Advice needed for leasing a commercial building

[Bottomsouth]

Out of curiosity, how long are you looking to lease?

 

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[Guest3722A]

Out of curiosity, how long are you looking to lease?

The length of time in one place depends on the comfort level I have with the landlord and/or property, first and foremost. The next factor has to do with the location. Although, I do my best to determine if the location will work, there are still going to be many unknowns that won't be learned of until time passes. But, all things equal, several years.

 

[Bottomsouth]

I ask because I wonder if some of the owners may not want you altering the space then moving out a year or two later.

On another note, make sure to get the place looked at thoroughly. Air conditioning and electrical requirements for your expansion, etc. Take a look for any water damage if it rains hard over there. The building looks like some of the foundation is to grade and the other is elevated with a crawl space. Also, the roof in the back looks like a quick repair. Whats great is you have an ACE Hardware across the street.

 

[Guest3722A]

Whats great is you have an ACE Hardware across the street

Agree!

I ask because I wonder if some of the owners may not want you altering the space then moving out a year or two later.

Fortunately with this one everything as it is will work without any alterations. And, I've always been respectful with people's properties. The last one I altered I increased the value significantly by putting in restrooms and a sewer line, and a parking lot. Plus I upgraded the electric. All to code of course inspected and city approved.

The problem I have with the above property is the distance to the core of the jobs. But from what I've seen this may be it and the area is very nice and family oriented. So in taking the good with the bad and preparing I bought an additional vehicle a couple weeks ago that gets 30+ mpg.

I'm thinking I'll be giving the owner a call sometime soon on this one and hopefully we can agree on a lease.

 

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