Buying commercial real estate can be overwhelming. There are a lot more details to consider.
1. Real Property Report and Compliance -- similar to residential real estate. We need to know if all the buildings on the land have been built in accordance with city zoning bylaws.
2. Industrial Use of Building -- what is the new building zoned for? Does your business fall into that category or do you need to apply for a different application?
3. Environmental Study -- has one been done already? Are there issues with the land? These are very expensive depending on the level of study. The costs can range from $5,000 to $50,000.