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Updated almost 18 years ago, 02/25/2007
Guidance Needed
Hello everyone,
I need guidance in regards to investing in commercial real-estate. I found this new town that is being constructed (thirty minutes away from me) in central Florida. I pass through this town once a month and I have watched it grow over the last two years. So far they have created many homes centralized on golf course, a school and one restaurant.
The nearest convenient store, grocery store, or recreational fun other than golf is twenty minutes north. The road that run’s passed “Harmony Fl” is 192, if you’re traveling south from Orlando, you would want to take this road as a shortcut to 95. The city is in the process of creating four lanes because of the traffic increase.
Here is what I was considering and I’m not sure how to assess the situation to determine if it would be viable or for that matter getting “started”. Would it be a smart move to purchase a few acres across from this town that is being built and build a Storage facility, Coffee shop?
I would like to put some form of business, so I can keep my current job and still maintain the property and business.
Thanks,
Jay
Also, here is the town http://www.harmonyfl.com/