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Updated about 10 years ago on . Most recent reply

User Stats

8
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4
Votes
Jacob Estetter
  • Real Estate Investor
  • Eureka, CA
4
Votes |
8
Posts

Commercial real estate question

Jacob Estetter
  • Real Estate Investor
  • Eureka, CA
Posted

I found this 3200sq ft commercial property with 9 parking spaces for sale in Drain OR. I talked with the owner, she lives in Texas, and is willing to take 80k Cash to just get rid of it (they used to own an antique store there but its a big space, she says you could divide it and make offices or something. She says it was appraised at 142k, zillow says its worth 198k. I'm a new wholesaler who was looking mostly for residential property, but what should I do?

Do people buy commercial property as investments generally or no?  I posted this in the market place too in case somebody who'd be interested sees it.

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