A wise person once said there are three factors to consider when buying Real Estate… they are Location, Location and Location. This is an over simplification but fundamentally true. If a property is in a bad location, no matter what price you pay it will still be a bad location.
But consider this… a building that is a bad location for a restaurant might be a great location for an office space. Understanding your market area is essential. Know where the traffic is and how the access to the property works. Understand zoning and planning. Understand the growth of your community and the demographics.
All these factors go into a good location decision.
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