Site Selection Checklist
Site Selection Checklist (from course textbook)
Location
1 Description of location, address
2 Map, aerial photography
3 Site availability
4 Regional Access
1 Existing
2 Proposed
5 Public transportation
6 Neighboring land use
1 Adjacent
2 Beyond (within defined boundaries)
7 Quality/stability of neighborhood
8 Competition
1 Location (map)
2 Type, size
3 Quality of tenant mix
4 Occupancy and turnover
9 Estimated trade area (map definition)
10 Trade area population and distribution (densities)
1 Primary Trade Area (70-80% of regular customers)
2 Secondary Trade Area (15-20% of customer base)
3 Tertiary Trade Area (broadest area from which customers can be attracted)
4 Physical barriers limiting the trade area (e.g. rivers, freeways)
11 Community attitudes toward commercial development
12 Proposed developments; residential, commercial
Site Data
1 Plat (dimensions, size)
2 Legal description of site(s) available
3 Topographical features
1 Visual
2 Survey
4 Subsoil Conditions
5 Problems (water, rock, fill, other)
6 Zoning, building controls
7 Infrastructure elements
8 Ingress, egress
9 Visual exposure, frontage
10 Availability of adjacent land for expansion
11 Current on-site improvements, if any
12 Daily traffic counts past the site
Financial
1 Asking price and terms
2 Condition of sales transfer
3 Options available
4 Property taxes
5 Assessment fees on sewer, gas, water, stormwater drains, other
6 Title cost
7 Recording taxes
Administrative
1 Zoning
1 Current zoning and permitted use
2 Zoning authority
3 Planning commission
4 Local government
2 Building department
1 Clearances and setbacks
2 Fire zone and fire department requirements
3 Inspection requirements
3 Highway department construction requirements
4 Engineering
5 Other, such as any local civic associations
Legal
1 Legal description, title examination
2 Easements and restrictions
3 Filing of records
Utilities and Infrastructure
1 Location and map of:
1 Water mains
2 Sewer mains
3 Gas mains
4 Electricity supply lines
5 Stormwater drains
2 Special requirements
1 Public areas
2 Special grading: streets, slowdown ramps
3 Curbs and gutters
4 Sidewalks
5 Landscaping and screens
Miscellaneous
1 Any demolition required
2 Possible use of improvements
SOURCE: “Professional Real Estate Development,” p. 313.
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