Investor · Columbus, OH · Member since 2014 · 108 posts · 25 votes
The commercial building next door is for sale. It's impact on us is we can only access our current parking situation from the lot. The owner probably won't grant an easement for our property because it would cut through a large portion of the lot hurting his resale value. It's been on the market for a while 2 years or more. We'd like to own/ control it so we can maintain off street parking. How can we structure a deal.
- It is zoned commercial
- asking $565,000.00
- we would like to covert from a law office into a fresh produce market
commercial you have no chance unless you do owner financing. Another option is paymore than asking and do some fancy paperwork with owner.
Get a personal or home equity loan and don't mention you will use money for this deal. I believe minimum you will need 20 percent.
However if its for sale its probably listed by agent therefore your choices are limited.
Not trying to be rude but if your asking these type questions you probably don't have alot of experience. I believe anything is possible as long as you work hard. Just be careful. Commercial is a whole nother monster.