I live in a rural area. I found an old abandoned school and I am pretty sure I can get it for dirt cheap. It is constructed with cement blocks and has a concrete floor, would need a new A-Frame roof to begin with. Can anyone think of a profitable business that I could use it for? Thoughts would be greatly appreciated.
Asbestos - check for that any other hazardous material.
there are quite a few youtube channels centered on rebuilding abandoned buildings. after they finish, they usually sell the building.
Virtual office space
That’s a good idea, thanks
Be careful. I worked in a school district many years ago (20+). They built a new building and was going to sell off the old k-4 building. Problem was upon inspection they found a ton of asbestos. Cleanup was going to be more than the building was worth. I’m pretty sure it’s still empty.
I think I heard that from my friends, but if I could figure out a business idea, I may be able to get grant money for the cleanup, thanks for your input
In the past, someone had to determine that the highest and best use of the property was a school building.
To determine the next highest and best use of the property, it must be tested.
Is the proposed use legally permitted?
Is the proposed use physically possible?
Is the proposed use financially feasible?
Is the proposed use maximally productive?
The highest and best use of the property must meet all four tests.
This process is preferable to throwing stuff up against a wall to see what sticks.
Thank you for this much needed info.
Definitely check for things like asbestos. Also of equal importance is check for any zoning issues.
gift shop
winery
small ‘country’ store with vintage candies and products
I really like this idea. Thank you