Every market has a site that seems to be perpetually vacant despite the quality of the location or curb appeal. These sites can remain vacant for years at a time depending on market conditions, and they eventually develop a stigma to potential buyers.
Commercial real estate professionals and property owners know that one of the hardest challenges to overcome is filling a site that has remained vacant long after a business has failed. The building requires regular maintenance, but doesn’t generate revenue. Despite the stigma, these sites can be profitable to savvy investors.
Real estate professionals just need imagination and statistically sound data.
Read the full article here: How commercial real estate professionals can revitalize a failed site – Portland Business Journal