Commercial real estate in Kentucky can be a financially advantageous investment option. Commercial real estate properties have the potential to make considerably more income than residential properties. However, before investing in Kentucky commercial property for sale, take the time to conduct a thorough commercial property analysis.

If you are new to the commercial real estate industry and have never purchased Kentucky office space, it is wise to obtain the services of reputable KY commercial real estate firms. Commercial Realtors in Kentucky have the knowledge and experience to orchestrate successful commercial real estate transactions.

Before purchasing Kentucky real estate commercial properties, do your homework and analyze the following:

1. Where is the optimal geographic location to invest in commercial properties in Kentucky?
2. What type of Kentucky commercial property is most appropriate for your finances, time, skills and real estate portfolio?
3. What is the potential income generated from a Kentucky office lease or other commercial property?
   

Action Steps
The best contacts and resources to help you get it done

Purchase commercial real estate in Kentucky in areas experiencing economic development and growth

Commercial real estate property location is directly proportional to the property's income potential. Research the commercial real estate property's accessibility to major roads, area crime statistics, neighborhood appearance and local economic growth. Examine future plans for the geographic area, including pending economic development or revitalization proposals.

I recommend: Get commercial office and industrial snapshots for the commercial real estate Louisville, Kentucky market at Commercial Kentucky, Inc. Discover demographic information on counties throughout Kentucky at Sperry Van Ness Ward Commercial Group. Research Owensboro economic development and demographics reports at Tony Clark Commercial Brokers.

Invest in a commercial property in Kentucky that is a good fit for your resources

There are several different types of commercial real estate property types: hospitality, industrial, office, retail, multi-family and land. When determining what type of commercial real estate property to purchase, evaluate your available resources, including your skills, abilities, time and finances. You may have the money to purchase a large retail property, but don't have the time to work with dozens of tenants; so analyze your resources before making a Kentucky commercial real estate purchase.

I recommend: Duane Realty & Development, a commercial properties Louisville, KY-based firm, specializes in industrial real estate. If you know the specific type of commercial property you'd like to purchase in Kentucky, post a "want" at Kentucky Commercial Real Estate Alliance and get listings as soon as they become available. Search for commercial, farm, investment and land at Kentuckyhomes.biz.

Buy commercial rentals in Kentucky that will quickly turn a profit

Carefully estimate the amount of money you plan to make each month from your commercial properties Kentucky investment. In order to realize your investment potential, you will need to make considerably more from tenants than your monthly expenses. Analyze local commercial real estate properties to determine their rates in renting space and retaining tenants.

I recommend: Search for properties in your price range using the minimum and maximum price search tool at Semonin Realtors. Grisanti-Head Commercial Real Estate provides reports offering helpful hints for commercial real estate investing. Haymaker/Bean Commercial Real Estate features estimated rental rates for commercial real estate Lexington, KY.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  Before making an offer on a commercial real estate property in Kentucky, do a competitive market analysis to determine the price of comparable commercial properties for sale in Kentucky. A competitive market analysis will ensure that your price is based on fair market value.
• •  Prior to purchasing a commercial business for sale in Kentucky, research local zoning regulations. Find out what zoning laws apply to your prospective property and how zoning regulations may affect leasing opportunities.