Commercial, Residential & Office Property: Thoughts and Questions
Hi fellow BiggerPockets member,
I'm moving forward with a CRO (commercial, residential and office) property in Central Florida.
The deal size is nothing that will make us rich, nor poor, but my associate and myself have no experience investing in such properties.
I'm in need of your help!
Hoping to answer these questions:
1. The property is considered historic, so I assume there are many remodeling/construction restrictions - any thoughts and opinions about historic properties?
2. The property has a long standing tenant in the bottom, and has an apartment on top which has traditionally been used as an office - thoughts on how to treat it? Turn it full commercial? Full residential? both?
3. The property is very unique: has a chapel, 25 car parking lot, a huge attic currently used for storage - do these post limitations into what to do?
If you're interested, we're more than happy to pay for your time to get a full analysis from an experienced professional, ideally in the area.
Thank you!