Austin Commercial Real Estate For Sale
Austin Commercial Property For Sale
Austin commercial property for sale includes a range of offerings from a corner store or plot of land to a hotel or office tower. The JB Goodwin team are experts in all commercial property purchases. We make it our business to know what properties are currently on the market as well as the ones that will be listed in the near future. Once you know the type of business you are wanting to start, talk to one of our commercial real estate specialists to help you to narrow down your location and type of property you want to buy. In such a fast-paced market, we are confident we can find you just what you need to get you started on your business venture.
The Austin commercial real estate market continues to grow as the city expands to keep up with the growing demand for property. With more housing and condo developments, there is a need for commercial retail and office space throughout each community. Whether it is a local store or gas station or a shopping mall with big box stores, consumers demand conveniently located commercial offerings. Let’s take a look at the classification of a commercial space, why you should buy a commercial property, and where to find the perfect commercial venture for you.
What Is Classified As Austin Commercial Property?
When we think of commercial real estate we have many preconceived notions of what this actually is. A convenience store, dry-cleaners, restaurant, or perhaps a hotel. If you can make money from it, or use it to make money, then it is more than likely a commercial property. Industry-wide, the following are some of the categories to consider when looking at purchasing Austin commercial real estate:
Land—Whether you are buying land to build a new house, creating a housing or commercial development, or growing crops, this is a commercial venture. Do your homework and ensure that you have the land assessed for whatever business you are planning to start or run.
Retail—This is a broad category, but essentially this can be anything from a neighborhood strip mall to a major shopping complex.
Office—Office space can be classified as either a Class A+, Class A, Class B, or a Class C building. Class A+ and A represent the highest quality buildings on the market. Class B is used when the building is slightly older, but can still attract good quality clients. Class C is the lowest classification of office building, which means the building is more than 20 years old and is located in a less desirable area. As well, the technology and infrastructure is outdated.
Accommodation—These commercial properties include bed and breakfasts, hostels, and hotels. Austin’s growing market is constantly demanding these types of properties.
Special Purpose—This category is a general category for anything that does not fit into the other sections. This includes Storage facilities, theme parks, car washes, and the list goes on.
Why Buy Austin Commercial Property?
The reasons to buy commercial real estate are based on your personal and business interests. The reason to buy Austin commercial properties is because there is no better place to start a business than a city that keeps booming! Austin has been growing year after year and doesn’t seem to be slowing down anytime soon. New communities are springing up all the time and require many commercial services. Austin has expanded their transportation links to keep up with the creation of new communities, which also creates a need for commercial offerings all along these new roadways.
Keep in mind, if you do buy a commercial property is it a good rule of thumb to hold onto it for at least 10 years to see a solid return on your investment. You may be able to flip a commercial space, but ensure you do the research before entering a commercial venture with the intent to flip. Flipping a home is one thing, but a business is not as easy. You need to think more long term when you decide to start your own company.
Locating Austin Commercial Property
The JB Goodwin Team are working night and day to provide you with the latest and greatest listings in and around Austin. Downtown Austin is a more obvious location for commercial real estate, but as Austin has grown over the years, the need for commercial real estate has skyrocketed. On almost every street corner you’ll find some kind of commercial property. Whether it is a coffee shop, gas station, or strip mall of retail office space, commercial real estate is everywhere. If you are interested in purchasing one of these properties, make sure you chat with the JB Goodwin team. We are an extremely knowledgeable resource that can save you time and money when it comes to your Austin commercial investment.
Continue Your Central East Austin Real Estate Search
Continue exploring homes and real estate in communities in Austin or connect with a JBGoodwin agent for help with your search. You can also call us at (512) 502-7804 or toll free at (800) 531-5207 for all your Austin real estate needs.