Zoning disputes to avoid as a CRE investor

Many people think that real estate investing is as simple as buying an Ohio property and collecting rent each month. However, there are many things that can go wrong with a property – and one of the most common issues is zoning disputes. If you’re a commercial real estate investor, it’s important to be aware of those issues that could arise.

Building height restrictions

This can be an issue if you’re planning to renovate an existing property or build a new one. If the property is in a residential zone, there may be restrictions on how tall the building can be. For instance, the city may only allow buildings to be three stories tall. You wouldn’t want to invest in a property and then find out that you can’t build to your desired specifications.

Parking requirements

If you’re planning to open a business on the property, you need to make sure that there are enough parking spaces for customers. Otherwise, you could get fined by the city.

In some cases, you may be able to get a variance from the city if you can prove that there’s enough street parking or that your customers won’t need to park on the property. However, it’s always best to check with the city before you invest in a property.

Pollution

This is a more serious issue that can arise if you’re planning to build a factory or other structure that emits pollutants. If the property is located in a residential area, there could be objections from neighbors. To avoid real estate litigation, it’s always best to try locating the business in an industrial zone.

Zoning disputes can be time-consuming and expensive to resolve. That’s why it’s important to avoid them if possible. If you’re unsure about a property, it’s always best to do your homework and check with the city before you invest.