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Updated over 2 years ago, 08/16/2022
subdividing a commercial property from a single family home
Looking for help, I am starting due diligence on a property that is classified commercial. there is a retail building on the frontage of the property, and a single family house that has access from a side street. What does it take to get the property divided? The taxes are really high. If the split is done I see a tremendous value add. Not to mention the realtor is telling me currently you can only get commercial lending against the property. Looking forward to experienced incite.