As the real estate property values continue to hold at the low end of the investment scale, the small home town appeal of the town of Apple Valley California in combination with its close proximity to the Interstates and regional tourists areas make it a lucrative prospect to the real estate investor who is seeking out commercial property or vacant land for new construction.
Since there is so much property on the market which is either in foreclosure or subject to short sale approval by the mortgage company, it is advisable that anyone wishing to purchase real estate of any kind, in the current market, associate themselves with a licensed real estate agent who is familiar with the desired geographic area. A real estate agent will help navigate the potential buyer through the stipulations associated with purchasing a foreclosed property.
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If desiring to purchase commercial real estate, including a building, considerations must be made for the current zoning rules and whether the building is up to code. Generally, foreclosed properties will be sold as is, meaning that the seller has no responsibility to bring the property up to the codes required for occupancy. While a potential purchase may seem like a great deal, the real estate agent will be able to determine, based on local contractors and availability of materials, what the overall cost to the purchaser will be after bringing the building and surrounding property up to code. This is where the use of a commercial real estate agent is invaluable. The real estate agent specializing in commercial properties will be able to ascertain real values for the investment, including potential lease rates and likelihood of 100% tenancy in a given area.
Apple Valley has grown in the last two years to include new construction of four retail strip malls and several large national department stores including Wal-Mart, Costco and Target. Furthermore, Apple Valley is now also home to a Lowes and a Home Depot location to accommodate the large amount of new construction in the regions commercial market. As the area is obviously receptive to certain types of commercial ventures, it is worth some investigation to see if your business will fit into a well established community.
If desiring to purchase vacant land as an investment or for construction purposes in Apple Valley, California, it is important to know whether the property you are considering is zoned for commercial or residential construction. Again, your agent will be well versed in the particulars of the potential transaction, and will be able to guide you to available properties that fulfill the criteria you outline. This will save you valuable time, as the market is beginning to indicate that it has bottomed out and the property values may begin to increase in the near future. If you have been on the fence with the idea of purchasing vacant land, the time to act may be right now. Check with a local agent for the specifics, and an outlook for the timeframe of your potential investment.
Apple Valley California Vacant Land and Commercial Real Estate Opportunities Lowes Build
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