Zoned Industrial
I've only ever invested in SFH and have never ventured into comercial props. However, a lady called me yesterday to see if I wanted to buy her indust. prop. It's one acre, zoned industrial, with a 30x60 building and a 3 bed/1bath house on prop. She use to live in the house, needs rehab. She owns it free and clear. Asking 67k.
When I look at the prop...
what do I need to look for as far as potential problems w/ industrial prop?
As I said earlier, I have zero experience with commercial props. If it looks like a potential deal, I'll hit the books and seek advice ASAP. I don't really know what a good commerical deal looks like without doing more research. Just wondering if there was any key elements to look for in industrial/commercial props versus SFH. The owner told me that someone can live in the house. I question this if it is zoned industrial. Any thoughts/insite to a potential commercial newbie?
Thanks,
Todd
I would think someone would be able to live in the house you have to check with the city though.
Thanks for the direction commericalking. I'll do some homework and report back as I find answers. Thanks again for the help.
Todd