I've found a property that is... interesting... but feels like it could have real potential for value-add.
It's about a half acre with the 2 following buildings:
2. Office Building (about 2k sqr ft)
Ideally I'd like to rent out the duplex like a normal Duplex, then figure out how to rent out the office building (this would be very new to me). Maybe I could convert the office building to a 2 bedroom??
Here's the concern. It's listed as "Zoned B". I've Googled "Zoned B" and found that it means it's designated as a Commercial Property for business use. Given this designation, does it make it illegal to rent the Duplex to normal tenants? I assume it's illegal for me to convert the office to a normal rental?
Also, can anyone confirm what Zone B means, or where/how I can find more info on it?
Thanks as always!
@Tom Lipps Definitely don't rent it as a duplex if its zoned commercial. I'm not familiar with OH laws, but you'd want to work with the county or city zoning commission to discuss the process for re-zoning. They'll be able to give you more details on what is classified as Zone B as well. It would have to be re-zoned before you could start converting it to residential.