Ground Floor Retail Condominiums
Quick question, are these ground floor retail condos worth it? While having residents living on the floor above. The bottom will be commerical space. Is it worth having retail on bottom and residents above? Thanks 
[{"id": "ebnnlih", "text": "I'm not sure what you're asking. Are you considering building a mixed-use property?  Or buying an existing one?  Is it worth it, meaning do they generate income?  That depends on the market.  If they're truly condos, you can sell them to owner-users, or you can rent them out. \n\nIt all comes down to highest and best use.  In many urban markets, that is a great solution, to maximize the gross building area of  the property, where residential occupants might not want a ground floor unit, and almost always retail users want only the first floor.  However, in less dense areas, maybe the residential market doesn't want to be located on a busy retail corridor at all, and the residential units will sit on the market for too long.  Or maybe the location is bad for retail, not enough foot traffic, and they will sit vacant.\n\nIt certainly could be attractive, in many circumstances, but there are too many variables to say one way or the other.", "replies": [{"id": "ebo601z", "text": "Basically theres a 3 story condominium for sale. Bottom floor is retail units and top floors and residential. I'm considering buying these units on the bottom and then putting them on lease for business owners. I'm just not sure if this ground floor style business is attractive to business owners while having residents living above them. I understand what you're saying and its basically the answer to my question. This is almost a downtown part to a city with around 25k population in the 1 mile range. There are 68 new town homes to be build as this condominium will be built as well. My main concern would be finding decent tenants who are willing to pay premium in the downtown area. ", "replies": [], "depth": 2}], "depth": 1}, {"id": "ebohw8z", "text": "Two big concerns would be who would be your tenants and are you part of the residential HOA?  \n\n&amp;#x200B;", "replies": [{"id": "ebpz426", "text": "Yea there would be HOA but it's not crazy expensive. Also there could be a large variety of potential tenants. Smallest unit is around 800sqft and largest is 1200sqft. So tenants like dentist, cafe, restaurant, office, etc. But preferable something relevant to the residents living above and around in the town homes. ", "replies": [{"id": "ebr6gk9", "text": "Restaurants need exhausts and dentists need extra plumbing and cannot just go anywhere.   HOA is not about the expense but the control.  They could possibly control who you can lease to, their hours etc.  ", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}]