Any watch outs for first mixed use deal?

[Jay Patel]

Hello all!

Working on closing a mix use deal in NJ. 2 commercial space on first floor and 4 apartments above it. Comps are looking good. I know the potential of this location for residential rentals, as I have other units in the area. This is my first mix use deal (and commercial) though. Since the meters are separate for each units, I'd pursue NNN for commercial space.

My question - any key watch outs from commercial real-estate pros out there? Anything on permits or special taxes or occupancy requirements I should be aware of?

Also, both commercial spaces are equipped with restrooms. I’m planning to have plumbing and gas line in place, but not sure if I should customize any further for any specific type of use (wasn’t planning on, but I’m open to ideas).

Thanks!