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Updated about 1 year ago,
ADVICE - Looking for Tenant on Commercial Property
Hello all,
Recently I have acquired an old Office building on Main Street in a small city (yes city, as they have their own police and judicial system). The population of the town is ~37k. The University in town has ~4,000 undergrad students and the Major University (UConn) which is a 15 minute drive has ~19,000 undergrad students. The traffic count on main st is ~13,000 cars per day.
The building is a one story office building with a previous tenant being a insurance agency. So the interior is built out as 8 cubicles (not the easy take down wall type but actual office build out for each cubicle), 15' ceilings, 7200 sqft 1st floor 5900 sqft finished basement 2100 sqft 2nd floor in rear of building, 60' road frontage, no designated parking lot.
Obviously the most cost effective route to fill this space is to find a tenant that needs Office space but we all know the state of office space in the current market. Now that doesn't mean no one needs office space anymore but it is limited.
So, I have thought of a couple ways to fill this space with a tenant but I am looking to open a line of communication with fellow Like Minded individuals.
I plan to reach out to/research:
Esports Franchises
A couple restaurant owners (convert space to bar and live event space)
Laundromat conversion
Government Agencies
Medical Practices
Thank you for your time and feedback