Q. What classifies a good location when purchasing a commercial/industrial property?

A. When assessing the feasibility of a location, ask yourself the following questions:

RETAIL
• Is their a significant customer base for my retail business here?
• Am I a destination business or a drive-by?
• Is there too much competition (or if none, why not )?

OFFICE
• What message does this building send to my clients and staff?
• Can I attract good employees here (or keep my current staff)?
• Does this location work for my staff (calling on clients, etc.)?

 INDUSTRIAL
• Does this location meet my needs (or can I afford modifications)?
• Will employees follow me to this location?
• What about highway accessibility?

VACANT LAND
• If I had to sell this property in six months, could I find a buyer?
• If I couldn't build for three years, could I afford to hold it?
• What will this area be like in five years?