Just outside of town, hell of a deal. So far people here have suggested a car lot, a wholesale scratch and dent appliance warehouse, flooring store. Would love input and ideas!
Depending what state it is in. You could do easy cash flow business like storage, car storage, etc. Or shooting range if you want something more involved. Could be good with local law enforcement to setup as a service. Is it a concrete tilt up or corrugated steel sheets?
Rent it out to a company in logistics, transportation, or warehousing. Do not sell it if you can handle managing a business inside of it. If you can’t: sell it for more amigo.
There’s a space near me that I dream of buying. My town has a Civic Center, but it’s mostly for the ice rink. I would partition this (but have a communal lobby) to rent out maker space, host an art gallery, maybe a rock wall gym, regular gym, community greenhouse and offer classes, real hippie shit.
Easy option, rent it out
Medium difficult option - co working, self storage, office storage
We can’t help you because neither do we know area needs not your skills and experience and you full time job
A commercial building in downtown manhatten is very different from one in rural texas And a owner in a very busy high paying job is different from one who has years of experience working at a car detailing store
Triple net lease it out to someone that already has a good business.
One word. Two syllables. Pickleball!
If it’s a one story building with at least a 30 foot ceiling, an indoor pickleball facility is worth consideration.
Invest in the best lighting and the best sound system and make it a party/rave venue. Easy $2-10k/night
Rent it out to someone who already has a business (with an established revenue stream).
That way, you’re responsible for a building. A static, unemotional structure. Not people with thoughts and feelings.
Music studio with recording, hourly and monthly studio spaces.
Longer term trucker parking
Should fit about 10 at $100 a month 🤷♂️
I wouldn’t do anything with it until I’ve had it inspected and assured it will pass code.
Entertainment venue.
I made a website for an entertainment venue where their patrons could by tickets to seating charts online… $16K of design and custom development work to complete this site. They made their money back after the first show. They do this multiple times a WEEK.
Why take a single rent payment each month when you can take MULTIPLE?
Man I’ve been struggling to find an appropriate building for my business. What city?
I’m curious as to why it sold that low. Sure commercial real estate is bad right now, but not “pennies on the dollar” bad. Is there something wrong with the property or title?
Microgreens