An actual property transaction involving a construction or land use that deviates from present zoning rules however was legally established previous to the rules’ enactment represents a novel alternative. For instance, a small grocery retailer working in a neighborhood now zoned completely for residential use exemplifies this idea. Such properties are sometimes grandfathered in, permitting their continued operation regardless of the zoning change.
Buying such properties can supply distinct benefits, together with potential price financial savings and the acquisition of a novel asset. The historic context steadily provides character and a way of place, contributing to the property’s worth. These benefits, nevertheless, should be rigorously weighed towards potential limitations and challenges which may come up from the non-conforming standing.
