5000 sqft Commercial Building $500 Would You Buy It?

5000 sqft Commercial Building $500 Would You Buy It?

Beaumont, TX · Member since 2016 · 20 posts · 23 votes
I have an opportunity to buy a commercial building on .227 acres of land for $500. The building needs a roof but it is salvageable. The seller is the executor of her mothers will and was ready to sell it to my for land value $3000. I offered to sign a contract and assign, but she immediately dropped her price to $500 Please advise. You cab see pictures here: https://www.dropbox.com/sh/vrtzljy840ca29g/AABsX8wL6G0Ro8S8l0imNcZNa?dl=0 Thanks, Greg
0Reply
15 views

2 Replies

Jump to latestLatest
  • Davis, CA · Member since 2016 · 595 posts · 344 votes
    9y

    if the annual costs, taxes, utilities, etc... are less than you can make renting it out after renovations... than buy!

  • Beaumont, TX · Member since 2016 · 20 posts · 23 votes
    9y

    @Carson Wilcox Thanks Carson!

Join the conversationCreate a free account to reply, vote on answers and follow this thread.