ISO Advice: Single Family converted to Commercial on busy hwy
I am under contract on a property that is currently zoned commercial. It has a 1200 sqft 3 bed 1 bath home on the front side of the property facing the busy highway and the back side of the property is open land where the possibilities are endless. The front of the property sits on a busy highway with 20K+ cars a day going by the property. There are roads on both sides of the property for multiple entry points if needed. The owner of the property ran a antique shop there for the last 15 yrs and is looking to retire.
I will not close on this property for another month. I am seeking advice on the next best step to get the right tenant in the property and at the right price. The area is growing quickly and I feel like it is a great location for a long term investment.
I am also thinking of putting up advertising next to the busy highway and would love to hear your thoughts and any advice you may have on something like that!
thanks a lot!