| Questions
to ask about Vacant Land:
• What is the highest and best use for the property?
• What is the best use in terms of the market:
Retail? Industrial? Office? Multifamily?
• What does the parcel's zoning call for?
• Are there any regulatory authorities beyond
the municipality that must review plans for the parcel?
• What is the optimum size of the commercial operation
that the parcel could support?
• What is the market value of the land?
• Have comparable parcels been sold in the area
recently? If so, for how much? For what purpose?
• What are the physical characteristics of the
parcel: soil, slope, drainage, and topography?
• Are there any environmental constraints on the
property? Is it a Brownfields site? Is it in a flood
plain? Are there hazardous waste issues?
• What is the prevailing attitude among local
regulatory authorities toward land use issues?
• Is the rezoning application process relatively
straightforward or lengthy and contentious?
• What is the parcel's access to roadways, rail
services, and area amenities? If no direct access were
available, what would be the cost of providing it?
• What are the physical systems supporting the
property: sewers, roads, power, water, waste disposal,
and telephone and cable systems?
• What are hookup charges for utilities?
• What is the general quality of utility servicing?
• How is the land taxed currently?
• What is the path of growth in the market?
• What are the development trends?
Contact
us for more info on Saratoga CA Commercial Real Estate
- Vacant Land
|
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