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Commercal lot minimum size
Posted on 4/23/14 at 7:48 pm
Posted on 4/23/14 at 7:48 pm
I have an opportunity to purchase a residential lot that is soon be commercial, but it is only one-half acre. Guys, do you think that this would be too small for most commercial development? What kind of business/franchise can you see fitting on this? Thanks.
3
Posted on 4/23/14 at 7:52 pm to Trophy Husband
Need location to make any accurate assessment.
Posted on 4/23/14 at 8:30 pm to Trophy Husband
quote:
I have an opportunity to purchase a residential lot that is soon be commercial, but it is only one-half acre. Guys, do you think that this would be too small for most commercial development? What kind of business/franchise can you see fitting on this?
You could site a lemonade stand there.
OK, I couldn't resist, sorry.
Honestly it's hard to tell without more details. As was already stated location matters quite a bit, as does the kind of business that might locate there. The size will dictate what kind of firm locates there - it's plenty of space for a laundromat or an IT services firm, but obviously not enough for an aircraft manufacturing facility. If the site is close to other businesses that get foot traffic that can be a bonus too. But really it's all in the details.
I guess the biggest risk is whether the site lot really will be commercial as you predict it will be.
Posted on 4/24/14 at 10:05 am to Trophy Husband
No it's not too small but it is small. It also depends on location, layout, and accessibility.
I've seen drive-thru Starbucks on smaller tracts. Small retail strips, professional offices with 15-20 parking. but it all depends on site.
Is it a square? long narrow rectangle? Are there development guidelines? Setback restrictions? What about access to utilities?
I've seen drive-thru Starbucks on smaller tracts. Small retail strips, professional offices with 15-20 parking. but it all depends on site.
Is it a square? long narrow rectangle? Are there development guidelines? Setback restrictions? What about access to utilities?
This post was edited on 4/24/14 at 10:08 am
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