top of page
Writer's pictureSteve Mckinley

Maximizing Profitability And Convenience With Mixed-Use Properties

Today we're talking about something profitable and convenient – mixed-use properties where you can have your cake and eat it too!


Mixed-use properties are becoming increasingly popular in the real estate market due to their potential to generate higher returns than traditional single-use properties. This type of development allows investors to capitalize on the convenience and profitability of multiple uses in one location.

This article will discuss the different types of mixed-use properties, the key factors driving development, the potential benefits and risks, and ways to invest in mixed-use properties. We will also answer some frequently asked questions about mixed-use properties. As it is one of our principles, convenience is the amenity!


Don't settle for a single-use property when you can maximize your returns with mixed-use options. Join forces with Urban Value Store and let us help you achieve your full potential. Contact us now!


What Is A Mixed-Use Property?

A mixed-use property is a type of real estate property that combines two or more different uses within the same building or complex. These properties typically include a combination of residential, commercial, and industrial uses.


For example, a mixed-use property could include retail stores or offices on the ground floor and apartments or condominiums on the upper floors. These properties are designed to be versatile and adaptable to the surrounding community's needs. They provide a range of amenities and services in one location, which can be convenient for residents and businesses.


Mixed-use property


What Is Mixed-Use Development?

Mixed-use development is the practice of combining different types of land uses within a single development project. This type of development is becoming increasingly popular and is seen as a way to create vibrant, livable, and sustainable communities. This typically involves integrating residential, commercial, retail, and recreational components.

It can range from small-scale to large-scale projects spanning multiple city blocks. The goal of mixed-use development is to create a community that is more efficient, livable, and desirable than traditional single-use development. Mixed-use developments often have a variety of benefits, including increased economic activity, more efficient use of land, and improved quality of life.


Mixed-use development

Vertical Mixed-Use Development

Vertical mixed-use development can take many forms but typically involves multiple floors or levels, with different users occupying different portions of the building. For example, a typical vertical mixed-use development might have retail shops or restaurants on the ground floor, offices on the next few floors, and residential units on the upper floors.

The goal is to create a self-contained community or neighborhood within a single building, providing residents and workers with easy access to amenities and services.


Horizontal Mixed-Use Development

In contrast to vertical mixed-use developments, which often feature high-rise buildings with different uses on different floors, horizontal mixed-use developments typically feature low-rise buildings and more of a campus-like atmosphere.

These developments aim to create walkable and livable communities with a mix of amenities and services that serve both the development's residents and the surrounding area.


Horizontal mixed-use developments can take many forms, from suburban shopping centers that include housing and office space to urban districts that feature a mix of retail, residential, and office space. They can also include parks, restaurants, and other public amenities.


What Are The Different Types Of Mixed-Use Properties?

Here are some common types of mixed-use properties:


Residential-Commercial Mixed-Use

This type of mixed-use property is a combination of residential and commercial spaces. It can include apartments, condominiums, or townhouses on the upper floors, with retail stores, offices, or restaurants on the ground floor.


The residential-commercial mixed-use model is a great way to leverage the strengths of both residential and commercial real estate.

On the residential side, apartments provide a steady stream of rental income and the potential for appreciation.

On the commercial side, shops and other businesses bring in additional revenue and help to create an attractive neighborhood.


Residential-Commercial Mixed-Use

Live-Work Mixed-Use

Live-Work Mixed-Use properties typically feature residential and commercial units in the same building or on the same lot. The residential units are typically apartments, condos, or townhomes, while the commercial units generally are office spaces, retail spaces, or other businesses.

This development allows people to live and work in the same location, eliminating the need to commute between home and work.


Live-work mixed-use


Hospitality Mixed-Use

These properties combine residential and hospitality elements, such as hotels, restaurants, and other hospitality services, to create a unique and profitable investment opportunity. Hospitality mixed-use properties offer many benefits, including increased foot traffic, revenue potential, and improved convenience for residents and guests.


Additionally, these properties can provide an attractive and profitable investment opportunity for developers, as they can be used to create a unique and attractive destination for travelers and tourists.

Looking for a smart investment that combines residential and hospitality services? Look no further than Urban Value Corner Store. Our expertise in hospitality mixed-use properties can help you achieve long-term profitability. Contact us today to learn more!


Hospitality mixed-use

Retail-Entertainment Mixed-Use

Retail-Entertainment Mixed-Use properties are a popular form of mixed-use development that combines retail stores, restaurants, bars, entertainment venues, and other amenities in one location. Having all the necessary amenities in one place allows people to easily access what they need without traveling to multiple locations.

This helps attract customers, as they know they can find everything they need in one spot. Similarly, this type of development is found in urban areas, where high foot traffic and demand for convenience make it a desirable option for developers and consumers.


Industrial-Residential Mixed-Use

This approach is increasingly popular in urban areas where space is limited and there is a need for both housing and industrial activities.


In industrial-residential mixed-use developments, the ground floor or lower levels of the building are typically used for industrial or commercial purposes. In contrast, the upper floors are used for residential units. This can include light manufacturing, warehousing, office space, retail, or other commercial activities. The residential units can be apartments, condos, or even single-family homes.


Civic-Cultural Mixed-Use

This development combines residential, commercial, and civic uses in a single building or complex. These developments are typically found in urban areas and are designed to be integral to a larger community.

Civic-cultural mixed-use developments typically include public spaces such as parks, plazas, and other public gathering spaces and cultural institutions such as museums, libraries, theaters, and other cultural attractions.


Transit-Oriented Mixed-Use

Transit-Oriented Mixed-Use (TOMU) combines residential, commercial, and recreational uses within walking distance of a public transit stop. This type of development is gaining popularity as cities look to reduce traffic and carbon emissions while providing easy access to amenities.

TOMUs are typically located near public transit hubs such as train or subway stations, bus stops, or ferry terminals. The idea is to provide easy access to transportation and amenities to reduce the need to own a car or use other forms of transportation.


Key Factors Driving Development

The key factors driving mixed-use development can include:

  • Economic benefits for developers, who can create more diverse revenue streams and maximize land use efficiency.

  • Sustainability goals and a desire to reduce carbon footprint by creating more compact, energy-efficient communities.

  • Social and cultural benefits include creating vibrant, inclusive neighborhoods with a mix of housing types, retail, and public spaces.

  • Demographic and market trends that favor walkable, urban environments and a desire for more live-work-play options.

  • Land availability and cost, particularly in high-demand areas where it may be difficult to develop single-use properties.

  • Government incentives and zoning regulations promote mixed-use development to increase density and reduce sprawl.


Possible Benefits Of A Mixed-Use Property?

The most obvious benefit of investing in a mixed-use property is the potential for higher returns.

Mixed-use properties also offer greater convenience for tenants and visitors. By combining different uses, people can access services without traveling long distances.

Mixed-use properties can also help to create a greater sense of community.

By bringing together people, businesses, and services, mixed-use properties can help to foster relationships and create a connected neighborhood.


Potential Risks And Drawbacks Of Mixed-Use Development

One of the main risks of mixed-use development is that it is complex and requires great coordination between different stakeholders. It can be difficult to get all parties involved to agree on a plan and ensure that the project is completed on time and within budget.


Another risk is that mixed-use projects can be more expensive to develop than single-use projects. This is because developing multiple uses in one project requires more infrastructure and coordination.

Risks like noise pollution can be a significant issue due to different activities such as traffic, construction, and businesses. The high population density in mixed-use development can also lead to a lack of privacy and increased crime risk. Gentrification can drive up housing costs and displace long-time residents.


Final Thoughts

The rising trend of mixed-use property development offers a convenient and profitable solution for residents and businesses. By providing diverse uses within a single building or complex, mixed-use properties can generate multiple revenue streams while improving residents' quality of life.


While challenges are associated with managing shared spaces and balancing the needs of different stakeholders, the potential benefits make mixed-use development an attractive option for developers and investors seeking to meet the evolving needs of modern urban living.


With Urban Value, you can take advantage of the numerous benefits mixed-use properties offer and reap the rewards of your investment. Or you can contact us to learn more about mixed-use investment opportunities.

Interested to learn more? Check out our latest article:

53 views0 comments

Comentários


bottom of page