Need advice on small commercial office building I want to buy

4 Replies

After 7 years of working from home its time to get an office outside the house. With a 2.5 year old and a 1 year old working from home is not as glamorous as it once was. Between rentals, flipping, wholesaling, and an internet business I need to make sure my days are efficient which they no longer are at home. 

Check out what I found below and let me know what you think . This is downtown Willoughby near where I live which has become a very trendy area over the last decade. Its a historic district with a lot of new restaurants, bars, attorney offices and everyone wants to be down here. Its a very desirable area and I could picture taking over the whole building in the near future when I have the need for a staff to go with my real estate business as I acquire more units.

In the mean time what would be the best use so that I can use a small section of the building and rent the rest? Specifically how many units would you try and divide the space into?

https://www.berkshirehathawayhs.com/commercial-for-sale/38021-Euclid-Avenue-Willoughby-OH-44094-269029000

That depends on your needs. I suggest avoid getting lawyers to lease rooms from you and stay with CPA, dentists etc.    In our area most prefer to buy an industrial or commercial condo with kitchen to meet your needs. They are used as offices but one can not live there.

All the best,

Sam Shueh

@Adam Craig you could turn the excess space into co-working and turn key short term office space. This would allow maximum flexibility for you as you grow and need more space yourself.

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Originally posted by @Sam Shueh:

That depends on your needs. I suggest avoid getting lawyers to lease rooms from you and stay with CPA, dentists etc.    In our area most prefer to buy an industrial or commercial condo with kitchen to meet your needs. They are used as offices but one can not live there.

All the best,

Sam Shueh

 I know youre generalizing, but a dentist and a lawyer have incredibly different build out requirements. Dentists need high pressure pumps, extra sewer lines to each chair, heavy mounting for xray or other machinery. Low impact tenants are lawyers, CPA, financial professionals, etc.

@Adam Craig I don't have any advice for the building, but wanted to suggest that you join us on the last Tuesday of every month at the brew co for the lake/Geauga rei investor meeting. You can lookup details on meetup. I pass this building just about every day as I live down the street by lowes in ridge acres. Lets connect sometime!