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Investing in a commercial property is much different from buying in the residential market. It requires specialized research and preparation to make a successful purchase. The first thing you’ll want to do is hire an experienced commercial real estate agent who can guide you through the process. Next, you should put together a list of questions you can ask about properties you may be interested in. The professionals at Winmar Corporation have helped numerous Lexington, KY, businesses settle into the perfect space to conduct their operations.

Here, they list a few questions you should ask your agent before moving forward with your investment:

  • Does Zoning Allow for My Intended Use? It’s crucial to let your commercial real estate agent know about your intended use of the property. Sometimes, zoning ordinances place restrictions on how properties can be utilized. You must make sure a building can legally serve the purpose you need it to.
  • commercial real estate agentAre There Any Planned Developments for the Area? New developments in an area can significantly impact the value of other properties nearby. If you’re going to make a commercial investment, find out if there are any planned developments in the neighborhood that could affect the profitability of your building and business.
  • Are There Tenants & Is There a Rent Roll? Some buildings you’re considering may already have tenants. It’s essential to figure this out, and if so, carefully review the rent roll. The rent roll consists of information about lease agreements and tenant obligations, as well as tenant deposits and charged expenses.

The more you know about a property, the easier it will be to determine if it’s the right one for your business. If you need a knowledgeable commercial real estate agent to assist you in your venture, contact Winmar Corporation at (859) 254-5755. You can also visit them online for additional information on office buildings available for lease. 

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