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Synopsis on commercial property

Monday, April 06, 2009
Commercial property is real estate which is used for profit businesses-such as office complexes, shopping malls, service stations and restaurants. It falls between residential and industrial property. Practically every incorporated city uses a zoning system to regulate the use of property within its jurisdiction. In order to grant permission to build a new office complex or other-profit making business, the city government must determine that the chosen area is indeed commercial property. The zones which separate industrial, residential and commercial property are clearly marked on city maps. Commercial property can be held by real estate agents who treat it the same as residential property.

Cities often use zoning laws to prevent conflicts between residential homeowners and businesses. Some areas of the city may be designated for mixed usage which means some commercial property may be used for residential purposes. A quaint downtown shopping area with apartments would be an example of mixed usage.

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