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Wwyd- commercial space
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amother
OP  


 

Post Mon, Aug 19 2024, 1:37 pm
I (DH and I) have the possible possibility to buy a small shopping center with a bunch of empty stores. (There is nothing open in the shopping center anymore)

What would you do with the same? In a big Jewish town, a little bit out of the middle but
A pretty good location
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amother
Steelblue  


 

Post Mon, Aug 19 2024, 1:44 pm
Why are the stores empty? How much investment is needed to renovate etc?
How quickly can you fill up the stores?
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mommy2b1




 
 
    
 

Post Mon, Aug 19 2024, 1:47 pm
Buy it.
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amother
Blueberry


 

Post Mon, Aug 19 2024, 1:48 pm
A charity second hand store

Where people drop off their donations.

Those that are developmentally disabled get job training working at store
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amother
  OP  


 

Post Mon, Aug 19 2024, 3:05 pm
Let’s assume the space is in good condition and I have the money.

What type of stores would you want to see. There are very large size stores (like bed bath type). What would be a creative way to fill it? Not just another clothing store or restaurant. Not sure where I’m going with this but I feel like it can be used for something interesting
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amother
  OP  


 

Post Mon, Aug 19 2024, 7:30 pm
Bump
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amother
Honeydew


 

Post Mon, Aug 19 2024, 7:41 pm
A drop in play type place for SAHM with occasional programming
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singleagain




 
 
    
 

Post Mon, Aug 19 2024, 7:41 pm
What about a rec center or like a learning space? Maybe a play area for different age kids?
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theoneandonly




 
 
    
 

Post Mon, Aug 19 2024, 7:59 pm
Are you looking to buy and then rent it out to other stores? Or buy and then fill the space yourself? Because those are two very different propositions.
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amother
Coral


 

Post Mon, Aug 19 2024, 8:11 pm
Amazon returns store.
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amother
  Steelblue


 

Post Mon, Aug 19 2024, 8:14 pm
Are you buying the place and then opening a business? Or is the plan to rent it and make passive income?

If the latter I would want to know why the stores are empty now
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amother
  OP  


 

Post Tue, Aug 20 2024, 7:49 am
amother Steelblue wrote:
Are you buying the place and then opening a business? Or is the plan to rent it and make passive income?

If the latter I would want to know why the stores are empty now


Either. Lots of options/opportunities available and want to think out of the box
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amother
Tomato


 

Post Tue, Aug 20 2024, 7:54 am
act fast. if you don’t buy it, someone else will…
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amother
Crystal


 

Post Tue, Aug 20 2024, 8:06 am
My question is why all these stores are sitting empty. If it’s not a popular location then you will need to open something exciting enough to pull people to make a special trip.
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amother
DarkCyan


 

Post Tue, Aug 20 2024, 8:07 am
Which area? I was looking into opening a niche business and need around 10k square feet of space. I would love to contact you if you buy it
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amother
Babypink


 

Post Tue, Aug 20 2024, 8:43 am
amother Tomato wrote:
act fast. if you don’t buy it, someone else will…

How is this good advice? Imagine rushing into this, shelling the money out and then staying stuck with this strip.
You don't rush into these things unless you know it'll pan out.
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amother
Navy  


 

Post Tue, Aug 20 2024, 8:46 am
Was just in a Catch Air near Monsey, there is none near Lakewood, check if there are any in your area, that would be a perfect type of place to fill a big space. It’s an adorable indoor play space and was packed with people. They are a franchise company, so you can open one. Or you can do another such a style place on your own etc.
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amother
  Navy


 

Post Tue, Aug 20 2024, 8:50 am
Maybe one of the bigger stores can be another branch of The Address if it’s far enough away etc. I’m not sure if they’d be for or against it, or again you can copy and do something similar.

One can be a kosher gym? With a pool?

And then yes you definitely need a food store or 2 and maybe a toy store.

Are most of the stores big like bed bath & beyond, target style? Do you want to fill with only Jewish stores? Can you possibly cut up the big stores into smaller ones?
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amother
Slategray


 

Post Tue, Aug 20 2024, 9:06 am
You need a grocery or similar that will automatically have traffic as an anchor. Then other tenants will want to rent if they know plaza will be busy
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tweety1




 
 
    
 

Post Tue, Aug 20 2024, 9:22 am
If you're in a position to buy it, get off imamother and consult with a business/financial advisor. They are the professionals
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