Make sure its safe throughout the property (walking space, handrails etc) and have insurance in place.

In this space you want to be more concerned with rental history, ignore that they don't pay a lot of their bills, you are only concerned that they pay your bill (the rent).  

CPAs also sell service based products so they are inherently knowledgeable about service based businesses.Now, I'd still look around for a CPA firm that's in the architectural space as they will have a large network you can probably tap into, but it sounds like you are already doing a great job of that yourself.

Markets of focus include Space Coast, FL., and am looking at Fort Myers, FL., Raleigh, NC, and Houston, TX.

The anchor store (a 30,000-sq ft. space) was in disarray.

I'm thinking the old Creedence Clearwater song "Oh Lord, stuck in Lodi again" is appropriate theme music for this thread :)

The growth since we moved here has been tremendous; there are a lot of opportunities here and throughout the space coast.

I personally like the smaller space.

There are 3400 sq ft commercial spaces in downtown for under 250k.

We don't show occupied rental properties to potential tenants for a multitude of reasons.The tenant will make it difficult to get inside.The potential tenants will have a hard time looking past the belongings of the current tenant and envisioning themselves living in that space.