I have a 2800sqft building attached to my house. It was commercial until the 1980s, but now its zoned residential. I am going to try to fight that, but in the meantime, lets assume it won’t be zoned commercial. I’m quiting my job january 1 to fly solo and utilizing this space is an important part of the plan.
Ive thought about an Airbnb. I already have utilities and waste lines in there. I estimate I could build something for 75k and probably get 3k in gross.
Things like 3d printing, bitcoin mining, use it as a warehouse to buy and sell things from alibaba, all cross my mind but I have no experience with anything like that. So, I’m hoping for some guidance from some smart folks. If you had 2800sqft and 100k to invest, what business would you start?
I’d pack every square inch of it full of random shit my family has acquired over the last several decades that we cannot seem to throw away.
That’s actually MY plan! I just bought an 1,800 square foot tear-down house to do this!
I’m kinda, sorta not kidding. I bought a house built in 1952 on a block where all the other original old homes have been torn-down and replaced with $3MM to $4MM new homes. I’m speculating on the value of the lot increasing, but for the next few years I’m going to use it as my office, workshop and storage space. Taxes and utilities should be less that I’m paying in rent now.