From Wells Fargo to Dunkin': What Happens to All These Empty Bank Buildings?

Another former bank may soon have a completely different purpose.

 

A developer wants to convert the vacant Wells Fargo at Church Road and South Church Street in Mount Laurel into a roughly 3,000 square foot Dunkin' with drive through service.

 

The proposal requires a use variance because the property sits in a residential zone, even though a bank operated there for years. The zoning application is scheduled to be heard in November.

 

Why should homeowners care?

 

Because this is happening all over South Jersey.

 

Online banking has dramatically changed the need for physical bank branches. That leaves behind buildings that often have excellent road access, parking and existing drive through lanes.

 

Developers see opportunity.

 

Nearby homeowners may see things differently.

 

A quiet bank that closes at 5 p.m. creates very different traffic, lighting and activity from a drive through restaurant operating early mornings and evenings.

 

That's why zoning hearings matter.

 

They aren't boring government meetings.

 

They're often where decisions are made about what could eventually sit across the street from your house.

 

This is also a good reminder for buyers.

 

Before purchasing a home near vacant commercial property, find out how that land is zoned and what uses may be permitted.

 

The building may be empty today.

 

That doesn't tell you what it will become tomorrow.

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