{"id":1278,"date":"2018-02-14T04:12:01","date_gmt":"2018-02-14T04:12:01","guid":{"rendered":"http:\/\/www.realestatewords.com\/?page_id=1278"},"modified":"2023-07-15T18:11:41","modified_gmt":"2023-07-15T18:11:41","slug":"commercial-acre","status":"publish","type":"page","link":"https:\/\/www.realestatewords.com\/commercial-acre\/","title":{"rendered":"Commercial Acre"},"content":{"rendered":"

Commercial Acre Definition<\/h2>\n

Commercial acre<\/strong> is the area that remains in a commercial real estate development<\/a> project after improvements have been made including but not limited to such improvements as curbs, sidewalks, and gutters.<\/p>\n

Explanation<\/h2>\n

Since commercial developments typically will come with requirements to improve surrounding public spaces, such as adding sidewalks and curbs and gutters, the industry compensates for these improvements.<\/p>\n

It allows for a smaller net space to still be considered a full acre plot.<\/p>\n

For example, a real estate developer<\/a> purchased a plot of land that was 400 yards x 10 yards which comes out to 4000 sq yards.<\/p>\n

This is smaller than his residential acre lot which measured out to 4840 sq yards. But he still is proud to own his own commercial acre.<\/p>\n

For all raw land<\/a> developers it is vital to understand how commercial land differs from residential land developments.<\/p>\n

They need to know what net area will be left over after improvements to determine how much usable space is available at what price.<\/p>\n

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