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Updated over 6 years ago,
Commercial Buildings - How to decide on renovations
Hey Investors,
So far I have only worked in residential real estate but I have always had interest in commercial development. I get a decent amount of vacant commercial building deals but pass because I never know what to do with them. I would love to buy one to keep and completely renovate it and lease out to a business or possibly run the business myself. But my question is, how to decide how to renovate the building to attract certain businesses for leasing option. I would hate to renovate a building to be used as a restaurant then a convenient store company reaches out to me to discuss leasing options. Any help or suggestions will be greatly appreciated.
Cheers!