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HomeForumsCommercial Real Estate Investing3 stall machanic garage with lifts for sale: need help
Brandon P.'s profile image
Brandon P.'s profile image
Brandon P.
Pro Member
  • Investor
  • from Paradise, California
  • Member since Dec 3, 2015
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100
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Brandon P.'s profile image
Brandon P.'s profile image
Brandon P.
Pro Member
  • Investor
  • from Paradise, California
  • Member since Dec 3, 2015
Connect
Brandon P.
Pro Member
  • Investor
  • Paradise, CA
15
Votes |
100
Posts
Commercial Real Estate Investing

3 stall machanic garage with lifts for sale: need help

Brandon P.
Pro Member
  • Investor
  • Paradise, CA
Posted Jan 19 2020, 22:47

Hi

I am unfamiliar with commercial property and there is a mechanics garage for sale. I’m interested in it.

It is located in a small town of 3k people or so.

What factors should I be looking at?

I tried to comp it but there is only retail space showing for lease. Retail space is showing for $5 per foot. This garage is 3k feet. Asking price is 420k

It’s vacant so I’m wondering if I can even get a loan on it and is it a wise investment?

I appreciate and advice!

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