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Re: Commercial development
[Re: patriot07]
#14904498
11/20/23 10:55 PM
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Joined: Aug 2006
Posts: 19,832
COFF
TFF Guru
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TFF Guru
Joined: Aug 2006
Posts: 19,832 |
Zero experience, but I can hardly imagine re-zoning would be an easy process.
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Re: Commercial development
[Re: patriot07]
#14904628
11/21/23 01:48 AM
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Joined: Jan 2004
Posts: 74,867
Mark Perry
Super Freak
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Super Freak
Joined: Jan 2004
Posts: 74,867 |
I would only take advice from someone with actual commercial development experience.
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Re: Commercial development
[Re: Mark Perry]
#14904698
11/21/23 03:10 AM
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Joined: Apr 2010
Posts: 27,723
patriot07
OP
TFF Guru
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OP
TFF Guru
Joined: Apr 2010
Posts: 27,723 |
Zero experience, but I can hardly imagine re-zoning would be an easy process. I know the city manager and p&z guy both pretty well. Takes a couple months. They send out letters to everyone within 200’, which is mostly just other businesses. Not nothing but not a huge deal. I would only take advice from someone with actual commercial development experience. Yeah I’m really trying to find someone like that. Texted my lawyer to try to find a PoC.
Life can only be understood backwards; but it must be lived forwards. - Soren Kierkegaard
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Re: Commercial development
[Re: patriot07]
#14904729
11/21/23 04:01 AM
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Joined: Sep 2005
Posts: 28,110
Uncle Zeek
aka "Mom"
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aka "Mom"
Joined: Sep 2005
Posts: 28,110 |
shopping strip, office/warehouse, or self-storage would all be reasonable to do. Avoid office buildings etc that have shared interior common use spaces. Too much of a headache.
You definitely need to learn the language of commercial leasing - triple net rent is sometimes a tough concept for folks new to it. In theory, you pass along any increases in costs like property taxes and insurance to the tenants, but in practice, you sometimes have to absorb some of those increases yourself.
One big positive for commercial over residential is that it's so very much easier to remove a non-paying tenant, especially with a well drafted lease.
"Decency is not news; it is buried in the obituaries --but it is a force stronger than crime" ~ Robert A. Heinlein Artim Law Firm, PLLC Estate planning & tax attorney AND 07/02 FFL 2250 Morriss Road, Suite 205, Flower Mound, Texas 75028 972-746-0758 mobile zac@artimlegal.com
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Re: Commercial development
[Re: patriot07]
#14904777
11/21/23 05:44 AM
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Joined: Aug 2018
Posts: 184
flippinskeeter
Outdoorsman
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Outdoorsman
Joined: Aug 2018
Posts: 184 |
I’m in commercial brokerage. I specialize in retail leasing and investment sales. There’s some accurate information in this thread and some not so accurate info. Glad to point you in the right direction, if I can.
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Re: Commercial development
[Re: flippinskeeter]
#14904874
11/21/23 01:22 PM
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Joined: Mar 2005
Posts: 44,652
butch sanders
TFF Guru
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TFF Guru
Joined: Mar 2005
Posts: 44,652 |
I’m in commercial brokerage. I specialize in retail leasing and investment sales. There’s some accurate information in this thread and some not so accurate info. Glad to point you in the right direction, if I can. This Some really bad info for sure
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Re: Commercial development
[Re: patriot07]
#14904886
11/21/23 01:41 PM
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Joined: Jun 2020
Posts: 16,437
grandbassslayer
TFF Guru
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TFF Guru
Joined: Jun 2020
Posts: 16,437 |
Zero experience, but I can hardly imagine re-zoning would be an easy process. I know the city manager and p&z guy both pretty well. Takes a couple months. They send out letters to everyone within 200’, which is mostly just other businesses. Not nothing but not a huge deal. I would only take advice from someone with actual commercial development experience. Yeah I’m really trying to find someone like that. Texted my lawyer to try to find a PoC. I’ve been thru a rezoning process- had to hire a company to do the mail out notifications, etc. Had to go before the zoning board- got what I wanted.
Last edited by grandbassslayer; 11/21/23 01:42 PM.
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Re: Commercial development
[Re: patriot07]
#14905489
11/22/23 12:21 AM
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Joined: Apr 2001
Posts: 8,185
Streater
TFF Celebrity
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TFF Celebrity
Joined: Apr 2001
Posts: 8,185 |
Get with your real estate attorney or even your title company. They can at least point you in the right direction.
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