We are acquiring a triplex in Washington State which has an extra 20'x12' space. It has historically been used as a storage room for the owner, but we would like to repurpose this room in a way that increases NOI.
Unfortunately, local zoning rules do not allow for this to become a studio/fourth dwelling unit. It also cannot be leased out as a self storage space.
Do you have any other ideas for a value-adding use of this space?
@Jonathan H. How about putting in coin/card operated washer and dryer machines? I believe you can go through a 3rd party company that services them as well. Maybe throw in a small laundry soap vending machine...or even a food/soda vending machine.
see if you can airbnb it