I'm looking to build an indoor race track. Would it be less expensive to buy a building and renovate it or buy land and build it from the ground up? We are looking primarily in Colorado Springs.
While I cannot speak to commercial construction specifically, at least in the residential world it is far cheaper to do significant renovations to a badly damaged property than it is to build new in Colorado Springs.
this is not answering the particular question about the race track.
In florida we build from the dirt up, because its normally cheaper than a flip and the buyer would much rather new construction than a flip property.