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Updated over 7 years ago,
What to do with a vacant commercial space downstairs in a 5 plex?
I'm looking at a 5 unit building in Kentucky. 4 apartments upstairs, and a commercial space downstairs which is vacant.
What do you do with a vacant commercial space?
Place an ad on craigslist? Put a simple 'for lease' sign on it?
I've never worked with a commercial tenant, let's say a coffee shop wants to go in there, am I supposed to provide anything for the tenant other than an empty space with working utilities? Do they come in with a 5 year lease and provide all their own equipment, furniture etc. just like an apt?
Just looking for some general insight here. Seems like a great idea to have a mixed use building to help pay the mortgage...
thanks
x CHRIS x