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Updated over 5 years ago on . Most recent reply

Account Closed
  • Investor
  • Blacksburg, VA
10
Votes |
53
Posts

Unique Commercial Property

Account Closed
  • Investor
  • Blacksburg, VA
Posted

Hi Folks,

I've recently purchased a commercial property located in an industrial park in the town I live in. It is a 1 acre lot with a 2000 SF building. My plan is to rent 1000 SF of the building and build a wall in the middle dividing my belongings from the person that rents the other side.

I wanted to reach out to see what some general thoughts were regarding, how can I keep someone from coming in and making a mess of the other side; i.e. working on greasy cars, spills, etc. Also, I see there being a lot less risk in renting the space to someone that would use it for storage vs a workshop or similar.


I appreciate your feedback and advice.

Thanks,

Andrew

Most Popular Reply

User Stats

352
Posts
242
Votes
Bob Langworthy
  • Accountant
  • Brunswick, ME
242
Votes |
352
Posts
Bob Langworthy
  • Accountant
  • Brunswick, ME
Replied

In addition to @Scott Mac's input, you could advertise it as storage (with a lease that spells out the don'ts) or look for ways to subdivide it in to smaller "storage only" spaces.

Hope this helps,

  • Bob Langworthy
  • Loading replies...