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Updated over 9 years ago,
Ideas for best use of 3000 sf space
I recently acquired a 2 story cinderblock building. Total sq. footage is about 3000 with 1500 on each floor. It's located in a troubled but gentrifying area of North Charleston, SC. Very close to low income homes. Accross the street from a strip mall. Trying to figure out what to do with it.
My goal is to create passive income.
I was thinking self-storage or even document/record storage, but it seems that the space is too small for that.
Another idea is laundromat on the bottom floor and something like a barbershop on the top floor. But I think that would involve a lot of equipment purchases, not sure if a laundromat is a good business.
Also thinking about turning it into a restaurant, however that's far from a passive income business...
Looking for ideas...