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Updated almost 5 years ago on . Most recent reply
Commercial industrial space but for personal Non-business use
I have recently found a garage that was a business many years ago but has not been operated in 10+ years. I am interested in purchasing it for my own personal use. Is it possible to acquire financing for such a property? The property is zoned commercial.
Thank you
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Greg Dickerson
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Greg Dickerson#2 Land & New Construction Contributor
#2 Land & New Construction Contributor
- Developer
- Charlottesville, VA
Originally posted by @Rory Locke:
I have recently found a garage that was a business many years ago but has not been operated in 10+ years. I am interested in purchasing it for my own personal use. Is it possible to acquire financing for such a property? The property is zoned commercial.
Thank you
Yes. It will depend on the property condition, your financials, your plans and the appraisal in terms of how much they will loan.