Here’s an interesting article talking about revitalizing vacant commercial and retail properties. Unfortunately thought, some do go unused.
Some time ago I wrote about the Big Box Blues, that is to say, what do we do when all of these very large chains go out of business? What do we do with all that extra space? It’s find if a local merchant can absorb some of these open properties, but I sure would like to see someone do something really creative with an old CompUSA, or Linens-n-Things. How about a niche library?
Rents really are becoming cheap in a lot of these areas, so you could feasibly start an ultra low cost gym or job training facility. Something that allows the property owner to monetize the property quickly; perhaps even on a month to month contract.
