How to Choose the Right Commercial Land for Your Business

 Choose the Right Commercial Land

How to Choose the Right Commercial Land for Your Business

Choosing the right commercial real estate is exciting and daunting at the same time. The location could either make or break your business! You should invest money and time into choosing the right piece of land.

Here are a few tried and tested ways we at Texas Sparks Constructions put into practice while purchasing a commercial property. These location and feasibility tips could help you make an informed decision and make your investment efficient and fruitful. Read on!

Location: It goes without saying - location is the primary factor in choosing a piece of land. You wouldn’t want to pick a property in a poor location with poor access and no residential families around. If you want your business to thrive, it is worth assessing the area before you make that big purchase.

Utilities: It is always a good idea to check if the water, sewer, electricity and internet cables are installed around the location. If not, it is advisable to work on these aspects sooner as it is helpful while getting the required permissions.

Topography: One of the key considerations in land development is the topographic condition of the land. Is it a hilltop, a low-lying area or is it on a slope? A quick recce of the topography will help you identify the best course of action for the property - whether it needs to be leveled or filled in.

Trees: So far, if everything is being checked off your list, look for trees on your property. Small bushes aren't an issue. However, if you have trees, you will have to check if they come under the protected category. If it is under the protected class, you can either plan your construction around the trees or choose a tree mitigation service.

Identify resources: Once all is okay on the land front, it is time to choose your heroic party. It is crucial to pick the right land planners and civil engineers for the job. As a developer/owner, it is always advisable to have your own vision for the property - How much would you wish to allocate for retail space, restaurants and offices? With a clear vision, it is easy to work with the engineers and planners and make optimal use of the land. Draw a site plan based on the requirements, ensure optimized use of the land, and ensure property entries/exits, parking spaces and more.

Geotechnical investigation: At Texas Sparks Constructions, we highly endorse this step. Geotechnical investigations are performed by geotechnical engineers to obtain information on the physical properties of soil earthworks and foundations for proposed structures. It is a crucial method by which you get to know what is beneath the surface - limestone, debris, water seepage and much more. It is worth spending a little on this part.

Once you have completed and addressed these steps, the last and final one before making the purchase is to go meet the City.

Make a detailed proposal of the property: recces conducted, feasibility reports and plan for the property. Ensure that you call the city planner, fire lane department and planning and zoning departments to be a part of the meet. Allow the civil engineer to lead the discussions and make the presentation. Pay keen attention to the discussions and make notes of the same. Following this, brainstorm, understand costing and have a clear line of sight.

Determine your priorities, examine the more nuanced details and ask the right questions before you buy that property. If you are looking for substantial information and expertise, we at Texas Sparks Constructions are here to help you out with expert advice and valuable insights into the commercial real estate industry. We have been in the real estate field for many years and, are constantly engaged in the business of developing properties for commercial and residential real estate. Contact us for more information.