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Updated over 12 years ago,

User Stats

26
Posts
1
Votes
Gustavo Vargas
  • Multi-family Investor
  • Tyler, TX
1
Votes |
26
Posts

Need help Deciding Lease type and Redesign

Gustavo Vargas
  • Multi-family Investor
  • Tyler, TX
Posted

Hello All, I am new to the commercial market. I recently acquired a 10400 sq ft building that used to be a factory. It is zoned industrial but i will be re zoning to c2 commercial retail. My plan is to subdivide the place into smaller retail spaces for half of the building and maybe use the the other half as a party space rental ( in big demand in this part of town and with demographic). my question is this? how big should the spaces be 1000sq ft and higher? 750sq ft ? and what type of lease should i ask for. less than than 1/2 mile from me, slightly higher traffic count, i have a friend getting $1000 for about 750 sq ft. without out a problem Not triple N. i like to hear what the more experience investors think.
thanks
G

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