Look for These 9 Key Features When You Purchase a Retail StoreWhen you’re looking for the right retail building for sale, you need to know what features you need for it to be successful. Here’s the scoop.

Look for These 9 Key Features When You Purchase a Retail Store

Commercial property seekers often search for prime retail sites. Some building features prove essential in almost every case, however. Consider using this helpful checklist to assist you during your hunt for retail premises:

  1. Check zoning first
  2. Evaluate the commercial building marketplace in the neighborhood
  3. Find a site close to transportation services
  4. Ensure the building meets code requirements
  5. Think about customer and service entrances
  6. Review signage options
  7. Provide adequate parking
  8. Illumination
  9. Obtain sufficient display and storage space

Check Zoning First

As a preliminary matter, ensure your local zoning board has approved a building for retail use. You may avoid an expensive mistake by checking into this issue. Sometimes cities won’t allow retailers to conduct business from locations with residential zoning due to concerns about heavy customer traffic volumes.

Evaluate the Commercial Building Marketplace in the Neighborhood

You’ll want to consider other businesses located within the immediate vicinity, also. Moving right next door to a busy competitor may (or may not) offer advantages. You probably won’t want to locate your firm next to any potentially incompatible enterprises.

Find a Site Proximate to Transportation Services

Try and find a location served by public transportation facilities. A building situated along a bus or subway route offers advantages. This type of location helps customers reach your store.

Ensure Your Building Meets Code Requirements

Don’t invest in a “fixer upper” retail building under most circumstances. If you need to spend a lot of money bringing the premises up to Code, you’ll likely reduce your firm’s initial profitability.

Think About Customer And Service Entrances

Does the building supply an easily accessed main customer entrance? Customers won’t shop at your store if they cannot locate the front door easily. Additionally, you’ll want to ensure you maintain sufficient service entrances to accommodate unloading bulky inventory shipments.

Review Signage Options

Signage serves as the lifeblood of many retailers. Pay close attention to available signage options and costs!

Provide Adequate Parking

Does the building offer ample, convenient parking? If not, can your customers obtain parking nearby? Today, some shoppers bypass boutiques which lack convenient parking access.

Illumination

Obtain brightly illuminated premises, or pick a property that you can add lighting to yourself.

Obtain Sufficient Display And Storage Space

Finally, ensure your building furnishes a sufficient square footage to accommodate both display and storage goals. The needs of your individual business may determine your company’s space requirements. The ratio of width to depth matters in some storefronts, too. Research your retailing sector carefully to evaluate your likely square footage needs before you begin searching for a building.

Hot Key West Business Opportunities

Are You Looking for Commercial Property in the Florida Keys?

Use our site to search commercial real estate in Key West and all of the Florida Keys. Unlike the “big name” sites out there, our site is directly connected to our local MLS and is updated with new properties every HOUR. By creating a Property Manager account you can stay on top of the newest businesses that go up on the market and get Price Change alerts so you can stay ahead of other buyers and beat them to the best deals!
In the meantime, check out these 1-click searches:

Newest Key West Commercial Properties on the Market

Prime commercial property in the heart of downtown Key Largo. 5,457 sqft commercial space available immediately for lease! Access inside via private Elevator or Staircase. Large windows for natural lighting. Current floor plan includes many individual offices but could be reconfigured. Ample parking in front and side. $12 sqft gross lease. The unit has it's own bathrooms and kitchenette area. Great visibility on US 1! Zoned Urban Commercial with many possibilities. $5,457 Active

99451 Overseas Highway 2nd Floor KEY LARGO, Florida

4 Baths 13,260 SqFt

This is the price for one lot. Total of three contiguous, commercial dry lots at the end of 20th St. Oceanside. Big bonus, each lot includes a deeded and assigned deep water wet slip! Each lot may be purchased individually or together. Each lot is 94.5' wide by 110' deep and has its own water & electric meters. Three addresses are 351 20th St. Ocean, 361 20th St. Ocean and 371 20th St. Ocean as the end lot. Each lot is part of a Fisherman's Pointe HOA with fees of $1,200 per year per lot. Lots are currently being used by Fisherman for trap repair and storage. Favorable Mixed Use- Maritime Zoning allows for many commercial uses.The MU-M zoning district is intended to establish areas suitable for uses which are essential to the commercial maritime industry, including sales and service of fishing equipment and supplies, seafood processing, fishing equipment manufacture and treatment, boat storage, restaurants, retail and affordable housing residential uses.The MU district is designated within the Mixed-use Commercial (MUC) future land use category on the Future Land Use Map (FLUM). $749,900 Active

351 20th St, Marathon MARATHON, Florida

This is the price for one lot. Total of three contiguous, commercial dry lots at the end of 20th St. Oceanside. Big bonus, each lot includes a deeded and assigned deep water wet slip! Each lot may be purchased individually or together. Each lot is 94.5' wide by 110' deep and has its own water & electric meters. Three addresses are 351 20th St. Ocean, 361 20th St. Ocean and 371 20th St. Ocean as the end lot. Each lot is part of a Fisherman's Pointe HOA with fees of $1,200 per year per lot. Lots are currently being used by Fisherman for trap repair and storage. Favorable Mixed Use- Maritime Zoning allows for many commercial uses.The MU-M zoning district is intended to establish areas suitable for uses which are essential to the commercial maritime industry, including sales and service of fishing equipment and supplies, seafood processing, fishing equipment manufacture and treatment, boat storage, restaurants, retail and affordable housing residential uses.The MU district is designated within the Mixed-use Commercial (MUC) future land use category on the Future Land Use Map (FLUM). $799,900 Active

371 20Th Street MARATHON, Florida

This is the price for one lot. Total of three contiguous, commercial dry lots at the end of 20th St. Oceanside. Big bonus, each lot includes a deeded and assigned deep water wet slip! Each lot may be purchased individually or together. Each lot is 94.5' wide by 110' deep and has its own water & electric meters. Three addresses are 351 20th St. Ocean, 361 20th St. Ocean and 371 20th St. Ocean as the end lot. Each lot is part of a Fisherman's Pointe HOA with fees of $1,200 per year per lot. Lots are currently being used by Fisherman for trap repair and storage. Favorable Mixed Use- Maritime Zoning allows for many commercial uses.The MU-M zoning district is intended to establish areas suitable for uses which are essential to the commercial maritime industry, including sales and service of fishing equipment and supplies, seafood processing, fishing equipment manufacture and treatment, boat storage, restaurants, retail and affordable housing residential uses.The MU district is designated within the Mixed-use Commercial (MUC) future land use category on the Future Land Use Map (FLUM). $749,900 Active

361 20th Street MARATHON, Florida


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