The fact is, with the help of an expert, buying commercial
or residential real estate for construction – or even an existing business –
can be a walk in the park. Without expert help, that park becomes a minefield.
There are hundreds upon hundreds of potential pitfalls so, in this situation,
the Devil really is in the details.
CDC is the real estate expert many, many people turn to when
buying vacant land to build a business or residential property, buying a
pre-existing commercial building or even leasing space for a business. Since
CDC was born of Corrigan’s Custom Built Structures (CBS), we know what it takes
to build a business, retrofit an existing business or create a truly
breathtaking home, from site selection to ribbon cutting. We’ve literally been
through every possible scenario and have negotiated the hurdles successfully.
Most importantly, we know what to look out for.
Let’s say you’re looking for a site to build a fast-food
franchise. Before you even break ground, there are local and state regulations
– some old, some new and some changing – for sewage, water treatment,
industrial waste, storm water, environmental issues and more. Plus there can be
hidden issues like buried utility lines, private easements, down to and
including seemingly inconsequential details.
As an example, one recent CDC/CBS project was just such a
fast-food franchise. Before turning over the first shovel-full of dirt, we
warned the new owner that his signage (yes, the “simple” sign on poles out
front) was subject to regulations from four government agencies:
local, County, State DOT (since the location was off a state highway) and
Federal DOT (since the sign would be visible from an interstate highway). If we
had not known all the issues, the owner might have put up the
multi-thousand-dollar sign and torn it down three times to comply with
all the agencies as they issued summonses. And this is a perfect example of how
knowing the ropes can save the customer time, money and a lot of grief.
As we’ve said, our expertise in Real Estate comes from our
experience in Design Build construction – taking a piece of property from
concept to ribbon-cutting.

Here are a few more tips on what to look out for if
you’re going to search for vacant real estate on your own:
TIP: Contact the
appropriate local agencies to confirm that the property is zoned for your
intended use.
TIP: Do a
competitive analysis of the property to establish if it is (a)
competitively priced, (b) appropriate for and (c) potentially profitable for
your intended use
TIP: Contact the
city planner and establish that the streets can handle your projected traffic
volume.
TIP: Research
storm-water management restrictions.
TIP: Find out if
your district forces businesses to pay a Utility District Tax for storm water
management.
TIP: Check for
Flood Plains.
TIP: Check for
Flood Ways. (In 2004, FEMA maps converted many Flood Plains to Flood Ways, and
all are unbuildable. It helps to stay current.)
TIP: Do a site
survey of the property lines listed with the municipality to see if they
coincide with the property lines built-to.
TIP: Contact the
Environmental Protection Agency and check for ESAs (Environmentally Sensitive
Areas), endangered and protected species of fauna and flora, air and noise
restrictions, etc.
TIP: Get a
geological survey to check to see if the site is on bedrock; in this area, it
would most likely be The Niagara Enscarfment (which severely restricts
some improvements, changes, structures, etc.)
TIP: Contact the
power utility and check power accessibility and limits (you need to know what
your needs would be).
TIP: Contact the
natural gas utility and check accessibility and limitations. Installing gas
extension lines to adequately supply a business can cost tens of thousands of
dollars (you need to know what your natural gas needs would be).
TIP: Contact the
city sanitation department and check sewer capacity (You need to know what your
needs would be.)
TIP: Contact
Local, County, State, Federal departments for regulations on signage.
TIP: Contact
utilities for maps of buried lines or pipes. (You can not build over
high-pressure gas mains, high-volume water transmission mains and many other
newer utility line types.)
Considering an existing building?
TIP: Do a
complete building inspection and note every detail that could hint at an issue.
TIP: Find out
when the building was built and first occupied. This will tell you if asbestos,
lead paint or lead pipes are a concern.
TIP: Get the
repair records and look at the kinds of work that might indicate structural
issues.
TIP: Check city
and state records for any building code violations and their resolutions,
ongoing issues, etc.
TIP: Contact the
local Federal office for Americans With Disabilities Act and investigate any
compliance issues
TIP: Find out if
previous owners/users used the building for storage, what they stored and
where.
TIP: Find out if
there is any storm-water management in place and when it was put there.
TIP: Inspect
roof's integrity.
TIP: Get records
of original roof installation and any repair since.
TIP: Get copies
of original HVAC design, records of installation and any repair since.
TIP: Get copies
of original plumbing design, records of installation and any repair since.
TIP: Contact
previous owners to find out if any underground utilities were granted by
private easement.