Storefront for Sale : Gator Byte

A customer was in the other day mentioning to me that the old Louis Shapiro building would be a perfect place for me to buy. It’s right next to the new downtown liquor store, just across a small parking lot, and the upstairs could be converted into an apartment to live in. While I agree with him that it would be a decent idea, at the same time I’m held back by the fact that we already own a house and with business being slow in general downtown, do I really want to get into a new long term investment.

The price isn’t bad, a good bit under $200,000 I believe, so it’s not like we’re talking Las Vegas Real Estate here by any means, but still, a commercial mortgage requires a 30% down payment the last time I checked. Even on $150k, that’s quite a chunk of change that I just don’t have quick and easy access to.