Commercial Building prospect

[Tami R.]

I am looking at buying a factory building that's basically 150,000 sq foot.  with offices detached which do need some work but have a sprinkler systems etc... and then a couple lots and some smaller buildings.  Approximately 3 city blocks.  Taxes are 28k a year which I can get that down.

I can get the building for $850k to $900k - we own a large construction company and we were going to build a building for about $400k so we would occupy probably 15,000-20,000 sq foot of the building and then for sure redo the office building into apartments.  Don't know what kind of apartments - general or maybe short term stay.  The city is really lacking short term apartment for the hospital etc... 

My question is the rest of the warehouse... I could rent it out to other factories but was also wondering about other creative ideas... NO Storage units.  We already have tons of climate control storage units and I already own storage units.  Ideas