Self Storage Conversion

[Dan L.]

Hello all! I have a question about self-storage conversions.

I am purchasing a commercial property that is completely empty, and basically was not completely finished when it was abandoned about 10 years ago. There is no HVAC and no plumbing! However, sheetrock is completed, some hardwood flooring installed, and even chandeliers are installed. The original builder definitely had an odd schedule.

I am getting the building at a very good price, and it includes 11 acres of land plus another small building. So, a thought has been to convert it into Self Storage. It was being built to be a restaurant, though. My one main concern is the physical strength of the building, in the sense, can you convert to a self storage facility from a building that has a basement? How do I know if that structure is strong enough to handle the requirements of a self storage facility?

The obvious answer will be to contact an engineer, which I will. But I was hoping somebody here could tell me if I am completely crazy and it can't work, or if they have had experience building self storage units in a commercial building that has a basement.

So I am thinking it's not a good idea? But wanted to know if it is possible. My alternative is to install HVAC and plumbing and rent it out.

Thanks!