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Updated about 2 years ago on . Most recent reply

Natalie B.'s profile image
Natalie B.'s profile image
Natalie B.
  • Investor
  • from Richmond, VA
  • Member since Mar 11, 2019
  • Posts 14
  • Votes 2
  • Experience 6 Yrs
  • Investments 11
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Natalie B.'s profile image
Natalie B.'s profile image
Natalie B.
  • Investor
  • from Richmond, VA
  • Member since Mar 11, 2019
  • Posts 14
  • Votes 2
  • Experience 6 Yrs
  • Investments 11
Connect
Natalie B.
  • Investor
  • Richmond, VA
2
Votes |
14
Posts
Commercial Real Estate Investing

What to do with Commercial Lot

Natalie B.
  • Investor
  • Richmond, VA
Posted

I’m acquiring a commercial lot as a part of a portfolio of residential lots and SFRs. It’s cleared and level (.32 acres) with nice main road/hwy frontage (on a corner) and in a D- area but walking distance to a military base. Surrounding businesses include two tailor shops, car mechanic/lot and a small BBQ joint. I’ve locked it up for $39k and tax assessment is $55k. Completely out of my wheelhouse so would love opinions/suggestions on an exit or hold strategy.

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    Scott Mac's profile image
    Scott Mac's profile image
    Scott Mac
    • from Austin, TX
    • Member since Feb 2, 2019
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    Scott Mac's profile image
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    Scott Mac
    • from Austin, TX
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    Scott Mac
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    Scott Mac
    • Austin, TX
    Replied

    A parole office (with bullet proof glass).

    A big three sided bill board.

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