What To Consider Before Buying Commercial Property

Deciding to own your own commercial property is a huge step to ensuring your business’ future success. There’s a lot of long-term planning and financial strategy that goes into buying a property, but we’re excited that you’ve made the choice. Our commercial Realtors in Brockton and the South Shore are here to help you find the right property for your business’ needs. Before you dive in and start looking at our property for sale, it’s important to take these tips into consideration, as they could help you save dozens of hours of search time.

What to Consider When Buying Property

Commercial Property Location

Whether you’re looking to purchase industrial space or retail and office space, your new location should always be considered first and foremost. Does it make sense to be near a highway or does it make sense to be in the middle of town? For industrial buildings, having access to major highways, ports, or railways may be crucial to cut transportation costs, while retail owners may want to be in the center of town where there’s a high amount of foot traffic.

The Condition the Property is in

How much extra work (and therefore time and money) are you looking to put into a property you’ve just purchased? For some, they don’t mind a bit of DIY expenses as long as their initial purchase cost is lower. For others, they want a move-in ready property. Don’t forget that it’s important to have the building inspected and up to code before signing the dotted line.

Limitations of the Commercial Property

 Hiring a professional commercial Realtor will help you better understand the property limitations — if any — that are attached to a listing you’re interested in. Our real estate company in Brockton MA will be able to tell you if there are any zoning laws or building codes you need to be aware of that might hinder your future plans for expansion or upgrades.

Parking Availability

For storefronts and office buildings, parking is a must-have feature. Office parks and plazas need parking for patrons and employees alike and without a large enough space it could hinder the business’ ability to attract customers. Luckily, the majority of our commercial properties have plenty of parking included.

Building Flexibility

 Like the spaces you’ve seen but plan on making some renovations to the property no matter what? Make sure you talk to our commercial Realtors beforehand so we can inquire about whether or not the property in question is capable of being renovated. If you’re looking to grow your business, we recommend buying a larger property and renting out the space you don’t need.

Zoning Laws

There are zoning laws in every town here in the South Shore and they vary depending on what town you’re in. With a commercial Real estate agent, you’ll be able to quickly get answers to what types of zoning laws you’ll have to deal with. For example, are you allowed to paint your retail space a certain color? Can you install a fence in the front? Does the town allow drive-thrus? Does the town allow your type of industry to reside within their boundaries?

Quinn & Associates: Providing Commercial Real Estate Solutions for Businesses

There’s a lot on the line when you’re looking to buy a property, so we want to make sure that you are properly prepared with the right knowledge to help you choose. Quinn & Associates is here to answer any questions you might have about buying commercial Real Estate, as well as help you navigate through the buying process. Contact us online today to inquire about an online listing!