An actual property transaction involving a construction or land use that deviates from present zoning laws however was legally established previous to the laws’ enactment represents a novel alternative. For instance, a small grocery retailer working in a neighborhood now zoned solely for residential use exemplifies this idea. Such properties are sometimes grandfathered in, permitting their continued operation regardless of the zoning change.
Buying such properties can supply distinct benefits, together with potential value financial savings and the acquisition of a novel asset. The historic context incessantly provides character and a way of place, contributing to the property’s worth. These benefits, nevertheless, should be fastidiously weighed towards potential limitations and challenges which may come up from the non-conforming standing.
