Most commercial buildings have a 39-year life, although you can speed up the process and claim your depreciation in less time.
Unless a commercial real estate property is defined as mixed use—for example, tenants living above storefronts—it is intended to be for business operations only, not for residential use.
Violating these local zoning laws can have serious implications. Penalties, evictions, and in severe cases, imprisonment can ensue. However, with the proper permissions and alterations, converting a commercial space for residential use might be possible.
Yes, you can live in a warehouse as long as it's zoned for residential use and your landlord approves of people living in the space. If you want to operate a business out of the warehouse space as well, it will also need to be zoned for industrial use, too.
Using a commercial property as a residential space This means you need to apply to change the building use from commercial to residential. While this is perfectly achievable, the first thing to consider is the type of building you're interested in.
And safety standards for residential. Living attempting to live on commercial property can lead toMoreAnd safety standards for residential. Living attempting to live on commercial property can lead to legal. Issues fines and eviction as it violates zoning laws.