All Forum Posts by: Manish A.

Thanks for your responses!

I spoke to a couple of commercial real estate brokers who have been leasing property in the area for 30+ years.  What is the difference is between them and a commercial land broker?

If retail strip – the plan was to build, rent and hold long term.  If medical center – plan is to either build and rent or sell, not sure which.

It is not on a corner, but in the center of a lot of existing stores / restaurants etc.  See maps below!

I am not familiar with future land use map, I’m assuming I can get this from the count?

What is an MAI designation?

I know this a difficult project for a beginner but the opportunity is there and seems too good to pass up.  I was hoping to figure out the best use of the land and then hire a full service firm (including architecture, engineering, permits,e tc) to get me a full set of plans.  I know this will be expensive but without any experience I feel like I must go that route.

Hello!

I'm new to this forum!  I'm an ER physician with no real estate experience, but I have always wanted to get in.  Now might be the time...

My father owns 2 adjacent lots (combined 1.3 acres) in MD since the 1970s.  There's one leased residental home on each lot, however the zoning on both were recently changed to CSC.  He asked me if I wanted to do something with the space, the project's mine!  

I've met with a couple architects.  Rough estimates have us at 16K sq ft buildable space for single story, and 20K for 2 stories.

Looking at the surrounding area, to my inexperienced eye, the project seems like a no brainer.  This is a main road with HIGH traffic.  There are tons of stores (starbucks, 711, Mcdonalds, rite aid, Lowes) etc with a 1/2 mile radius.

My main question is - how do I figure out the best use of the space?  I've talked to random real estate agents who know the area and have taken their opinions. I think it will come down to retail rental (small strip vs. one big store) vs medial building.

Is common sense, googlemaps, and knowledge gained from speaking to the agents enough to decide on the best use?  Or do you suggest a formal market study / demographics / traffic count?  If so can one point me in the right direction?  Anything else I should be doing at this point?

I would also be interested in a consultant for hire that can answer questions / provide insight thru this process.

Thanks!

Manish