What to Consider When Purchasing Commercial Land

Whether you’re searching for a prime investment opportunity or you want to find the perfect place to build your dream business, your success will begin and end with the piece of commercial land you choose to buy. Before you invest your valuable capital purchasing commercial land in Alpine, TX, here are some crucial factors to keep in mind.

Know your purpose

If you are in the market for a piece of commercial land (as opposed to agricultural or industrial property), the odds are good that you are developing it for some customer-oriented service. Maybe you want to build an apartment building with ground-floor retail. Perhaps you want to open a restaurant. Maybe you’re developing a shopping center with a little bit of everything. Before you can begin your commercial project, you need to know what your end goal is.

Get on the right side of regulations

Every time you erect a commercial building or purchase an existing structure, the land will come with zoning regulations, deed stipulations and more. Before you commit yourself to any property, it’s essential that you have an idea of the legal and regulatory implications of your purchase.

Get the land surveyed extensively

It doesn’t matter how big or small the property is when purchasing commercial land in Alpine, TX—you should certainly have an independent land surveyor assess your property and deliver an up-to-date report on the specifics of the land (i.e., boundaries, topography, slope, protected areas, etc.).

Do your homework

You wouldn’t build a restaurant 50 miles from the nearest neighborhood, would you? You wouldn’t think about constructing an office building in a location that’s difficult to reach, right? Before you break ground, make sure you’re studying your property as well as the community surrounding it. Before you purchase a piece of commercial land, you’ll want to make sure that it will get enough interest to remain viable.

Think about the future

When you first set foot on your property, it may look like an isolated stretch of land. That may be true in the beginning, but thanks to an incredible increase in the U.S. population and a consistent number of people leaving larger cities like El Paso, that may not be the case for long. Investigate the area you’re planning to buy. See if anyone else has expressed interest. You could be standing on a gold mine.

Find the right team

Easily the most vital component of finding the perfect piece of commercial land is enlisting the help of the right realtor. When you’re purchasing commercial land in Alpine, TX, that means placing a call to Carpenter Real Estate.

Since 1947, we have sold more than a million acres in Alpine, TX and the surrounding areas. We’ve gotten to know the intricate ins and outs of real estate in the area better than anyone else, and we can’t wait to put that knowledge to work for you. Whether your needs are commercial or residential, we can help. Pick up the phone and give us a call today. We can’t wait to hear from you.