I spend my efforts investing in notes for simple fact I can get passive income and don't have to deal with tenants, toilets or trash.If your strategy is to create passive income, you may have some options in the notes space.

home depot for 99% of the items, except louvered closet doors (always broken at HD), and "modern" sinks (lowes only).HD is cheaper, closer, i know where everything is located.Menards, .5% of the time.Lowes .5% of the time

I'm not looking at that space but would be interested if anyone is doing that and has had any success.

However at the end of the 65 years, the land and the building reverts back to the owner of the land, unless the owner extends the term of the lease.The situation isn't so different from a business leasing out a commercial space.  

I also own a business called www.GruntsMoveJunk.com and I needed a building with lots of shop and storage space for the equipment so 999 Barry Rd was a primary residence with business storage... 2 years for this building and hopefully sell it for a commercial building.Speaking the to Grind!

On the other side, there is enough concern about rates going up that there aren't people willing to lend into this space at less than 5% on long term money, especially since debt gets deflated with inflation.

Happy to hear from you especially if you are also in the commercial MF space.

My Realtor tells me it would go for the median price for office space in this area, at this time, of $170/foot.  

Has anyone leased out parking spaces to self dispensing water & ice machine vendors.

I am attracted to it for a number of reasons: lower unemployment and vacancy rates than Memphis, and there's quite a few brick buildings that are more modern than that in my budget in Memphis, and definitely cheaper than Nashville by a mile.