Old grocery store to self-storage units!

[Kris Rudge]

I just listened to Bigger Pockets Podcast show 388 with AJ Osborne. In the last few minutes of the podcast he tells a story about a guy that came to him with a contract for a closed grocery store that he wants to convert into a self-storage units. Once I heard that I thought that is a great idea. A few streets away from where I live in Greensburg, Pa is a grocery store that has been closed for 2 years. The grocery store is 43,000 SF on 5 acres of property. The building has a new roof but that is about it. The heating and cooling will need replaced. The asking price is $1.9 Million. I’m reaching out to the Bigger Pockets community in search for a team of individuals. My idea would be to find someone for the money, someone with self-storage experience, and my role would be the boots on the ground, getting the permits needed for all the work, and getting the contractors needed. Any advice is greatly appreciated. I am very new to this whole thing and everything I’ve ever heard on BP are “small deals take just as much work as large deals”! Thank you for any and all help BP family, and stay safe in these crazy times we are living in.

[Kris Rudge]

Thank so much for the great feedback. A few of these points I didn't even think of. I will do my research in the facility that is right down the road. There is only one big facility around it. It is a very large place that is run buy a husband and wife. 

The 5 acres around the facility is paved but would need some leveled out for additional storage. The outside could hold an additional 75-100 units and still have some space for RV parking. 

One other good thing about the old grocery store is it has truck ramps easy for off loading.

Thank you so much and I will look into a few of the other questions and get back to you. I really appreciate your post!