Commercial Space Retail
1 Reply
Shany Gross
posted about 1 year ago
There is a Brand New Retail Space in my community which I would like to buy and then rent out to a credit worthy Tenant. The problem is I would only like to buy it if I know I will have a tenant for it. So, how can I market the property to prospective tenants if I don't own it. Is there a way to do this? Does it make sense to approach tenants and tell them I am looking into buying the property if they would be interested in renting it? Is there away to do this?
Charles Carillo
Rental Property Investor from North Palm Beach, FL
replied about 1 year ago
Is there only one rental unit? Retail space is a tricky investment and usually requires a seasoned investor with plenty of reserves. You can check local brokers and see what their current vacancy is on similar properties.