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

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

5730 4Th Avenue $12,000,000

5730 4Th Avenue Stock Island, Florida

1622 Overseas Highway $9,900,000

1622 Overseas Highway MARATHON, Florida

3,400 SqFt

59073 Overseas Highway $7,990,000

59073 Overseas Highway MARATHON, Florida

2 Beds 22,069 SqFt

3574 Overseas Highway 1-7 $4,500,000

3574 Overseas Highway 1-7 MARATHON, Florida

5 Beds 5 Baths 8,413 SqFt

919 - 921 Duval Street $3,995,000

919 - 921 Duval Street KEY WEST, Florida

9 Beds 6 Baths 4,173 SqFt

99304 Overseas Highway $3,700,000

99304 Overseas Highway KEY LARGO, Florida

7,651 SqFt

100150 Overseas Highway $2,900,000

100150 Overseas Highway KEY LARGO, Florida

2,436 SqFt

388 Coconut Palm Boulevard S $2,900,000

388 Coconut Palm Boulevard S Tavernier, Florida

4 Beds 3 Baths 2,516 SqFt 0.290 Acres

909 Frances Street $2,400,000

909 Frances Street KEY WEST, Florida

3 Beds 3 Baths 1,728 SqFt 0.040 Acres

19269 Bad George Road $1,650,000

19269 Bad George Road Sugarloaf, Florida

6,205 SqFt

511 Greene Street 101 $1,500,000

511 Greene Street 101 KEY WEST, Florida

4 Baths 6,455 SqFt

188 La Paloma Road $1,500,000

188 La Paloma Road KEY LARGO, Florida

3 Beds 2 Baths 1,392 SqFt 0.150 Acres

372 Mahogany Drive $1,500,000

372 Mahogany Drive KEY LARGO, Florida

4 Beds 3 Baths 1,661 SqFt

916 Red Bird Road $1,500,000

916 Red Bird Road KEY LARGO, Florida

5 Beds 3 Baths 2,556 SqFt 0.110 Acres

1075 Duval Street $1,300,000

1075 Duval Street KEY WEST, Florida

1 Beds 1,625 SqFt

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:

  • All Businesses for Sale
  • Office Buildings
  • Hotels, Motels & Bed & Breakfasts
  • Bars & Restaurants
  • Marinas for Sale in Key West
  • Investment Properties
  • Business Opportunities

Newest Key West Commercial Properties on the Market

TOTAL OF 4 COMMERCIAL WAREHOUSE BUILDINGS AND 1 SINGLE FAMILY 1/1 IS INCLUDED IN THIS PACKAGE. 1326 107th St, 10791 6th Ave, 10700 4th Ave Gulf, 10730 5th Ave (Single Family Home) are the addresses that are all included in this Package.PLEASE SEE COMPLETE LEGAL DESCRIPTIONS AND ANY OTHER NECESSARY DOCUMENTAION IN THE DOCUMENTS SECTION OF THIS LISTING.THE EXISTING LEASES ARE FOR VARIOUS TERMS AND MANY UNITS ARE RENTED MONTH TO MONTH. Tenants will be paying electric charges. $5,100,000 Active

1280 107th Street Gulf MARATHON, Florida

1 Beds 1 Baths 4,000 SqFt

Fantastic Commercial Property Centrally located in a high traffic and high visibility location on Overseas Hwy in Key Largo with northbound and southbound access!  Zoned Suburban Commercial.  Northbound 212ft of highway frontage and Southbound 65ft highway frontage. Building is handicap accessible. Owner will be putting on a new metal roof. Current use is office building with 7 separate rooms for possible communal office space with a total of 3 entrances. Plenty of parking. X Flood Zone - no flood insurance required. Real Estate Only! Do not access property without an appointment and please do not disturb tenants. $1,595,000 Active

98500 Overseas Highway KEY LARGO, Florida

1 Baths 1,850 SqFt

Renovation completed in 2020 on this CBS constructed commercial building on Big Pine Key with high visibility on Overseas Highway, US-1. The space features two partitioned offices behind smoked glass, large windows throughout, operational drive through windows, storage area with employee bathroom and nicely remodeled customer bathroom. Paved parking in front as well as in back of the building. $2,533 Active

30964 Overseas Highway Big Pine, Florida

2 Baths 1,600 SqFt

Now available is a majority interest in the Courthouse Business Center. Offered are 14 of the 37 individual units. These popular one-room offices were built new in 2001. Located in Old Town Key West at the entrance of Truman Annex at the corner of Thomas and Southard Streets. Offices are on both 1st floor and 2nd floors, building provides shared kitchenettes, restrooms, and a shared parking lot. Size of the units range from 123sq.ft. - 203sq.ft., total 2080sq.ft. Units can be purchased individually, Unit 210 at 302 Southard is 150sqft. office on the 2nd floor. $123,750 Active

302 Southard Street 210 KEY WEST, Florida

5 Baths

View All

Posted in: Buyers, Buying Commercial Real Estate, Buying Tips Tagged: Buying a Commercial Building, buying a retail store, Commercial Building, Neighborhood, Retail Store, Shop, zoning

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Key West Office

RE/MAX ALL KEYS REAL ESTATE
305-296-1400 Office

Business Address:
517 Duval St Suite 200, Key West, FL 33040

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Key Largo Office

RE/MAX ALL KEYS REAL ESTATE
305-451-0060 Office

Business Address:
98880 Overseas Hwy, Key Largo, FL 33037

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Miami Office

RE/MAX Advance Realty
305-444-7111 Office

Business Address:
7220 Red Rd., South Miami, FL 33143

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33040, 33043, 33042, 33050, 33036, 33037
Key West, Stock Island, Big Pine Keys, Marathon, Islamorada, Key Largo

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