Commercial to Residential

[Rich_in_CT]

LOL...you need to get out more, Rich.  Dry counties are a way of life in a lot of the South and some of the West!

It wasn't that long ago that a lot of the east coast still had "Blue Laws" and you couldn't sell alcohol on Sunday.

Keith

In CT you still can't sell on Sunday and you can only buy M-Sa 8am-9pm, a change a few years ago from 8-8pm.  At least I can get liquor anywhere, just can't on Sunday.

[Salverston]

The other posters are leading you right.  The key is not the purchase terms (although that is important).  The most important part is what will you do with it.  In vacant commercial land - or in this case - commercial land with an ugly shack on it - the key is filling the need.

What will make this profitable is someone will look at the surrounding neighborhoods, paying special attention to the mix of residential and commercial properties.  They will say to themselves "what is lacking?"  Maybe it is a beer and wine store - although in Texas you will also have to be alert to further restrictions of selling alcohol near schools and churches, etc.  But maybe there is a need for a lunchtime deli, or a sit-down restaurant - or an office suitable for light medical (something a dentist, chiropractor or optomitirist would use) or ***FILL IN WITH YOUR IMAGINATION****

Once that person figures out the need in the community - they can build a structure that will fit that need - and market to potential tenants to lease the building successfully.

So, again, in commercial properties, what your end strategy is means much more than what you buy it for.

So check the area out, and if inspiration hits, follow it.  If not, move on to another prospective deal.

Good luck.