Plaza Commercial Real Estate agents are experienced in all phases of real estate land development. Our team is well-versed in the local Wichita market conditions and regulations. We provide a variety of commercial land services for developers, landowners and investors, including feasibility studies, market analysis, financial analysis, mapping and demographic services, property acquisition, and land entitlement and disposition.
Plaza Commercial Real Estate agents can assist with many aspects of land selection, entitlement and development. Our services include:
Planning a new development is an involved process. At Plaza Commercial Real Estate, our agents will partner with you every step of the way to ensure you secure an optimal deal.
Site Selection and Evaluation
Extensive research must be completed before any commercial development can begin. A potential site must be evaluated to ensure it’s suitable for the proposed project. A commercial real estate developer must consider factors such the size of the property, its visibility and potential access, how it compares with competitors’ developments, surrounding businesses, existing infrastructure and any zoning restrictions.
Once the site has been selected, it’s time to determine the legal, economic and physical requirements for developing the property. Developers typically work with municipal planning departments to determine any zoning restrictions and legal requirements.
Site Investigation Report
A site investigation report (SIR) is a compilation of questions and facts that help determine if there are any potential issues with a site and what will be needed to satisfy all of the requirements. Site investigation reports usually include information on zoning, building permits, setbacks, utilities, requirements for parking, signage, lighting, access, fire code compliance and more.
Lenders and municipalities typically require several official reports about the site, such as an environmental study, a soil study and a survey. These will identify the physical and environmental characteristics and any potential hazards.
A developer must consider budget requirements for the project, any offsite work that may be required, whether a variance is needed or if the site will need to be rezoned, whether there are any liens or encroachments, and any potential roadblocks to the project. If the benefits of the project are determined to outweigh the potential risks, the next step in the process is to develop a site plan and then construction can begin.
The site plan includes the land survey, GIS and mapping for placement of utilities, parking, lighting and buildings. Planning must also be done for landscaping as well as water and soil resource management.
Contact a Plaza Commercial Real Estate agent to assist with your land development project today.