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Updated 6 months ago on . Most recent reply

Account Closed
  • Miami, FL
24
Votes |
24
Posts

Having Trouble Filling a Strip Mall Vacancy

Account Closed
  • Miami, FL
Posted

Currently I have a Strip Center with a vacancy that has been incredibly hard to fill.  The unit is ±1,300 SF of retail space. Located on the elbow of the shopping center.  We have had little to no interest.  We have marketed the property through 2 local brokers and in house. Vacancy has been on all major platforms and also I have done a large amount of our reach in the area still no interested. The location of the Strip mall is great  the demos are not so great 50-60k range. Any one with any ideas or insight please reach out. 

Property address: 150-190 Hanes Mill Ct
Winston-Salem, NC 27105

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    Don Konipol
    #4 All Forums Contributor
    • Lender
    • The Woodlands, TX
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    Don Konipol
    #4 All Forums Contributor
    • Lender
    • The Woodlands, TX
    Replied
    Quote from @Account Closed:

    Currently I have a Strip Center with a vacancy that has been incredibly hard to fill.  The unit is ±1,300 SF of retail space. Located on the elbow of the shopping center.  We have had little to no interest.  We have marketed the property through 2 local brokers and in house. Vacancy has been on all major platforms and also I have done a large amount of our reach in the area still no interested. The location of the Strip mall is great  the demos are not so great 50-60k range. Any one with any ideas or insight please reach out. 

    Property address: 150-190 Hanes Mill Ct
    Winston-Salem, NC 27105

      1. Buy a franchise type business, place it in the space, and sell a turnkey operation with built in lease.
      2. Outfit the space as turnkey for an appropriate business (smoothie shop, dry cleaning substation, etc.) and sell the “business” with a small down payment, receiving a monthly payment for the business payoff + rent/
      3. Outfit for 6 small offices with conference room, reception area, and business center. Rent office space by the month, week or day, or hour. 

      • Don Konipol
      business profile image
      Private Mortgage Financing Partners, LLC

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