4 Tips When Buying Commercial Land for Sale in Columbus, Ohio Thursday, February 22, 2018
Just as farmers select the types of crops to grow and where to locate them, buying commercial land for sale in Columbus, Ohio requires similar forethought. Because a property looks great doesn’t mean all legal entanglements have been resolved, or there aren’t unforeseen challenges. In short, don’t let the fervor of early spring and the exhilaration of a new beginning blind you to property shortcomings.
Since 1830, the U.S. Census Bureau has never recorded a Columbus, Ohio population decrease. And for the last 30 years, the city has achieved double-digit population gains – a hard feat in the urbanized and industrialized Midwest. That means vacant downtown Columbus real estate is rare. But it also means suburban and rural areas are waiting to be discovered, improved, and purchased! Take the following four tips into consideration before you begin searching for commercial land.
Essential Tips When Buying Land:
- Start with the basics – envision, explore, discover: Determine exactly why you’re buying the available land, or what you may foresee in the future. Do you envision a shopping mall? A mixed commercial/residential property? What are the current (and predicted) population growth numbers like? Consider driving around the area or even relying on Google Maps to explore; you might discover the community’s uniqueness and how your purchased commercial land can fit into the larger picture.
- Learn about roads, easements, and property rights: Consider spending the afternoon or night on the land that’s for sale, if possible. Learn about easement rights and road access. For instance, a nearby road could be privately owned by another neighbor. Do you want your rights to that road governed by a simple handshake or do you want to ensure solid legal ground?
- Check for access to water and utilities: Undeveloped, raw acreage doesn’t mean ungoverned. Check the property’s access (and legal use) to streams, creeks, rivers, ponds, etc. The same goes for utility access. Rural property may be off the grid. How expensive will it be to electrify a piece of raw land and connect sewer mains? If city sewer options aren’t available, how does that impact the property’s commercial potential?
- Zero in on zoning laws: Zoning laws are extremely important when you buy commercial land in Columbus, Ohio. Some areas may be designated “forever wild,” such as New York’s Adirondack Mountains; however, others may strictly limit building heights, population density, and distance from nearby properties.
Why Commercial Land For Sale in Columbus, Ohio is the Smart Choice:
Because of the incredible economic growth over the last few years, Columbus is one of the most sought-after locations to buy commercial land for sale. Did you know that 47 percent of North America’s population is situated within a 500-mile radius of Columbus, Ohio? That’s why many companies are taking advantage of the opportunity to buy land in the Columbus region.
For example, Denver-based data center provider, Cologix, completed the first phase of building its third data center in Columbus, Ohio in February 2018. Cologix started with a single 5-acre facility in 2013, and acquired 2.7 acres of adjacent land in 2014 to strengthen its presence in the city.
And, don’t forget about Facebook breaking ground in 2017 to build their new data center facility in New Albany. (Okay, so we can’t technically claim it as ours, but Facebook will be our neighbor within the greater Columbus region.) Sitting on 345 acres, the facility is being built in two phases, each about 450,000 square feet. Including an administration building, the facility measures just under 1 million square feet in total. The first phase is slated for completion in 2019 and the second is expected in 2020. Facebook anticipates their New Albany data center to be one of the most advanced and energy-efficient data centers in the world (it’s powered with 100% renewable energy).
Cologix and Facebook illustrate only two of the many outstanding real estate development projects in the Columbus region. So, that begs the question: Why wouldn’t you want to buy land for sale in Columbus, Ohio?
Ready to Buy Land?
For nearly 80 years, The Robert Weiler Company has worked hard at redefining the meaning of service. To us, “service” is more than a word – it’s a drive to give our customers the information they need, when they need it. Any one of our talented and dedicated land brokers are eager to help you realize your dreams of owning commercial land for sale in Columbus, Ohio. We look forward to placing the first shovels in the ground and cutting that ribbon! Call us at 614-221-4286 or fill out our “contact” form today.