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Blog entry by sandhill posted 08-23-2010 08:41 PM 1205 reads 0 times favorited 15 comments Add to Favorites Watch

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15 comments so far

View Tim Pursell's profile

Tim Pursell

499 posts in 3242 days


#1 posted 08-23-2010 09:09 PM

View Camper's profile

Camper

232 posts in 2316 days


#2 posted 08-23-2010 09:44 PM

where in FL are you? :)

-- Tampa-FL

View WoodArtbyJR's profile

WoodArtbyJR

428 posts in 2425 days


#3 posted 08-23-2010 10:09 PM

All right, I will put my over sight inspector hat back on. Building looks old. How old? Looks like it is on a slap or concrete pad. Correct? Is it all work space or is there living quarters? You said restroom, behind one of the trees or is it a real one connected to a septic and drain field or sewer system? Looks like leanto type roof, excedpt for maybe a flat roof right behind the Exporer. How much property. What is the property zoned for? What type of neighborhood is it. When you lock it up at night, how safe is it? Any sprinkler system insatlled? Closest fire station? Roof leak any where. Structure strong enough so if you bolted a cyclone to the wall it wouldn’t collapse? What is the comparable property worth near by. You would almost have to place the value in the land and not the building, but not being from there that is just a guess. Is it big enough to maybe start a woodworking club and help pay for the building and facilities?????
Good Luck, just my thoughts.

-- Jim Roberts, Port Orchard Washington

View sandhill's profile

sandhill

2128 posts in 3384 days


#4 posted 08-23-2010 10:54 PM

WoodArtbyJR @
1. It has 1 fire extinguisher covered with about 5 years of dust.
2. The roof leaked but was repaired.
3. The zoning is C2 but can be changed.
4 Hurricane safe? HAHAHA it would be gone. Building is sturdy though.
5 It is on a slab.
6. Lot is 1/2 acre.
7. It has a steel roll up door at the back of the building
8 Has a number of rooms 4 I think, Finishing room, make shift office.
9 All in All its tight on space but enough for a few people to work in and if cleaned out and the lay out changed it would be ok.
10. Security may be an issue just because of the zoning but I think you can pay to be part of a Patrol security company.
Key thing is the price is less than 1/2 what other places are going for in that area which is 200K and up
surrounded commershal and industrial properties.

Camper @ Building is in Port Richey, Florida

View WoodArtbyJR's profile

WoodArtbyJR

428 posts in 2425 days


#5 posted 08-24-2010 12:27 AM

You can bar the windows, install an inexpensive alarm system (with a very loud alarm which will deter the HONEST CROOK) but if someone REALLY wants in, they will. Sounds like you already have your mind made up and just wanted some assurance chatter. If you have the money and the surrounding property supports the price, it sounds like it might be a sound investment. It might be very easy to rent space to other TRUSTED LJs or woodworkers…..good luck.

-- Jim Roberts, Port Orchard Washington

View Camper's profile

Camper

232 posts in 2316 days


#6 posted 08-24-2010 03:15 AM

That is not far from me at all..maybe 1/2 hr on a good day

On a serious note I think it boils down to the comps in the area and investment opportunity in real estate. We just bought a house and moved so i just got done looking in and around the Tampa area and this s really the time to buy property. Prices are down, loan rates are at an all time low. So if you have the money, rather than sitting in a CD or stock market index fund and earning nothing and losing to inflation, you may as well dump it into real estate and diversify. Naturally this is all relative to at what stage of life/investment cycle you are i..

Just checked out your profile…nice tools and very nice projects..love the candle holders…

I think there were some good suggestions to defray(sp?) some recurring costs such as utilities,taxes and maintenance..

What a “fantasy” opportunity…too bad I still have to work 60hr weeks…hope it works out for the better for you no matter what the outcome may be.

-- Tampa-FL

View derosa's profile

derosa

1568 posts in 2295 days


#7 posted 08-24-2010 03:39 AM

What about picking up a vacant lot and building one of your own for 1/2-2/3 the cost? Here vacant lots from the city can go for 10-20k, couple grand for the cement base, and a two story building for 30k ish. Buildings aren’t too expensive if you can do your own framing, siding and roofing. Then you can build to suit and it doesn’t have to be perfect like a house. Then there’s no roof, siding, windows, or other worries for 20-30 years.

-- --Rev. Russ in NY-- A posse ad esse

View sandhill's profile

sandhill

2128 posts in 3384 days


#8 posted 08-24-2010 06:06 AM

derosa You know I never even thought about that. I think I will check on that tomorrow, Thanks Man
Welcome to Lumber Jocks I can see you will be an asset here.

View sandhill's profile

sandhill

2128 posts in 3384 days


#9 posted 08-24-2010 07:03 AM

Camper I have lots of lumber if you need some at some point. I will be picking up a load of Cherry 8/4 X 6’ next week, will post prices then.

View sandhill's profile

sandhill

2128 posts in 3384 days


#10 posted 08-24-2010 08:38 PM

derosa @ Well I looked at and into property that is being auctioned for failure to pay taxes and it seems like a can of worms with league issues that can happen so I will stay away from this area.

View Camper's profile

Camper

232 posts in 2316 days


#11 posted 08-25-2010 03:32 AM

Thanks sandhill. I am actually looking at ordering some online at the moment. Please do send me a price list and if i have not ordered by then, maybe i can get some from you.

-- Tampa-FL

View sandhill's profile

sandhill

2128 posts in 3384 days


#12 posted 08-30-2010 03:35 AM

Will do… I should be going next week. 9/1

View BigTiny's profile

BigTiny

1676 posts in 2348 days


#13 posted 09-02-2010 11:35 AM

One item nobody has mentioned yet is insurance. This could be a lot more than you think, especially if you are going to rent time to others or run a business, so check into it before taking the plunge.

-- The nicer the nice, the higher the price!

View sandhill's profile

sandhill

2128 posts in 3384 days


#14 posted 09-02-2010 05:45 PM

BigTiny @ He now wants 119K for the whole lot building, property and business with tools which is more then what I am willing to pay. The place is to small for what I want to do and I would need a min of 3000 sf. You are right about the insurance, here in Fl it would be around $600 per month just for the building, taxes, equipment and liability insurance but that’s a guess.

View sandhill's profile

sandhill

2128 posts in 3384 days


#15 posted 09-04-2010 11:04 PM

OK everyone that wanted Cherry its $3.50 BFT for 4/4 not much left. But about 400 BFT its a lot of narrow stuff 4” to 6”. for $3.35 BFT.
I have Cherry shorts 8/4 X 72” X 7” – 7 1/4” some wider all you want up to 500 BFT good color 80/50 for $3.65 BFT.
Shoot me a PM to arrange pick up.

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