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Updated about 1 year ago,
Does any have experience with Mixed Use Commercial Bldg with Cell Tower
Hi, In the evaluation phase of purchasing a 3 story Mixed Use Commercial building (year built 1915). This old building has a Cell Tower platform on the roof which was installed under permits. The current owner sold the cell tower and currently there is an easement on the building. Current owner is selling the building as is; needs full gut and rehab. Building to end up with 7 apartments and 1 commercial unit. Cell phone provider will pay for two thirds of the property taxes.
Question/Concern is in regards to prospective tenant perspectives/thoughts of the cell tower.
Pros/Cons of having a cell tower on property.
Issues encountered with proper that has cell phone tower?
Appreciate the feedback!