What should I know before purchasing vacant commercial land?

Purchasing commercial land involves more than evaluating location and price. Buyers should consider zoning, permitted uses, utilities, access, environmental conditions, stormwater requirements, development costs, and future infrastructure plans.

The property’s highest and best use, along with the cost of preparing the site for development, may significantly influence its overall value.

If you’re considering commercial land, I’d be happy to discuss the questions that are commonly explored before moving forward.