How much would it cost to buy a "corner store" in an urban low-income city?
You know the average cost for buying and not renting a small "corner store"-ish structure in the city? I want the place to be in a semi-rough urban area, if you will. Low-income poverty-ish, you know?
Probably not much. The news is loaded with stories about foreclosed properties going to auction and no one even bids on them. I’ve seen houses in Detroit, Chicago and Philly go for $500 and under that even.
If you could find something like that in a commercial location, you’re good to go. You might have to spend a lot on bars for the windows and bullet proof glass thouth. ;o)
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November 12th, 2009 at 3:42 am
Probably not much. The news is loaded with stories about foreclosed properties going to auction and no one even bids on them. I’ve seen houses in Detroit, Chicago and Philly go for $500 and under that even.
If you could find something like that in a commercial location, you’re good to go. You might have to spend a lot on bars for the windows and bullet proof glass thouth. ;o)
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