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Old 04-13-2010, 12:26 PM
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Graplr Graplr is offline
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Join Date: Apr 2007
Location: Huntington Beach, CA
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Quote:
Originally Posted by PaulC View Post
A general comment - I would shy away from buying a personal residence that is located adjacent to a commercial/industrial/institutional zone, as the current use of the commercial property may be converted into something more objectionable during the term of your homeownership. I recall one example in my area where a decent housing development was built adjacent to a large undeveloped area that was zoned commercial. When the residences were constructed, the commercial area was a nice quiet patch of woods. A few years later, the commercial property was converted into a driving range, complete with high-mounted flood lights to allow evening hours. Those homeowners who previously were able to enjoy a nice quiet summer evening on the front porch are now lit up like prisoners trying to sneak out of their barracks at Stalag 17. Yes, they can sell and move away, but the new commercial development has dinged the resale value of their property.
There is no more land to be developed in the immediate surrounding area. The prison was built there in the 80s.
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