Brian l. katz What you need to know
So, what kind of property is considered commercial real estate? Well, it involves all kinds of properties that are zoned for business. One example is a property zoned to allow the building of a strip mall on it. Commercial real estate is vacant land that is zoned to allow all kinds of commercial businesses to be built on it. It may even be a piece of property with a place of residence now standing on it. What happens is that the town may begin to encroach on residential property and then the property may be rezoned to allow it to be reclassified as commercial real estate now.