Need Advice on 3 Condo Complex

[Pavel K.]

Hoping I can get some advice from you guys on a dilemma I have.

I am working on making an offer on a property which has 3 condos. The 1st floor condo is currently utilized as a commercial office space and the layout is set-up without a full bath, proper kitchen, etc, but just right for a smaller office.

The other 2 units are regular condos for families.

I'm trying to figure out what option I am better off with:

Option 1: Leaving the first floor unit condo as a commercial space, renovating it and trying to find an office to occupy it.

or

Option 2: Invest in doing a full kitchen and a full bath to make it a proper Tenant rental.

Option 1 seems like it will be more economical but there is a risk it will take longer to find an office to rent the space vs a tenant, and the loss I take on finding that commercial renter may offset what it would cost to re-do the whole unit by investing in a full bath, kitchen, etc.

I'm also wondering whether I'm better off having all 3 units be tenant-rental condos if it makes it easier to sell down the road or should I just consider keeping 1st unit as a commercial space and take the chance?

If anyone has any experience in this area, would love your thoughts