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Commercial Real Estate Investing

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Jeffrey Muth Jr
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Commercial property use

Jeffrey Muth Jr
Posted May 28 2023, 06:42

Hello,

I'm a bit stuck with my Commercial property I purchased and needing advise on what to do or steps to take.

This is a C1 type property and it is .30 acres in the city of huntington wv. I purchased the property for $9k with closing. The intention for buying it was to put a food truck park. Ice water vending, parking lot, self storage, etc... on there. I don't regret buying the property for the price as the value of it (per assessors site) is 3x what I paid for.

The problem I'm having is that there is a currently installed entrance & exit the state will not allow me to use the exit due to it being too close to the entrance and want the exit moved to be 100' away. I can't just put gravel down as the city wants it to be paved this is where I'm stuck.

If anyone wants a view of the property you can look at it via Google maps, the address is 711 adams ave huntington wv 25701.

Thanks for the help & tips

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