Since the creation of North America's first town market, there have been many evolutions in how people shop. Market days led to commercial districts on Main Street, and some companies issued catalogs offering everything from egg beaters to prefabricated houses. Now, fewer than 50 years after the first large suburban mall opened, online retail has turned it all on its head.
Is it time to move your business from your home to a commercial space? Are you running out of room at your current office? Do you simply want an updated location? If you answered yes to any of these questions, it's time to explore the real estate market for a new commercial space. Below, you will find tips to help you acquire the right commercial property for your business.
The zoning laws of Kentucky are in place to ensure that businesses do not overstep their bounds if they are operating close to a residential area. Zoning laws are divided into sections: commercial, residential and industrial. Each different section has laws that govern what can be built in those sections. So, how do you learn the zoning laws of Kentucky?
Are you looking to purchase a commercial property in Louisville? If so, this is a serious investment you are making for yourself, your business or your family. Buying commercial property costs more than buying residential property. It is a more complex contract and you have to consider zoning ordinances and laws. That's why you need to hire a real estate attorney when buying a commercial property.
Have you ever wanted to own a piece of commercial real estate in Kentucky? Are you getting closer to pulling the trigger on such a purchase? Commercial real estate has plenty of advantages. Let's take a look at the benefits of owning a piece of commercial real estate in today's post.
The purchase agreement is one of the most important documents you will create when buying a commercial property in Louisville. This agreement is so important that one tiny mistake could nix the deal in a heartbeat. Make sure you know how to write a purchase agreement by following the tips.
As more baby boomers enter their senior years, the demand for senior living communities as well as skilled nursing and memory care facilities is growing. Baby boomers are the largest group ever to enter their senior years together. A Pew Research study estimates that by 2029, about 20 percent of Americans will be at least 65 years old.
City and state officials are working to turn run-down, low-income sections of downtown Louisville into thriving business districts. They want to encourage long-term investment in these areas. This involves creating "opportunity zones." By designating areas as opportunity zones, those who invest in property there are eligible for significant tax breaks.
Whenever you consider leasing or buying a property, it is always important to understand any easements that another party may hold. In simple terms, an affirmative easement is a right to use a piece of property in a certain way, and a negative easement is a restriction against using property in a certain way.
Searching for the ideal location for your next commercial venture can be both exciting and infuriating, depending on your needs and the properties available in your area. Unfortunately, commercial property is often located in areas with specific restrictions on what types of businesses may operate. These are known as zoning restrictions.