Rebuilding cost for delapitated commercial bldg? Cape cod MA

[Luca Mastrangelo]

Hi. I've been passively looking at mixed use commerical property in the upper cape area where I also live. I've been looking at mixed use that ideally has a possibility for food use and either office/apt rental opportunity too. 

There's a particular building that has the zoning for this use already established but would need a complete rebuild. Everything down to the studs, new septic,new electric , plumbing, heating etc. The whole 9 yards basically. I've roughed out some numbers but would need some actual quotes to further my business plan for this possibility. 

Can anyone point me in the right direction on getting some quotes for this type of effort?  Should I x-post this anywhere else?

Thanks in advance. 

Luca

[Joel Owens]

Check if building is square. Might be better to demo the whole thing to the ground and go up again. Sometimes it can be 2 to 3 times more expensive to try and correct deficiencies of something that is already there.

I know a retail developer that wanted to keep an old building. He kept rehabbing more and more and only one wall on a corner was useable. Instead of just scraping the whole thing in the beginning they rebuilt around that existing structure. When it came time to sell they had barely enough to break even on resale and insurance would not count it as a brand new building because it still had one wall corner left from the old building.

Back in the day older buildings some areas had really lose building codes and approval process so it might be a pot luck of some buildings constructed very well and others with lots of problems. There might be additional issues as well if in an historic district where they won't let you tear it down and want certain finishes.

Even without that certain cities and counties have certain (gingerbread) finishing requirements that can get very expensive per sq ft for the look and feel for the area. An older building might have been grandfathered in and now must be updated with new fire suppression and sprinkler systems, structure upgrades, greater parking requirement ratios that reduces building size, etc.