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 solely 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 provide distinct benefits, together with potential price financial savings and the acquisition of a novel asset. The historic context often provides character and a way of place, contributing to the property’s worth. These benefits, nevertheless, have to be rigorously weighed in opposition to potential limitations and challenges which may come up from the non-conforming standing.
