Here is something that most investors don't know....local jurisdictions have a required parking ratio for onsite parking that is tied to each business in a shopping center? For example 1 space for every 250 sf of retail, 1 space for every 100 sf of restaurant, etc. But what happens when you don't have enough spaces to allow for your that popular chicken restaurant that you want to fill your space? The owner loses income and if it persists they can lose value as well. This can be an easy six figure problem in some cases. How valuable would a solution be? How much value could you add if you had that solution?
This solution is one of the strategies we discuss in our upcoming seminar series on how entitlements can add value to commercial property. If you're interested in learning new strategies in a shifting market I suggest you take a look. Contact me if you're interested and I will send you the details right away! Early bird discount is expiring soon!
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Our purpose is to inform and advise investors through next level education and services so they can distinguish themselves in their market.