Whether you are a property owner, developer, or commercial real estate agent, identifying and marketing the unique features of your commercial property will maximize the attractiveness of the site to prospective buyers or tenants.

o Any existing physical improvements on the site

o Site access

o Environmental status of the property

Location, Location, Location

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If a site has exceptional location, access, and traffic, but includes a functionally obsolescent structure, the cost of razing the structure will be a primary consideration for any prospective buyer.

If your property includes an obsolete or deteriorating structure, consider razing the structure before marketing the site.

Average Daily Traffic Count (ADTC)

Site Access Options

Site access – that is, legally permissible access to the site from nearby roadways – can make or break a transaction.

If a site has potential for broader access options, the property owner may want to consider requesting a modification from the applicable municipality. If possible, property owners should consider having electric, water, and sewage improvements brought to the site before marketing the property.

With a rapidly growing number of potential environmental issues, buyers have increasingly made environmental site assessments a contingency in their purchase agreements.

If it is determined your property has environmental issues, such a status does not make the site broadly undesirable.

Surrounding Commerce

Surrounding commerce can play a significant role in the future of any property.

If your site is located within an expansive commercial district, you’ll have little difficulty in identifying surrounding commerce to determine potential uses for your property.

Commercial Real Estate: Assessing The Unique Features Of Commercial Real Estate Parcels