Question

What is considered special use Real Estate? Can you provide an example of special-use real estate?

Jenny Durkin asked 1 answer

What is considered special use Real Estate? Can you provide an example of special-use real estate?

I’m interested in buying an abandoned school. Would this property be classified as commercial or special use?

1 answer

Terry Holman

The Small Business Administration (SBA) states a special purpose property is “a limited market property with a unique physical design, special construction materials, or a layout that restricts its utility to the specific use for which it was built.