Ideas Contest! - Posted by Rich
Posted by Rich on December 27, 1998 at 10:50:17:
Hi. I’m going to give everyone a chance to get their creative juices flowing this holiday season. There will be no prizes or other awards, and as always, there will be NO WAGERING. Here goes.
3 story commercial building (plus finished basement). 35’ x 130’. Roughly, 3500 square feet of usable space on each floor. Stair access to each floor. Fronts on a downtown street with public parking on the street (metered). An alley runs to the right of the property to a rear alley. Property has no land or parking privileges allocated with it,(owner just sold a 35 car parking lot that was convenient to the property).
Building is located in a small college town…about 3/4 mile from the college (within walking distance, but a good jaunt, especially in winter). Other downtown businesses consist of a couple of restaurants, a hotel, a movie theatre, a book store, a card shop, 2 banks, 3 pizza shops, 2 bars, and that’s about it.
You are the real estate agent and the owners have moved out of the area. They want you to SELL. But with no parking to speak of, the types of businesses are extremely limited. What type of business would you encourage to look into this property, and why?