- Location: Consider accessibility, proximity to transportation and suppliers, and proximity to target market.
- Zoning: Check if the property complies with local zoning regulations for industrial use.
- Building Condition: Evaluate the building’s structure, roof, HVAC, and electrical systems.
- Size and Layout: Ensure the space meets the size and layout requirements for your operations.
- Cost: Consider both upfront and ongoing costs, including purchase price, renovation expenses, and operating costs.
- Flexibility: Look for spaces that can accommodate future expansion or changes in operations.
- Access to Utilities: Ensure access to essential utilities such as water, electricity, and natural gas.
- Environmental Compliance: Check for any potential environmental hazards and make sure the property complies with local and federal regulations.
- Competition: Consider the presence of competitors in the area and the impact they may have on your operations.
- Growth Potential: Evaluate the area’s economic conditions and growth potential to ensure the space will meet future needs.