Buying a Live/Work Space How to Assess Commercial Part

[Kimberly S.]

Good Evening,

I have recently come across a live/work unit with separate entrances in a price range I am comfortable with.  It features a 1 bedroom apartment with a separate entrance and a work space on the lower level.  How do I go about assessing the "work" area of the space?  I was hoping to live in the apartment and rent out the lower half, but I don't know how to assess the commercial viability of such a location.  It's a good, reasonably wealthy area that is currently in a building frenzy with restaurants and recreational areas.  Has anyone done this before?  It's a bit different than what I originally envisioned, but if its economically viable, I wouldn't mind.  Thank you for your time.

Sincerely,

Kim