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Updated over 6 years ago,
Comercial, office space too big
Hello, I currently own 2 rentals in Tyler TX, I have had bad experiences with residential rentals and am trying to move to commercial RE (no multifamily), I have a good opportunity but since it is my first acquisition I am trying to avoid making a mistake. The property is new, located in a very good zone and in pretty good shape, the only problem I see is that the offices are huge; there are two bathrooms (70 and 80 SQFT), 245, 385, 355 and 185 SQFT offices, 150 SQFT waiting area and about 130 SQFT of halls. 1750 SQFT total. The offices are really big, I just cannot think of a business that would use so much space for offices. I am afraid that I will buy it and stay vacant because is so big (It will rent at about $30,000 per year and renter is responsible of NNN,or at least is what the realtor estimated). The realtor said that the intention was be used as Medical. Anyone in this forum has experience with this? It looks to me that is a good deal (330K in one of the best zones in town).
Any help will be appreciated.