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When buying a commercial property that has been lying unused for a long period of time, there are several factors that you should consider. This PPT Explain this several factors of commercial property. - PowerPoint PPT Presentation
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COMMERCIAL PROPERTY MANAGEMENT IN BROOKLYN MADE
EASIER
• When buying a commercial property that has been lying unused for a long period of time, there are several factors that you should consider.
• Next slide show several factor a commercial property management firm can come to your rescue by offering you some of the following counsel.
PROXIMITY TO RESOURCES
The biggest advantage that an old commercial real estate property can present is its proximity to resources such as public transport points,
safety of the area, popularity of the neighborhood, to name a few. It is therefore advisable to weigh the property on these criteria while you
weigh your options with your commercial property management firm and then make an informed choice.
POTENTIAL FOR RECREATIONAL ACTIVITIES
If an old property has an adjacent parking lot, or has an open space attached, or has multiple basements, all of these can work to your
advantage when planning a retail space in the premises. Retail spaces are now gaining or losing popularity based on a number of factors that are sadly not dominated by the brand names that they offer but by factors
such as the extra facilities that the spaces offer in the form of recreational activities.
PORE OVER THE LAWS AND ZONING GUIDELINES
With the help of your property management representative try to understand and abide by the laws and zoning guidelines of the area.
Also, ensure that the property is free of any legal hassles, and is clear of any bad debt. If the property does have any financial issues or legal
issues, try to resolve them before you set up shop.
POTENTIAL CLIENTS
Property management in Brooklyn, or any other part of USA will enable you to avail of key services which include screening of potential clients’ portfolios. This step should not be ignored or missed. Even before you
invest in the property, make sure you do your research about the potential clients that you will be able to lease your property out to once
it is open for business.
Contact us for more information on
Commercial property management
Connect us through : http://madisonprop.com