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Updated over 8 years ago,
Single Unit Property in Strip Mall?
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!