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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

1 Henry Morgan Road W 1 $38,000,000

1 Henry Morgan Road W 1 OTHER, Florida

99 Beds 119 Baths

1 Infinity Bay Road W 145 $28,000,000

1 Infinity Bay Road W 145 OTHER, Florida

99 Beds 170 Baths

1 Media Luna Resort Road W 126 $26,000,000

1 Media Luna Resort Road W 126 OTHER, Florida

99 Beds 109 Baths

1 SEA GRAPE PLANTATION RESORT Road W $7,999,999

1 SEA GRAPE PLANTATION RESORT Road W OTHER, Florida

30 Beds 33 Baths

27340 Overseas Highway $6,900,000

27340 Overseas Highway Ramrod, Florida

3,969 SqFt

1 Lands End  West End Roatan W $6,750,000

1 Lands End West End Roatan W OTHER, Florida

25 Beds 27 Baths

328 Whitehead Street $4,995,000

328 Whitehead Street KEY WEST, Florida

5 Beds 5 Baths 2,759 SqFt 0.330 Acres

7537 Overseas Highway $3,495,000

7537 Overseas Highway MARATHON, Florida

6,750 SqFt

91865 Overseas Highway $2,300,000

91865 Overseas Highway Tavernier, Florida

15 Beds 10 Baths 10,150 SqFt

100150 Overseas Highway $2,100,000

100150 Overseas Highway KEY LARGO, Florida

58835 Overseas Highway $1,499,000

58835 Overseas Highway MARATHON, Florida

3,414 SqFt

1000 Eaton Street $1,200,000

1000 Eaton Street KEY WEST, Florida

1 Baths 989 SqFt

Pirates Road $799,000

Pirates Road Cudjoe, Florida

Pirates Road $799,000

Pirates Road Cudjoe, Florida

96,547 SqFt

103275 Overseas Highway $675,000

103275 Overseas Highway KEY LARGO, Florida

3 Beds 2 Baths 1,845 SqFt 0.240 Acres

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

Listed $50,000 under appraised value. Rare opportunity to purchase the Historic 7 Mile Marina less than a mile from 7 Mile Bridge with over 360ft of US-1 frontage! Commercial property consists of protected marina, 3,600 sqft building. Marathon approved transferable building rights allowing 9,332 of commercial floor area, two tax keys totaling +/- 54,768 sqft or 1.25 acres. Property being sold ''AS IS'' no warranties or representations and no leases. Includes a deed restriction for neighboring property not to store straps within 75 ft of NE property line. Prior to 2014 fire, property had a 150 seat restaurant and office. $3,150,000 Active

1090 Overseas Highway MARATHON, Florida

2 Baths

Here is your chance to own a turnkey restaurant property in paradise! Recently updated and renovated, this restaurant property is a staple to the local community.PRIME US1 FRONTAGE, Average daily traffic is over 16,000! Total of 168 seats, qualifies for SRX license, and offers tons of parking on the 20,000sqft lot. This property is ready to go, don't miss this opportunity! $995,000 Active

31044 Avenue B Big Pine, Florida

3,252 SqFt

$15,000 startup grant available to an energetic formally trained chef with innovative ideas & ready for their big break to start their own restaurant.  Key West restaurant/bar location lease for only $5000 mo!  There's an amazing concentration of residential addresses nearby, with several larger ocean front condominium complexes & hotels just a few blocks away, for a lucrative takeout business or to fill your seats. You can't beat the price when comparing to other Key West properties that offer a restaurant/bar opportunity. With a 2600+ sq. ft. building, the location offers high visibility in the cross town area of Key West zoned for a 79 seat restaurant/bar with beer & wine sales. Huge kitchen & prep area, walk in cooler & freezer, large storage room/office/casual area & 3 restrooms. Property must operate as a restaurant with a beer and wine license. Triple net lease with F/L/S. Tenant to verify all information. 
 
To participate in the grant, proof formal culinary arts training and Key West residency (minimum of 2 years) absolutely required.  Grant is for rent payment for the first 3 months rent. 
 
A member of the LLC is a licensed Florida real estate agent. 
$5,000 Active

1500 Bertha Street KEY WEST, Florida

3 Baths 2,646 SqFt

Commercial building for lease, TRAFFIC LIGHT CORNER, location next to main intersection in Big Pine Key on the Overseas Highway in the Lower FL Keys outside of Marathon & Key West. Serving a radius of over 30 miles north & south, SC zoning. Ideal for office or retail with approx.~3251sf of space. Current office buildout has 8 private offices with barn doors, open and bright reception area, conference room, storage, plenty of off-street parking with easy to access and excellent visibility. $4,877 Active

30362 Overseas Highway Big Pine, Florida

1 Baths 3,251 SqFt

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, FL 33040

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