Uptown Shelby Commercial Building

[David Vaughn]

Investment Info:

Retail commercial investment investment.

We purchased this building in uptown Shelby in 2019. At that point it was only occupied by Jackson Hewitt. Now the building is over 85% occupied and a flourishing corner at a busy intersection in uptown Shelby.

What made you interested in investing in this type of deal?

Honestly it was the challenge to be honest. The building was in terrible condition and deteriorating daily. I wondered if we could rehab it and change it's appeal into a desirable space.

How did you find this deal and how did you negotiate it?

The deal came through and by a friend.

How did you finance this deal?

Personal funds.

How did you add value to the deal?

Skills as both a designer and general contractor along with quite a bit of luck.

What was the outcome?

I"d like to think a very nice building.

Lessons learned? Challenges?

As with any other large renovation there were numerous challenges and lessons.