I am in OKC and have a small business in the fleet semi-trailer repair / maintenance space. I am looking to purchase some raw land and build a facility, if I can do it efficiently.
I am currently on a month-to-month with my landloard on a facility that is sitting on land that has about .75 acres of usable land. It seems about 12 or so years ago my landloard purchased some vacant probably condemned residential properties, tore down the buildings, rezoned and built a warehouse facility. I am interested in doing the same.
There are 2 properties next door to my current facility, one of which is available for sale by the owner (although no price is listed) and the other smaller property has very little information available, I can only learn about it from the assessors page. My business' competitive advantage is significantly dependent on the location for my largest customers, so there are only a limited number of land options.
Tasks as I see them:
1. Make an offer for the property available for sale; I don't know what the typical offers look like
2. Find out who the owners are for the land listed as owned by "Second Thirty Years, Inc." and reach out to them, likely an offer
3. Look for other pieces of land that may work for my needs.
I have done a bit of research and the building costs for a metal building with no insulation is reasonable and within my budget. I was recommended a very junior local industrial / commercial broker by a friend who really was very little help. As a matter of fact, he is orders of magnitude off on valuation and building costs. Since the $ amounts are low, I think I am best served by working on this one myself.
Questions:
1. Does anyone know how to lookup the people and contact information behind the legal entities (in this case "Second Thirty Years, Inc.")
2. What does a typical offer for a land property looks like?
3. What diligence should I do, including what liens etc. should I look for on these properties?
I am currently on a month-to-month with my landloard on a facility that is sitting on land that has about .75 acres of usable land. It seems about 12 or so years ago my landloard purchased some vacant probably condemned residential properties, tore down the buildings, rezoned and built a warehouse facility. I am interested in doing the same.
There are 2 properties next door to my current facility, one of which is available for sale by the owner (although no price is listed) and the other smaller property has very little information available, I can only learn about it from the assessors page. My business' competitive advantage is significantly dependent on the location for my largest customers, so there are only a limited number of land options.
Tasks as I see them:
1. Make an offer for the property available for sale; I don't know what the typical offers look like
2. Find out who the owners are for the land listed as owned by "Second Thirty Years, Inc." and reach out to them, likely an offer
3. Look for other pieces of land that may work for my needs.
I have done a bit of research and the building costs for a metal building with no insulation is reasonable and within my budget. I was recommended a very junior local industrial / commercial broker by a friend who really was very little help. As a matter of fact, he is orders of magnitude off on valuation and building costs. Since the $ amounts are low, I think I am best served by working on this one myself.
Questions:
1. Does anyone know how to lookup the people and contact information behind the legal entities (in this case "Second Thirty Years, Inc.")
2. What does a typical offer for a land property looks like?
3. What diligence should I do, including what liens etc. should I look for on these properties?