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65
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26
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Michael Anspach
Pro Member
  • Real Estate Investor
  • Smithtown, NY
26
Votes |
65
Posts

Small Retail/Office Development

Michael Anspach
Pro Member
  • Real Estate Investor
  • Smithtown, NY
Posted Jun 18 2018, 14:04

Looking for some feedback on a small retail/office development project.  Looking at very nicely located property with existing 5,000 sq ft of rental space split among 3 tenants.  Property has space to develop and build an additional 5-7,000 sq ft additional space.  Property is located in North Carolina and our plan is to utilize it as follows:

     +/-   750sf of Office Space for our own use.

     +/-1,750sf of Salon Space.

    +/-2,500-4,500sf would be split amongst 1-2 additional tenants.  Currently have interest.

Questions are:

     -Property topography does not permit a gravity sewer connection.  Arch/Eng'r are suggesting a Grinder pump similiar to (Zoeller Sewage Package System Model 912, https://www.zoellerpumps.com/en-na/products/packag... .  Looking for Good, Bad, Ugly thoughts and costs associated with this?

    -Anyone have any detailed spreadsheets with all line item costs indicated for this type of project?  Trying to make sure I don't miss anything in my cost budgeting.

Thanks in advance!

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