What Is A Multi-Purpose Property?


Manage episode 240583526 series 2518941
By Ryan Smith. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
As its name implies, a multi-purpose property is commercial real estate comprised of improved land with a building that has multiple purposes or uses as opposed to buildings that have a single-purpose o use. The primary determining factor whether a property is considered multi-purpose has to do with the design of the building and not the activity of the occupant.

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