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Updated over 11 years ago,

User Stats

30
Posts
1
Votes
Edward C.
  • East Haven, CT
1
Votes |
30
Posts

large, international, so on and so forth

Edward C.
  • East Haven, CT
Posted

Hi every one. I’m not sure if this is the right thread for this Question. If not please advise the thread I should move it to, if I need to. Thank you.

An old corporate building 6 stories and it’s historical. Several years ago the building and land were bout out buy a much bigger corporation, who built their own building next to the vacant one and turned the land in to parking.
This historic building for several years now is being used as a large billboard and nothing more. Certain groups in the area say it could actually be converted in to apartments. There are investors that tried to buy the building and some of the parking to do this but were not able to agree with the owners or board of directors ‘large, international, so on and so forth’.

They might be willing to do something with the building, but are not willing to give up any of their parking.

As far as I can tell the first floor could be made in to underground parking, leaving 5 floors left to live on.

I’m brain storming on this one, but instead of buying the building, just to ask for the ‘Right of use’ of the building? I could let them know that I am willing to take this off their hands for free of charge and convert it for them, if they gave me a low interest loan to do this with and WE split the proceeds after all expenses with them 50 - 50?

Is something like this even possible, or am I just dreaming? Rental property is not their expertise. Any suggestions for communicating with large international boards of directors that have no idea what to do with this thing?

Thank you in advance for any suggestions.

Ted Cole