This beautiful church at the end of my street could be yours for $450,000. It comes with a 3,500+ sf annex. SO many possibilities, So unique.
If a Columbus area property has been grandfathered due to zoning issues, it may not be a big deal and it may seem good in some cases for the Buyer BUT Fannie/Freddie could certainly have a problem with this sort of situation.
Let’s say, for instance, that you’ve found the perfect property for your needs — maybe 787 East Broad Street, a gorgeous Church dating from 1903 that also happens to have a 3300 sf+ building that goes with it.
This is great, you can run your business out of the building and rehab the church into one of the most beautiful and unique homes in Central Ohio and still be easy walking distance to Broad and High. Wow, what a deal at $450,000. (No, Really, How can you pass this up!?)
Is it impossible to buy a property like this if the current zoning is different from the intended use zoning? No, but in case the property burns down or is partially destroyed, your lender may need proof from the city that they will allow it to be rebuilt as the current non-conforming use or the new non-conforming use. That is the difficult part.
