaurants.
Learn how St. Croix Capital Realty Advisors provides excellence in commercial real estate by acting in the client’s best interest at all times by visiting their website today.
