Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Commercial Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago,

User Stats

45
Posts
8
Votes
Greg Rusianoff
  • Investor
  • Charleston, SC
8
Votes |
45
Posts

Ideas for best use of 3000 sf space

Greg Rusianoff
  • Investor
  • Charleston, SC
Posted

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...

Loading replies...