What does “PAD AVAILABLE” mean on “commercial real estate for sale” signs?

Jul 13, 2009 in Commercial Property Loans

Does it mean a concrete pad has already been installed? Or does the P in PAD stand for Pennsylvania, as in some kind of state loan or tax-abatement assistance?

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4 comments

Drew Einsmann on July 13, 2009 at 7:09 am

A pad site typically is a location outside of a retail center that most of the time a restaurant or a bank is located. I provides better visibility and access to the location then being on the strip next to the anchor tenant, typically a grocer. Pads most of the time are ground leases but a some rare instances can be sold to the tenat.
Real Estate Guy on July 13, 2009 at 7:09 am

It means that there is space to build something. It is usually leased.
Tim on July 13, 2009 at 7:09 am

In commercial real estate the "pad" is the piece of land usually in a shopping center designated to contruct a building on.
Keith F on July 13, 2009 at 7:09 am

You might be able to get your question answered at a Commercial Real Estate site at BuilderBrokerNetwork.com. It’s a Commercial Real Estate Marketing site but you have access to various Brokers and Builders. Good Luck.

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