funky gadgets & finance

The importance of entry/exit points for good real estate

Jul 26 2007

My family is heavily involved in real estate and as such I have learned what I consider to be some very important lessons.

One of these lessons that I wanted to share with everyone is the fact that if your commercial/retial property has poor entry/exit points for vehicles the price you can reach for that property is going to be stunted.

The reason for this is threefold:

1. You need to be able to have supply trucks turn into and out of your store easily.
2. You need to to be able to get customers to enter from both sides of the road.
3. Those customers need to be able to exit both ways.

Think about it for yourself. How many times have you done a U-turn to get into a petrol station on the other side of the that you can’t get to due to a median strip? None. I thought so. People will always drive on to get to one on the same side of the road or where they can turn into easily.

If you are investing in a commercial property do not lease/buy it unless your entry/exits are good.

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