Buying commercial land is complicated.

That’s the reason that you need to know about zoning, permits, regulations, title searches, utilities, and so on.

The bitter truth is that it’s not easy but it can be done if you follow a few steps to get started…

To do this, here are the 7 ways to get started with commercial land…

- Find a good location
- Who will be your tenant?
- Know the property’s zoning
- Look at services
- Check how much raw land is needed
- Look at the site plans
- Consider the topography

Find a good location for your commercial land

A good location is a key to a successful business.

It’s what makes you different from your competitors and can attract customers in droves.

A bad location, on the other hand, will keep customers away from you.

However, it won’t matter how great your product or service is if no one knows about it.

Who will be your tenants?

Before you can lease the land, you’ll need to find out if it’s zoned for commercial use.

This can help ensure that there are no restrictions on the type of tenant who will be allowed.

For example, many communities have zoning laws that prohibit certain businesses from operating within their borders such as movie theaters and bars.

So it’s important to check with local authorities before proceeding with a lease agreement.

If there are no restrictions in place at all and your property is zoned for commercial purposes( and by “commercial” we mean something other than residential or agricultural).

Then there should be no problem leasing it out as long as your tenants meet certain requirements such as being licensed by the state where they operate their business or having appropriate insurance coverage in place.

Before taking over operations at their new location.

Know the property’s zoning

Zoning is the way that a city or town divides land into different uses.

It can determine whether you can build on a piece of land or not, which business can operate there, and for how long.

Zoning also determines what kind of business will be allowed to operate on that particular piece of property.

If it’s commercial, then no residential units are allowed.

The best way to learn about zoning is through education at your local planning department but if you are short on time(or have other priorities), here are some basic tips:

Know what type of use each zone allows before buying any commercial property.
If you are looking for an investment property with potential income streams beyond rent payments from tenants.

Look into whether the current zoning allows mixed-use developments like apartments above shops or offices above warehouses.

Something similar might work well in your area.

Look at the services

- Check the location of the services
- Check if there is enough space for them, and if so, how much?
- Do you have any restrictions on what type of business can operate in that area?
For example, might a restaurant need a special permit from your municipality to operate within certain parameters(such as noise limits or hours of operation)?

If so, make sure that these rules are clearly outlined beforehand.

If you are going to operate your commercial land lease agreement, it’s important to get everything right before signing anything.

After all, this is where your money will be spent.

Check how much raw land is needed

Before you can figure out what commercial land is going to cost, you’ll need to find out how much raw land is needed for your building.

You can do this by checking with the city or state where the property is located and seeing what zoning laws apply.

Once you have an idea of how much raw land is required for parking, landscaping, and storage(if any).

It’s time to start looking at different types of commercial properties like:

- Malls
- Offices
- Complexes
- Warehouses
These are just three examples of common types of buildings that will require different amounts of space depending on their size.

Look at the site plans
One of the best ways to understand the property is by looking at its site plans.

Site plans show you what buildings and other structures will be on your land, as well as how they will relate to each other.

They also give you an idea of how large the parcel is, so you can determine if it’s suitable for commercial development.

You should look for site plans in person or online from local authorities.

The good news is that some companies may provide them for free if they are interested in selling their land.

Consider the topography
You must assess the topography of your property before you can decide on what to do with it.

If a building site has steep slopes, it will be more expensive than one that has flat land.

This is because there are many factors involved in determining how much money you can make from a particular piece of property, including:

- The quality and size of your building materials
- The difficulty in transporting materials over long distances without incurring any losses or damage during transport
- Time required for construction work if using manual labor instead of machinery

source: https://eystone.ng/commercial-land/

cc: ishilove
cc: mynd44
cc: lasticlala

Great article...love it

Very informative, kudos to the writer...

Commercial land can be the best output...Recently it is even getting more expensive than residential property