Commercial Real Estate Investing
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated 7 months ago, 05/31/2024
Guidance on unique commercial/residential property
Hello! I am looking for advice and ideas on a home I have that is a zoned business.
It is two lots separated by a shared private road. The lots can not be sold separately. One lot has the home I am living in. The other lot is empty with terraced gardens and has mountain views. The property sits between two good quality hotels off of a busy highway. There is significant noise pollution on the entire property but also has fantastic mountain views and mature trees in east Asheville and by a major commercial zone. I had hoped this land could be both my personal home and an investment but after being there some time the sound pollution is too much for me. I don't know if I should rent out the house and hold it for several years, BRRR the house and sell it in a year or so, try and build a business on the additional lot, or try and find a commercial property investor to sell it all. Any ideas welcome and what type of real estate consultant could I look for to help me analyse my options?
Thanks in advance!