Greetings - I have a client whom is interested in potentially selling a large hotel (multiple buildings) located in the Downtown CBD Core of Eastern Washington (state).

The Greer CBD seems to continue to ramp up over time...

Aside from having to drive around Beechview (which is one of the few neighborhoods in Pittsburgh actually built on a grid...which leads to arguably the steepest grade on a public road in the world), there is extremely easy access to the light rail, both Banksville and "Wesliberty", and Broadway Ave has the 'bones' to become a really interesting CBD.  

This land is CBD and my neighbour has a approx 5000 sqft building on the same size parcel. 

Taking a city like NYC or other dense CBD areas (SF?)

I challenge what major American City can you purchase a SFH, or a MFH for under $200K within 2 Miles of Downtown/CBD.

I am based in Auckland and work in the CBD and I am at the research stage and strongly leaning towards buy and hold at this stage, however I am all ears when it comes to others experience and their point of views on other methods and what advantages and disadvantages accompany different methods with REI.

A little background on me: I rent in SF in a rent-controlled apt, I own two small MF in the East Bay, and I asset manage and operate numerous multi-tenant commercial properties in the CBD of SF.

Olde Towne East, close to the CBD.

Typically, you see full-service (gross) leases being used for CBD office buildings, but most of the retail centers in my market are on a NNN lease.