Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Commercial Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 10 years ago,

User Stats

400
Posts
305
Votes
Ash Patel
  • Full time investor
  • Cincinnati, OH
305
Votes |
400
Posts

15,000 sq ft. only 12 parking spaces

Ash Patel
  • Full time investor
  • Cincinnati, OH
Posted

Hi Everyone! First post, long time reader. I am looking to buy a former ACE Hardware building that is a 15,000 sq ft shell for $450k. The kicker, there are only 12 parking spots for customers. There is some "employee parking" in the back. There is no way of expanding the lot. Great traffic count and beautiful brick building that is only 5 years old.

Any ideas for what type of tenants I can get in there? I need a high margin low volume business. What makes the deal even sweeter is that there is a 3000 sq ft out building on the property that currently houses an electrician business. They pay $2000/month. Taxes are roughly $1600/month for the entire property. I am just absolutely struggling to determine if I am going to sit on this forever or if I will be able to find a commercial tenant. I need $3000/month from the 15,0000 sq ft. to break even. Anything above that is profit.

Thank you all!!!!!

Loading replies...