Business, Legal & Accounting Glossary
The term commercial property (also called 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, industrial property, medical centres, hotels, malls, retail stores, shopping centers, farmland, multifamily housing buildings, etc. In many states, residential property containing more than a certain number of units qualifies as commercial property for borrowing and tax purposes.
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This glossary post was last updated: 1st May, 2020 | 1 Views.