Mixed zone property investment ideas

[Harsh Poshti]

I have a contract on mixed zone property on 355 Fredrick road, Clarksburg. I am debating about the converting the existing old gutted building to either multifamily building (6 units each around 500 sqft small studio) or mix of 4 residential and 2 retail/restaurant conversion (the back side of the property has Big enough lot for outdoor dining or any other use cases.

Any recommendations for use case of pure multifamily or mixed of multi family and retail? Would appreciate pros and cons of each based on your experience.

The location has decent visibility on 355 and surrounded by residential, Clarksburg outlet mall, good schools, business etc.

[Jonathan Greene]

If it's currently zoned for mixed-use, you want to check with the town on what can be done there before deciding what to do. Have you confirmed all of the possible use cases and what you would need to do for multifamily vs. mixed-use?

Mixed-use continuation is best served if you have foot traffic there or if there may be local business who could use a storefront and there aren't a ton of other similar mixed-use options near by.

If I was choosing, I like mixed-use better because it gives you a diversified investment inside of one investment.