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Old 07-19-2011, 07:18 PM
PaulC PaulC is offline
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Join Date: Oct 2006
Posts: 254
Quote:
Originally Posted by The Clk Man View Post
My shop sit about 3 blocks south of downtown, the building was an old gas station in the 40's. it has two large bays and the main part which I run my printing & sign business.
Car detail shop? Used car dealership? I'm assuming that the garage doors for the bays are visible from the highway. The only caveat about having an automotive-based tenant is that they have an unattractive habit of pouring petro products down floor drains, leaving you as the property owner to hold the environmental bag down the road. You're already Phase I environmental report material based on current and past use of the property. This will become important when you sell the property some day, as banks lending to commercial property buyers are wising up and paying closer attention to the environmental condition of such properties.
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