4800 sq ft Warehouse. What to do with it?

[Ben Sears]

We are in escrow on a fourplex that comes with an additional 4800 sq ft two story warehouse. It shares a well/septic with the fourplex and we're actively looking for something to do with it. This property is located along a major thoroughfare yet in a rural area of Southside Virginia and located about 10 minutes to "town" with a population of 15k. I would love to convert to more apartments but I'm not sure that the well and septic will handle it. Storage units, rent to a business to build out on their own? I'm looking for creative ideas from the BP crowd. On a positive note, our rent will cash flow positive even with the building staying empty but we would love to have a some additional income. 

[Cole Bigbee]

@Ben Sears, is it a metal building by chance? If so, send me some pics and I can make some more accurate suggestions once I take a look. Just off the top of my head, some of your future tenants for the fourplex might need some shop or storage space. You might could try offering one unit as a package with additional storage....

I own several small warehouses I rent out to service providers (HVAC, plumbers, siding crew, electricians, or personal hobby shop). If it is a true metal building, it might can easily be broken up into several smaller units that you could get a higher $ psf overall.