Buying land for commercial development is an exciting opportunity for financial growth, new and diversified investments, and business expansion. However, finding a piece of land that meets your needs, goals, and budget can be a process. Below are a few tips that can point you in the direction of the ideal property.

How to Find the Right Land for Commercial Development

1. Learn How the Property Can Be Used

When it comes to building commercial properties, different types of land come with different usage and zoning requirements. These requirements vary according to local, state, and federal laws and regulations.

It is important to know the land is practically and legally suited for the type of construction you are planning. If it is not, you could be wasting a significant amount of time and money. A site engineering professional should be consulted to assess the land to ensure it complies with all applicable laws, as well as assist in determining improvements or changes to the development area in order to house your project. For example, a property may be zoned for industrial use, however, the road or bridge that leads to the parcel may not be suitable for heavy loads.

2. Prioritize Location

The location of the project should be high on your list of priorities. While you can buy remote stretches of land to build on, there may be some distinct advantages to more centralized locations.

Determining if the land has the abililty to easily access the necessary public utilities for your project – including, water, sewer, gas/electricity, internet, and even traffic signals – is a key evaluation tool which is best assisted by a professional engineering consultant. Additionally, evaluations should include whether the site is convenient for workers, customers, and tenants. They likely won't require the construction of additional roads or points of entry. Keep in mind, however, that developing land closer to a city center that’s nearby colleges, downtown business districts, and hospitals may come with a higher price tag.

3. Evaluate Key Aspects of the Land

Just because a parcel meets the 2 criteria listed above, doesn't automatically make it a good fit. Before buying, have a professional engineer and professional land surveyor physically evaluate the site and its feasibility for your project.

The topography of the land, and the size and shape of the parcel, should all be taken into account. An engineer/surveyor will provide a comprehensive view of the property and determine many hinderances and positives for developing a parcel to meet your goals.

If you need a Professional Engineer or Land Surveyor for your commercial development project, turn to Abercrombie & Associates Inc. This team of professionals has been serving the Ohio, Kentucky, and Indiana Tri-State area since 1976. They offer professional civil engineering and land surveying services for commercial, residential, community, and industrial applications. Call (513) 385-5757 or visit them online to request a quote.