Question on Laundrymat/Bathroom for Park


#1

Hi all - I have a question on a 34-space park I’m buying that has a small building on site w/a 2-stall bathroom & 1 W/D for the tenants. The water has been turned off to these facilities due to tenant abuse (and has been closed & locked up for quite some time), and on a master meter so all cost was going to the owner - not good. Planning on sub-metering in the next 36 mos…

Any thoughts on highest and best use for this building? Laundrymat across the street, fyi.

p.s. This Forum is Awesome - Frank’s input is classic (love the cynicism & honesty) – Thank you!