Commercial Real Estate Investing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 5 years ago,
3 stall machanic garage with lifts for sale: need help
Hi
I am unfamiliar with commercial property and there is a mechanics garage for sale. I’m interested in it.
It is located in a small town of 3k people or so.
What factors should I be looking at?
I tried to comp it but there is only retail space showing for lease. Retail space is showing for $5 per foot. This garage is 3k feet. Asking price is 420k
It’s vacant so I’m wondering if I can even get a loan on it and is it a wise investment?
I appreciate and advice!