Investing in Commercial Properties on LBI
Commercial-Use Properties on LBI can be quite lucrative as a landlord or property owner. The island offers opportunities to purchase a commercially zoned property in order to establish a business or fill the property with a tenant or both. Usually, commercial tenants sign leases for 3-5 years+ on LBI, offering a potentially more stable rental income than single-family. When valuing a commercial property it is important to properly engage in thorough due diligence of the property history, past earnings, annual debt service, building operation costs, “cap rates” or return, and more. As your Realtor I will help guide you through this process. Reach out today to learn more about this!