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Updated over 8 years ago on . Most recent reply

User Stats

12
Posts
2
Votes
Paul Munly
  • Chico, CA
2
Votes |
12
Posts

Single Unit Property in Strip Mall?

Paul Munly
  • Chico, CA
Posted

Hi everyone!  I'm new to real estate investing and have been searching through LoopNet and other sites to see what sorts of things are out there, and stumbled across a commercial property for sale for $30k.  The property is a single unit in a strip mall.  I'm not interested in this property at this point -- I'm trying to wrap my head around why someone would sell a single strip mall unit rather than the strip mall as a whole. My instincts tell me to stay away from anything like this, despite what appears to be a low price point.  How common is the sale of a single unit in a multi-unit strip mall?  Am I correct to be wary of something like this?  What experiences do you have with a property like this?

Thanks!

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