Could I turn this into a business model?

[Justin Dar]

I bought a piece of property that only had a metal building on it for 30k. I rented out the building to a gentleman who wanted to use it as storage for his classic cars that currently brings $500 a month in rent. After that I bought a small 1/2 acre parcel and built a 24x36 metal building on it. This one is used for a woodshop and brings $700 in rent. The costs are relatively low, I can buy the parcels pretty cheap, spend around 5k on a concrete pad, 2k in electrical, and 2k in plumbing. The metal buildings range from 15k-40k depending on size. Does anyone else have a similar business model? Should I keep going? I would like to continue this until I have around 5 or 6. Pros and cons? Thanks in advance!

[Cole Bigbee]

@Justin Dar Metal buildings are a great investment and very versatile. I built several 30' x 50' x 12' shops and put 1 bath room in each of them with 2 garage doors and have had no issue keeping them rented. The y are great for a "hobby" shop, woodshop, storage, or service type provider (plumber, electrician, etc.)  There is more pros then cons on this type of space. It sounds like your going about it the right way. If you can find the land at a decent costs, then the actual building cost are pretty easy to nail down. Keep doing what your doing as long as the numbers still make sense. MY guess is there is more larger buildings (above 5K sqft) then there is smaller stuff in your area so you should have no issue leasing them up.