Located right beside the Marathon gas station is this 1 acre lot with wonderful potential! Ready for new development, great commercial location and utilities available. Easy access to major highway. Property is zoned C-3. *RE taxes to be assessed.
Zoning DescriptionC-3 General Business District
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Want to thank you all for your help. Heath & Angie went above and beyond for me!
Why does the mortgagee sometimes require a Survey of the property?
Most mortgage lenders require a current and valid Real Property Report (survey) and proof of zoning by-law compliance from the local municipality, i.e. city, town, Municipal district, etc. The mortgagee (lender) does this to insure initially that the buildings are entirely within the property boundaries and there is no risk that the security for the mortgage will be damaged by the forced removal of the improvements. Most Lenders will now accept a Real Property Report and evidence of municipal compliance or a policy of Title Insurance.