Flag them for moderators to remove

I’m open to moderate renovations where there’s a clear path to increase NOI. 

Hi everyone,I’m considering buying a 2,500 sq ft commercial property with this deed restriction (in place until 2037):“Neither Grantee nor its successors, assigns or legal representatives, lessees, or sublessees, shall conduct or permit the conduct on the Property of, and the Property shall never be used for:(i) a grocery or convenience store selling at retail any food or food products, dairy products, beer, wine or other alcoholic beverages for consumption off the premises;(ii) the retail sale of any food or food products, beer, wine or other alcoholic beverages for consumption on or off the premises.”My plan is to use the space as an event venue (birthdays, weddings, baby showers, etc.), where renters bring/cater their own food and drinks.

We have ours set to moderate as well.

I'd steer clear of anything alcohol related as well.

Each property probably needs $200k-400k worth of work for deferred maintenance, repairs, and moderate upgrades.He would like me to take them over for him.

I am a working professional with a moderate real estate portfolio.

Some clarification by moderators would be greatly appreciated.E.g.

From an investment perspective, the returns are typically stronger than traditional single-family rentals, which helps offset the moderate zoning risk.As with any model that lives in a gray area, strong management and community awareness are key—keeping properties well-maintained, managing parking, and minimizing turnover-related disruptions goes a long way in avoiding unwanted attention or complaints.We work with a number of investors using this strategy successfully throughout the metro area.

What do you think @Moderators