Is Commercial Zoning More Likely To Have Environmental Problems ?
Hi All,
As I am browsing the Assessor's web site in Oklahoma county, I noticed that some apartment buildings are zoned Residential while others are zoned Commercial.
Are the ones zoned commercial more likely (when compared to Residential) to have environmental problems ? Are they more likely to have been in the past the site of a gas station, a chromium plating company or some other serious contamination ? Or are those kinds of activities reserved to properties zoned Industrial ? Is a property zoned commercial more likely (when compared to Residential) to have been zoned Industrial in the past.
I know everything is possible, but my questions are about likelihoods and probabilities. I am trying to decide whether to include Commercially zoned properties in the liens I will consider buying at the upcoming tax lien sale.
[addsig]
Yes probably so. But usually commercial zoning means stores, not factories so the odds of environmental problems are only slightly higher. Apartment buildings zoned commercial frequently have stores on the first floor.