Purchase price is about half a million and the lot has no setbacks, the building footprint can cover the entire lot up to the side walk.

If you can walk away, do that.

Plus I walk my dog a lot so I really get to learn the blocks well.

Then compare the numbers to decide which fits your goal more.

Definitely try to create systems that fit and elevate your personal management style to help take some of the burden off, this way you can focus more on expanding your business and acquiring more properties you can manage.I'll send you an invite to connect, let me know if I can be of any help!

This would target business types that would be a good fit for the center.

It sounds like the rents are too low maybe or if they can't be increased I would walk away.$500 per month can get eaten up pretty quickly  by capEx and miscellaneous maintenance.  

And filling vacant lots in the best of circumstances is not a cake walk.

I believe I will walk away with $150k-$200k for the sale of that.

There has been a limited supply of new construction multifamily, but those properties have been a better fit for 1031 exchange investors or owner occupant investors living locally.