Whether you are a real estate investor or have an established company ready for your own building, buying commercial real estate on Long Island is on your radar. This is no small decision, especially if it’s your first commercial real estate property. However, you may benefit more from buying commercial real estate on Long Island, over leasing the commercial space, and here’s why.
Buying Commercial Real Estate on Long Island
Appreciation
When buying commercial real estate on Long Island it doesn’t just end with you moving into the space. You are becoming a real estate investor and it can be a pretty lucrative decision for you. If you have the right real estate firm behind you, you can find a commercial property that works for your business and that you can sell for a profit in the future. That’s the point of investing! Buy low and sell high.
Get Ready for a Second Job
Hello, Landlord! If you like the way that sounds and are up for the responsibilities there are some advantages headed your way. If your building has space available for another business or tenants rent that space out. That rent money can chip away at your mortgage payments, help you out at tax time or fund some operational costs.
Don’t let the possible second job scare you away from buying commercial real estate on Long Island. There are other options that can take the responsibility out of your hands and let you focus on running your business. We at S&D Realty also offer the option to take over property management. If being a landlord isn’t something that interests you, you may want to consider it before you start buying commercial real estate on Long Island.
Outgrowing Gives you Options
If you or your business has grown attached to the location there is no sense in uprooting and moving, if you can afford to seek out an additional office in a different territory. Expand your brand!
Outgrowing a space after you buy a commercial real estate property doesn’t have to be a bad thing, especially if you don’t mind being the landlord. You always have the option to rent it out. You may even enjoy the perks of owning/investing in commercial real estate. Start padding that portfolio by buying more commercial real estate on Long Island.
If you are having trouble trying to decide whether to seek out a lease or to start buying commercial real estate on Long Island don't hesitate to call us. One of the strengths of S&D Realty is our ability to evaluate real estate in terms of highest and best use, feasibility and investment performance. For more information on investing in commercial real estate, don’t hesitate to give us a call at 516-248-6905. We look forward to hearing from you!
