Lesson 14: Project Lonestar Wrap-up and the Accidental Liquor Store

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October 19, 2016 at 2:30 pm  •  Posted in f16-econ491 by  •  0 Comments

Wed, Oct 19

Review:

  • Lonestar Analysis

Presentation:

  • Offer is in (verbal only), awaiting response
  • Square Footage includes basement
  • Summary of Lonestar analyses

  • Impact of the New Pueblo Freeway 
  • The story of my “Accidental” Liquor Store
    • Blog Post
    • Update – Business and Building Sold!
      • Business and License
      • Inventory
      • Building Lease
      • Building Sale
      • Financing
    • New Lessons
      • Keep inventory separate
      • Don’t fight highest and best use (owner operator)
      • Be flexible and solve problems for other parties in the transaction
      • Owner carry can help get the deal done
      • Commercial Real Estate Investing is an exercise in Entrepreneurship

Activity:

  • Look at other Commercial Properties in Pueblo
    • 1015 W. 29th St.
    • 544 E Abriendo
    • 119 Central Plaza
  • Estimate value
  • Rank from high to low in terms of Value/Asking Price

 

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