A community shopping center, also known as a community center, is a retail property designed to serve a larger area than a neighborhood center, providing a wider array of goods and services.
A neighborhood shopping center is a type of retail property designed to provide convenience shopping for the day-to-day needs of consumers in the neighborhood. It typically offers a mix of convenience-oriented stores and services.
A retail property is a classification designated through zoning ordinances, allowing for various types of businesses such as stores or shopping centers, enhancing the commercial use of an area.
Strip Development or Strip Shopping Center refers to a form of commercial land use in which individual retail establishments have direct access to a major thoroughfare, commonly lacking an anchor tenant and utilizing intensive signage to attract customers.
With over 3,000 definitions (and 30,000 Quizes!), our Lexicon of Real Estate Terms equips buyers, sellers, and professionals with the knowledge needed to thrive in the real estate market. Empower your journey today!