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Commercial Property With Apartment Above

Category:
Real Estate - Commercial
State:
Ohio
Control #:
OH-P021-PKG
Format:
Word; 
Rich Text
Instant download
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Description

With this Commercial Property Sales Package, you will find many of the forms that are part of closing a commercial real estate transaction.


Included in your package are the following forms:



1. A Contract for the Sale and Purchase of a Commercial Lot or Land without a Broker;

2. A Option for the Sale and Purchase of a Commercial Building;

3. A Option for the Sale and Purchase of a Commercial Lot or Land;

4. An Addendum for Environmental Assessment of Threatened or Endangered Species or Wetlands;

5. An Addendum for Continued Marketing of Property by Seller due to Contingencies;

6. An Exchange Addendum to Contract for Tax Free Exchange under Section 1031;

7. A Tax Free Exchange Agreement pursuant to Section 1031; and

8. A Fixed Rate Promissory Note Secured by Commercial Real Estate.



Purchase this package and save up to 30% over purchasing the forms separately!

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  • Preview Ohio Commercial Property Sales Package
  • Preview Ohio Commercial Property Sales Package
  • Preview Ohio Commercial Property Sales Package
  • Preview Ohio Commercial Property Sales Package

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FAQ

Living above your business is generally known as 'live-work space.' This arrangement provides the benefit of commuting just a flight of stairs. It’s a popular choice for entrepreneurs and small business owners, especially when considering a commercial property with apartment above.

Houses built on top of stores are commonly referred to as 'mixed-use developments.' These structures allow residents to live conveniently above their favorite shops or services. This design enhances urban living and can be a key feature of a commercial property with apartment above.

An apartment on top of a building is often called a 'penthouse.' This prestigious living arrangement is typically associated with luxury and comfort. In the context of commercial properties, such apartments can add significant value, making them attractive to both tenants and investors.

Yes, you can apply to rezone your property to commercial. The process involves submitting a rezoning application to your local zoning board and demonstrating how the change aligns with community goals. Using a platform like USLegalForms can help you navigate the legal requirements effectively and ensure a smooth transition to a commercial property with apartment above.

Apartments themselves are typically classified as residential property. However, when an apartment is part of a larger commercial property with a mix of retail or office spaces, it can contribute to the overall commercial classification. This dual-use often attracts investors looking for diverse investment opportunities.

Apartments above garages are often referred to as 'garage apartments.' These types of dwellings offer a convenient living option, especially in areas where space is limited. They can be an integral part of a commercial property with apartment above, providing additional rental income potential.

Yes, you can have an apartment in a commercial building. This setup is quite common, especially in urban areas. Many commercial properties with apartment above serve dual purposes, providing living space and a business environment. It’s important to check local zoning laws to ensure compliance.

Yes, you can list your commercial property on Zillow. The platform supports various types of real estate listings, including a commercial property with apartment above. Ensure that you provide accurate information, high-quality images, and relevant details to enhance your listing's visibility and attract potential buyers or renters effectively.

Yes, apartments can be considered commercial property, particularly when they are involved in rental businesses. A commercial property with apartment above can attract both residential tenants and business clients, making it a versatile investment option. Understanding this distinction is crucial for effective marketing and investment strategies, particularly if you are looking to leverage its commercial potential.

Marketing commercial property involves developing a strategic plan to promote your listing effectively. Utilize professional photography and virtual tours to showcase features, especially if it includes a commercial property with apartment above. Additionally, consider targeted online advertising and local networking, as well as collaborating with real estate agents to maximize exposure and reach interested parties.

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