How the location of commercial real estate affects its value

Investors in commercial real estate should know what they're getting into, both now and in the future, whether they're buying a multifamily building, a commercial retail center or office building, an industrial property, or a piece of land.

Commercial real estate value is heavily influenced by location. Also, investing in real estate is more profitable than any other business nowadays. To get the best real estate property for sale and purchase in New York, Nurealtyadvisors is what you need. They are the best commercial real estate broker in New York.

 

53Chase Avenue, Yonkers, Avenue Yonkers NY 10703

 

It's all about location, location, and location in the real estate market. If you're looking to buy business property, location is a significant factor.

 

Depending on where it is located, the following five variables might increase the value of a property:

 

1. Transportation – 

 

Parking, public transportation, and highways and freeways are all within a short distance of one other and environmentally friendly and pedestrian-friendly transportation options, including bike lanes and walkability, are all part of the transportation equation.

 

53Chase Avenue
 

2. Entry and exit of vehicles-

 

When it comes to vehicle ingress and egress, the more user-friendly and beneficial a location is when it is possible to make both left and right turn, the better.

 

3. Hard corner exposure – 

 

Because cars and mass transit riders have more time to look and view the property and its tenants at the corner of a four-way intersection, the property is more valued.

 

4. Traffic count – 

 

As the number of vehicles and people using public transportation passing by the property each day rises, so does exposure for the property and its tenants.

 

5. Surrounding property – 

 

Restaurants and supermarkets are located in a retail shopping centre close to big residential areas has a ready supply of potential customers residing near the commercial property.

 

NuRealty Advisors Inc.

 

573 South Broadway, Yonkers, NY 10705 


914-670-7065

Location: 573 S Broadway, Yonkers, NY 10705, USA

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