South Dakota Commercial Land For Sale With Water Frontage

State:
South Dakota
Control #:
SD-P021-PKG
Format:
Word; 
Rich Text
Instant download

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.


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FAQ

Frontage is the extent of land that borders a road or a water body. In real estate transactions, having good frontage is crucial as it can impact visibility for businesses. When you explore South Dakota commercial land for sale with water frontage, understanding the concept of frontage will help you evaluate potential properties more effectively.

Water frontage refers to the land's border that touches a body of water. This term is essential in real estate as it significantly affects property value and usability. Purchasing South Dakota commercial land for sale with water frontage can provide you with a strategic asset that enhances your business visibility and attractiveness.

Land is considered commercial property when it is designated for business use, such as retail, offices, or industrial purposes. This classification can increase the land's value and potential for income generation. When searching for South Dakota commercial land for sale with water frontage, consider its zoning regulations and how they fit your business goals.

Water frontage in real estate refers to the amount of land that borders a water body. This can enhance the value of the property significantly, as it provides direct access to water for various activities. When considering South Dakota commercial land for sale with water frontage, you gain a unique advantage that can attract customers and enhance future business prospects.

The government owns a significant portion of land in South Dakota, including national parks, forests, and military installations. Approximately 47% of the state's land is government-owned, which influences land use and availability for private development. Understanding this can be helpful when searching for South Dakota commercial land for sale with water frontage, as it may impact your options.

Waterfront property refers to land that lies directly adjacent to a body of water, such as a lake, river, or ocean. This type of property is highly sought after because it offers scenic views and recreational opportunities. If you are exploring South Dakota commercial land for sale with water frontage, you will find unique investment opportunities that combine nature and business potential.

A contract for deed can be beneficial for sellers, as it allows them to receive steady income from payments over time. Additionally, sellers retain the title until full payment, offering a layer of security. If you are selling South Dakota commercial land for sale with water frontage, this method may attract more buyers and differentiate your property in the market.

In a contract for deed, the buyer typically pays property taxes directly to the local taxing authority. However, the seller may also have obligations or be involved in these payments until the title transfers. Knowing this is important if you're looking at South Dakota commercial land for sale with water frontage, as it ensures you budget for all ongoing costs associated with the property.

Two disadvantages of a contract for deed include the potential for losing the property if payments are missed and the fact that the buyer does not hold the title until all payments are completed. This can create challenges for buyers seeking to sell or leverage their investment in the meantime. Thus, if you're considering South Dakota commercial land for sale with water frontage, weigh these risks carefully.

In California, sellers of commercial properties must provide disclosures about property condition, environmental hazards, and zoning regulations. This ensures buyers understand essential details affecting their property investment. While this pertains to California, similar principles apply to South Dakota commercial land for sale with water frontage, where transparency helps foster trust in the transaction.

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South Dakota Commercial Land For Sale With Water Frontage