Brian l katz A basic primer
So, what kind of property is considered commercial real estate? Well, it involves all kinds of properties that are zoned for business. For example, it can be a piece of property with 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. Commercial real estate may even have a residential home sitting on it at the moment. 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.