Urban planning community

+ Reply to thread
Results 1 to 4 of 4

Thread: What does commercial zoning do to surrounding residential property value?

  1. #1
    Member
    Registered
    Jun 2006
    Location
    Paris, Arkansas
    Posts
    1

    What does commercial zoning do to surrounding residential property value?

    My husband and I have been informed that a company has petitioned our small rural, town council for re-zoning of land across the street from our home. They are asking that it be re-zoned commercial rather than residential in order to put "office space" on that corner. I have office space in quotes because there were no more specifics than that phrase, which in itself, makes me a bit nervous. We already have a small hospital/clinic across the street. Can anyone provide me with information or websites to peruse on what this re-zoning would do to my residential property value as well as that of my neighbors? Thank you

  2. #2
    Cyburbian
    Registered
    Feb 2004
    Location
    ????
    Posts
    1,184
    Quote Originally posted by Wicket1995
    My husband and I have been informed that a company has petitioned our small rural, town council for re-zoning of land across the street from our home. They are asking that it be re-zoned commercial rather than residential in order to put "office space" on that corner. I have office space in quotes because there were no more specifics than that phrase, which in itself, makes me a bit nervous. We already have a small hospital/clinic across the street. Can anyone provide me with information or websites to peruse on what this re-zoning would do to my residential property value as well as that of my neighbors? Thank you
    It depends. If it is a good development, it will enhance your property value. If it is bad, it will probably decrease it. Office type uses are generally decent neighbors to residential uses, mainly because they are typically day time uses.

  3. #3
    Cyburbian SGB's avatar
    Registered
    Nov 2002
    Location
    Champlain-Adirondack Biosphere Reserve
    Posts
    3,387
    Quote Originally posted by Wicket1995
    My husband and I have been informed that a company has petitioned our small rural, town council for re-zoning of land across the street from our home. They are asking that it be re-zoned commercial rather than residential in order to put "office space" on that corner. I have office space in quotes because there were no more specifics than that phrase, which in itself, makes me a bit nervous. We already have a small hospital/clinic across the street. Can anyone provide me with information or websites to peruse on what this re-zoning would do to my residential property value as well as that of my neighbors? Thank you
    Get the facts, first.

    Go to your town hall and look at their rezoning application. Specifically, you want to know what zoning district they are applying to have placed on the property, and what the uses are that are allowed by right or allowed by conditional use approval.
    All these years the people said he’s actin’ like a kid.
    He did not know he could not fly, so he did.
    - - Guy Clark, "The Cape"

  4. #4
    Cyburbian
    Registered
    Aug 2001
    Location
    Midwest
    Posts
    441
    I second SGB, it is important to not only see what they are requesting, but maybe more importantly see what it could possibly open up as a use by right in the future. Now and office tomorrow a night club, who knows. But if it is a good development and an appropriate use it should increase the value of your property. However, that increase could be a result of it being of increased value to a commercial use. Sometimes if a developer knows what he/she wants they might be willing to impose some restrictions on themselves to ease the concerns of the neighbors... ie - additional landscaping, deed restrictions, etc... Now keep in mind the P&Z or Council will typically not impose these restriction unless it is a PUD type zoning. So become educated and try to pull the neighborhood together to work with the developer. Hopefully, in the end you will have something that will benefit you as well as the developer and the City! Good Luck!!!

+ Reply to thread

More at Cyburbia

  1. Replies: 2
    Last post: 29 Jul 2009, 12:13 PM
  2. Replies: 21
    Last post: 24 Oct 2008, 2:54 PM
  3. Replies: 3
    Last post: 21 Mar 2008, 5:13 PM
  4. Replies: 0
    Last post: 21 Jun 2000, 8:45 PM
  5. Replies: 0
    Last post: 19 Mar 2000, 1:30 PM