What do you think about this?

This will likely be part of a 1031 exchange, with plans to purchase by spring or summer 2025, before the fall semester.Thank you!

They've mandated its demolition but have allowed me to build an even larger addition (500 sq ft).The city is requesting building plans for this new addition.

I’d love to hear from anyone who’s been in a similar position or has advice on how to approach this.

@Angel PengI have dealt with this in the past by first checking the lease, and if it is now month to month, I will give them notice that I am terminating the lease in, say, 60 days.

The labor and materials cost varies widely in different markets.

Every day, the Chemical Plants (Dow, Shintech, etc.) and residential neighborhoods that surround the site of this location provide a high traffic count.A great opportunity exists for a tenant that is willing to market their business to travelers of Hwy. 1, the residents in the surrounding neighborhoods, and neighboring communities.How did you find this deal and how did you negotiate it?

Hello All - so nice to join this group of seasoned investors.

I have used this as an entry point for a ton of investors here in the Scranton area and it's a great option to take since you have it!

YouTube has a lot of great videos for this.