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Updated over 7 years ago,

User Stats

176
Posts
182
Votes
Chris Collins
Pro Member
  • Multifamily Investor
  • Newport Beach, CA
182
Votes |
176
Posts

What to do with a vacant commercial space downstairs in a 5 plex?

Chris Collins
Pro Member
  • Multifamily Investor
  • Newport Beach, CA
Posted

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

  • Chris Collins
  • Loading replies...