Residential Loan on a property zoned for industrial

[Bill S.]

I have a potential deal and am wanting to cover my bases. I have a property that could be used as a private residence and is zoned industrial. As near as I can tell, residential use is allowed within the zoning code (I am verifying this with the City). I just want to make sure a qualified buyer can get conventional financing when I sell. This would be an ideal live/work situation and is the sweat spot (price and location wise) of our market. 

Any red flags, concerns, or problems?

Thanks.

[Bill S.]

@Michael De Rosa thanks for the reply. In this case, I would be converting the existing use (office/warehouse) to residential so no history. I found out today that the use (residential) is allowed under the zoning which I was pretty sure it was. Tomorrow I have to make a trip there and see if I can get the used changed from it's current use to residential. 

@Dan Mackin great info to know. That was certainly something I wouldn't have thought of. There is residential diagonally cross the intersection so perhaps that would help. I doubt there are 3 comps for this property type with this zoning so that will be a hurdle. I'll start looking for that.

At any rate, if I can get the use changed I will do the deal. It's easily a 70% of ARV as a flip or about 1.5% if I have to keep it and rent it out. Now I have to get it done.