By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Veedu Property ManagementVeedu Property ManagementVeedu Property Management
  • Business Growth
  • Industry Trends
  • Management & Maintanence
    • Condo Property Management
    • Multi Family
    • Landlording Tips
    • Real Estate Investing
    • Real Estate Strategies
    • Rental Housing
    • Tenant Management
    • Taxes and Financing
  • Opinions
  • Personal Finance
  • Property Leasing
  • Real Estate News and Trends
  • Vacation Rental Property
Reading: How To Find Vacant Commercial Property
Share
Font ResizerAa
Veedu Property ManagementVeedu Property Management
Font ResizerAa
  • Business Growth
  • Industry Trends
  • Management & Maintanence
  • Opinions
  • Personal Finance
  • Property Leasing
  • Real Estate News and Trends
  • Vacation Rental Property
  • Business Growth
  • Industry Trends
  • Management & Maintanence
    • Condo Property Management
    • Multi Family
    • Landlording Tips
    • Real Estate Investing
    • Real Estate Strategies
    • Rental Housing
    • Tenant Management
    • Taxes and Financing
  • Opinions
  • Personal Finance
  • Property Leasing
  • Real Estate News and Trends
  • Vacation Rental Property
Have an existing account? Sign In
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
How To Find Vacant Commercial Property
Veedu Property Management > Blog > Management & Maintanence > Real Estate Strategies > How To Find Vacant Commercial Property
Real Estate Strategies

How To Find Vacant Commercial Property

Afdhel
Last updated: 2023/12/14 at 11:27 AM
Afdhel 1 year ago
Share
Image by F. Muhammad from Pixabay
SHARE

Commercial properties can be quite valuable assets for a real estate agent. Whether you’re looking for a vacant property as an investor seeking opportunities, in pursuit of an advantageous business location, or with a vision to rebuild on the land, knowing how to find vacant commercial properties is a valuable skill. In this blog, we’ll explore how to go about your search for vacant commercial properties and where you should start looking.

Contents
What Exactly Are Vacant Commercial Properties?Why Are Vacant Properties Promising Assets?How To Find Vacant Commercial Properties1. Browse Online Listing Platforms2. Local Government Resources3. Take A Drive Around Town4. Make Use Of Connections5. Contact Property Management Companies6. Keep Track Of The Local News7. Do A Little Internet Sleuthing8. Property AuctionsConclusion

What Exactly Are Vacant Commercial Properties?

A vacant commercial property is a building or space that is currently unused. It doesn’t have any occupants or businesses operating within them. They could be office buildings, retail spaces, or large warehouses, that have been put up for sale or lease. As a real estate agent, coming across one of these properties is an opportunity to improve your portfolio. You can acquire the property yourself for re-selling or renting, or you could become a broker to find the property a new owner.

Why Are Vacant Properties Promising Assets?

  • No Restrictions – Vacant properties are like blank canvases that give you the freedom to rebuild, customize, or renovate to suit your specific needs.
  • Fairer Terms – The property owners may be more willing to negotiate favorable terms since owning an empty property is only going to cost them money every month.
  • Prime Locations – If you’re lucky, you may across vacant properties that are situated in prime locations for business.
  • Appreciating Assets – Vacant properties can be purchased at lower prices, but with some renovation and marketing, you could potentially benefit from property appreciation.

How To Find Vacant Commercial Properties

1. Browse Online Listing Platforms

Online listing platforms such as LoopNet and Crexi are great places to begin your search. These platforms have a large number of people both buying and selling properties on a daily basis. This means that new properties are listed daily offering you a large selection pool. These sites often feature dedicated sections for vacant commercial properties. You can also narrow down your search by using the provided filters to fit the right property type, location, and budget. Make sure to check these platforms daily so you don’t miss out on any potential new properties.

2. Local Government Resources

Local government agencies are entitled to maintain public records of properties, including ownership information and the current status of the property. You should consider contacting your local government agencies and property records offices as there are some municipalities that even maintain lists of vacant properties.

3. Take A Drive Around Town

Vacant properties are usually marked by a sign or signboard posted outside the property with the contact information of the property owner. Sometimes, these properties may not even be listed on online platforms. As such, you may have more luck by taking the traditional route and searching for vacant properties by taking a walk or driving around your local neighborhoods. You could frequent commercial districts in your area weekly to check if any properties are up for sale or lease.

4. Make Use Of Connections

Through real estate investing, you’ve likely created a network of peers in the industry. You should make use of the power of this professional network to find leads to vacant commercial properties. Word of mouth and personal connections have a much higher chance of leading to insights into vacant properties that are not yet listed on the market.

5. Contact Property Management Companies

Property management companies are those that manage portfolios of multiple properties within a specified area. As such, they would have access to information about any vacant spaces that are within their portfolio. You could get a list of all the property management companies in your desired area and spend an afternoon calling them to find more information.

6. Keep Track Of The Local News

You can use apps on your phone to stay informed about local news segments. You can set up the app or use Google Alerts to notify you when any news about local businesses closing or relocating is posted online. These alerts will be sent as a notification to your phone as soon as the article is posted on the internet, potentially giving you the chance to get in touch first. You can then contact the business directly to inquire about the status of their properties.

7. Do A Little Internet Sleuthing

Online research using search engines and social media platforms can be time-consuming but fruitful. Property listings are not only posted on listing platforms. You can find them on social media groups, online classifieds sites, local posting sites, and more. Using the power of Google and some keyword searches, you may find more listings that are not posted on popular listing websites.

8. Property Auctions

This method is not the most prosperous on the list, but can still be worthwhile checking out. Property auctions and sheriff sales will list down many properties in the local area that are up for sale. While you may not find many vacant properties here, they can be a treasure trove of other investment opportunities, including distressed properties that could be of use to you.

Conclusion

Finding a vacant commercial property may not come easy. After all, there is high demand for these types of properties and they are usually snatched up quickly when available. However, you shouldn’t give up if your search has not been great so far. Networking and personal connections can be very effective at discovering properties that are unlisted, while unconventional sources like property auctions can yield unexpected results. So you may never know where you may find your next vacant commercial property.

You Might Also Like

Decoding Zoning: The Secret Language of Real Estate Success

Blueprint for Prosperity: Financial Alchemy in Property Management in USA

How to analyze a multifamily investment opportunity?

How To Advertise Warehouse Space

How To Find Distressed Multifamily Properties

Share This Article
Facebook Twitter Email Print
Previous Article How To Sell Hotel Rooms To Corporates How To Sell Hotel Rooms To Corporates
Next Article How To Find Out Who Owns A Shopping Center In The USA? How To Find Out Who Owns A Shopping Center In The USA?
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

luxury mansion
How to invest in luxury real estate?
Real Estate Investing
commission sales discussion
Antitrust Lawsuit against NAR: What does it mean for real estate commissions?
Real Estate News and Trends
concrete jungle
The Bane of Concrete Jungles: A Cautionary Tale for Real Estate
Real Estate News and Trends
foreclosure notice
What happens in a housing bubble?
Industry Trends

Tenant Management

luxury mansion
How to invest in luxury real estate?
Real Estate Investing
REITs: A Millennial’s Entry Pass into Real Estate
Real Estate Investing
buying a home
A Millennial’s Guide for Real Estate: What are your options?
Real Estate Investing
green roofing
Reshaping rooftops: Sky High Sustainability
Condo Property Management
  • About Us
  • Contact Us
  • Privacy Policy
© Foxiz News Network. Ruby Design Company. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?