Real estate for beginngers
What happens is that the town may begin to encroach on residential property and then the property may be rezoned to allow it to be reclassified as commercial real estate now. A town may grow to the point where a house that was safely located in a residential zone may need to be cleared out for commercial real estate once the town has grown to a certain point. Most people think that commercial real estate is an office building or a factory or perhaps an industrial unit. The truth is that even a mobile home park or an apartment complex can be sitting on a piece of commercial real estate. Investors really like to invest in commercial real estate like this.