The law controls billboards within 660 feet of the right-of-way of a highway. Buying a billboard takes some know-how. Ballpark figure is OK. We live along a major highway where a lot of traffic will see it. As others have indicated, you are more apt to get away with this if the property is zoned either commercial or light industrial. Put a notice on your billboard that its' advertising space is for sale. Building a billboard on your property. ( Log Out /  Get a fair lease rate estimate for the outdoor billboard on your property. The short answer is no, you can’t. If you have space on your property that you can dedicate to an advertising structure, feel free to contact us for more details. The result could be that a billboard company can obtain control of a span of property, despite being owned by several different landowners, and have up to one year to decide to construct a billboard before the permit expires. “Beauty belongs to all the people. With an original authorization of $25 billion for the construction of 41,000 miles of the Interstate Highway System over a 10-year period, it was the largest public works project in American history through that time, and promoted using fear of a nuclear attack. If the billboard company fails to sell the space for a month or two, you should still get paid in full. On my drive to work, I see a host of billboards trying to convince me to switch doctors, refinance my mortgage, and listen to public radio. Common practice is for billboard companies to send landowners a form giving the billboard company to apply for a permit without disclosing to the landowner that they can own the permit directly. Check out DOmedia, host to the largest database of OOH vendors in the US, and start planning your next OOH campaign today! Buying one of those large billboards scattered along the country’s highways and streets gives you a way to make money selling the space to companies that want to advertise their products or services. It is not easy to meet all the legal requirements when planning to build a billboard near a major highway. The previous owner commited suicide so the property went into foreclosure. It all started in 1965 with President Johnson. Change ), You are commenting using your Twitter account. You can be assured that you are dealing with a secure and reputable company. Outdoor advertising companies that have billboards on private property pay the owner monthly rent based on billboard lease rates for the use of their land.The property owner can be a private individual, municipality, county, religious institution, government or quasi … Billboards near a highway are highly regulated by each state’s department of transportation. Ask the landowner for permission to put a billboard on his property… Joining the world of OOH, and constructing ad space can be a lucrative decision that can provide you with steady business for years to come. When TurboTax asks what type of rental this is, choose raw land. A curiosity about billboards. I bought a commercial property in Bristol township Pa back in April 09. Whether you want to use your billboard for advertising purpose to promote and market your business or you want to lease it to tenants, you can generate profit either way. If the billboard will not be within 660 ft. of the highway it will not be regulated by the Highway Beautification Act of 1965. If your property happens to be a quality location for a new billboard then you are in luck. Your custom Lease Analysis will be researched, analyzed and prepared within 20 days of receipt of payment. ); however, because of different qualifying factors and market impressions, some may only receive as much as a … Billboards built within this 660 ft. distance must be at least 1500 ft. from the next nearest highway billboard and 500 ft. from the nearest street billboard. And so long as I am President, what has been divinely given to nature will not be taken recklessly away by man.”  The Highway Beautification Act was actually the pet project of the first lady, Lady Bird Johnson. Billboard owners recognize that billboard … Although placing a billboard on personal property isn’t easy, it certainly is possible under the right circumstances. Include your contact information on the notice. “Can I build a billboard on my personal property?” is a question that we hear a lot. How much do billboards cost? When renting a billboard space on your property to a billboard company, you have several different options ranging from a lump sum annual cash payments, to monthly payments, or combinations of both. I reside in a low coverage area. Fill in your details below or click an icon to log in: You are commenting using your WordPress.com account. The odds of that location landing on, Not everyone can build a billboard on their own personal property, but everyone should have access to OOH. Like most commercial real estate, those that have the most knowledge about a … ( Log Out /  We have been in business for over 30 years and have over 350 billboards around the state. Contact local organizations to let them know that your billboard space is for rent. The bill created a 41,000-mile “National System of Interstate and Defense Highways” that would, according to Eisenhower, eliminate unsafe roads, inefficient routes, traffic jams and all of the other things that got in the way of “speedy, safe transcontinental travel.” At the same time, highway advocates argued, “in case of atomic attack on our key cities, the road net would permit quick evacuation of target areas.” For all of these reasons, the 1956 law declared that the construction of an elaborate expressway system was “essential to the national interest.”. With further growth of 1.2% forecast for 2019, it’s clear that OOH and billboard advertising is becoming increasingly popular amongst SMEs and local businesses. In 2009 there were about 600 billboard firms that would lease out or sell billboards that accounted for over 450,000 ads. It is their own sign (not from a company like Burkhart although it's about that big!) Then, just sit back, relax, and watch the profits stream into your bank account. Copyright © 2018 Louisiana Commercial Realty. For some property owners with prime real estate, rental payments from billboard developers can reach as high as a hundred thousand dollars a year (or more! Renting out billboard space is a good way to generate extra revenue from your commercial property. Check out. It also required certain junkyards along primary highways to be removed or screened and encouraged scenic enhancement and roadside development. the land is leased by a company and we get a 1099-misc. OBUniversity.com has just the thing you need to become educated on the whole billboard ground rent … For a home remodeling or local business, try to get a location near a target neighborhood to get to your target market. Email:Robert@louisianacommercialrealty.com. and they do maintenance and upkeep. 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