So who all of you reading this have actually purchased your loc? If you don't mind me asking, how much? Or well, what is an average price?
My reason for asking is this. My building I was looking at is an old Riggs lumber building. We finally made contact yesterday and here's the thing.
1. They had never thought of renting before, so they're thinking of some numbers and going to get back to me.
2. $600k!!! down from $750 because the very back of it has a leak and it's estimated at $150k from paper to tile to be completed.
3. It's 55,000 square foot with huge sheds out back that housed the lumber that could be made into buildings very easily.
4. It's lot is the full width, like 120 foot or something but stretches 2 BLOCKS! It's HUGE all around, land and building.
I was wondering does this sound like a good deal? Or waaay too much?
It's all commercial property zoned and everything. No sprinkler system but the building was grandfathered in, so HOPEFULLY I don't NEED sprinklers the first year. Everyone in town knows wehre the building is, but not so much for the surrounding towns, but again, it shouldn't be hard to find. It's only 1 turn off a major road.
Around here, I can get a pole building built for about $25k that'll be big enough. I can't help but to think that I can afford to purchase a lot and build on it after a year or so. What do you guys think? Try to rent and go from there? I know purchasing for our first year is a stretch and not considered smart, but I've done 2 business that way before (partnered in) and it worked fine. But we never bought a building for over $120k . I KNOW this can work for us. Every major haunt that has a good setup has LINES OUT THE WAZOO. The only ones around here that dont' have lines like crazy are the small boyscout fund raiser haunts. Although cool and very fun, they just didn't market out or anything. Haunts "work" around here. But you have to drive 1.5 hours just to get to a REALLY NICE one, and I think it's worth putting one in near home here.
I just needed some advice / opinions. I mean, it may be to the point that you HAVE to have a huge place like that to make a large, nice haunt, but I don't know. I'd be purchasing for the future. Not for the now. That way I don't have to rent for years and THEN get a big place and move and all that jazz, I think it'd be smarter to think big and prepare for growth from the beginning.
Idears? I'd appreciate any info.
Thanks,
Dewayne
My reason for asking is this. My building I was looking at is an old Riggs lumber building. We finally made contact yesterday and here's the thing.
1. They had never thought of renting before, so they're thinking of some numbers and going to get back to me.
2. $600k!!! down from $750 because the very back of it has a leak and it's estimated at $150k from paper to tile to be completed.
3. It's 55,000 square foot with huge sheds out back that housed the lumber that could be made into buildings very easily.
4. It's lot is the full width, like 120 foot or something but stretches 2 BLOCKS! It's HUGE all around, land and building.
I was wondering does this sound like a good deal? Or waaay too much?
It's all commercial property zoned and everything. No sprinkler system but the building was grandfathered in, so HOPEFULLY I don't NEED sprinklers the first year. Everyone in town knows wehre the building is, but not so much for the surrounding towns, but again, it shouldn't be hard to find. It's only 1 turn off a major road.
Around here, I can get a pole building built for about $25k that'll be big enough. I can't help but to think that I can afford to purchase a lot and build on it after a year or so. What do you guys think? Try to rent and go from there? I know purchasing for our first year is a stretch and not considered smart, but I've done 2 business that way before (partnered in) and it worked fine. But we never bought a building for over $120k . I KNOW this can work for us. Every major haunt that has a good setup has LINES OUT THE WAZOO. The only ones around here that dont' have lines like crazy are the small boyscout fund raiser haunts. Although cool and very fun, they just didn't market out or anything. Haunts "work" around here. But you have to drive 1.5 hours just to get to a REALLY NICE one, and I think it's worth putting one in near home here.
I just needed some advice / opinions. I mean, it may be to the point that you HAVE to have a huge place like that to make a large, nice haunt, but I don't know. I'd be purchasing for the future. Not for the now. That way I don't have to rent for years and THEN get a big place and move and all that jazz, I think it'd be smarter to think big and prepare for growth from the beginning.
Idears? I'd appreciate any info.
Thanks,
Dewayne
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