I've heard the saying since I was a kid, location, location and location. Real estate as I later found out is largely based on location. The location of course ads value because of desireability, of commercial value, maybe because of high traffic, views, location on the lake, you name it location is something that can either ad or take value.
What about location for a real estate office? I just had to share this picture of an office that I drove by today.
That is a real estate company sharing a location with Dunkin Donuts. On review of the picture, maybe I should have not zoomed in as much, but take my work for it, this is one location shared by two companies. The first company is a national chain franchise which I'm sure we all know, Dunkin Donuts. They have changed a good bit in the last year or so, now making good coffee and drawing in a new crowd. The second company is a real estate firm.
So is this a good location? Honestly I don't know. My guess would be that yes, it is a pretty good location. It is on a busy corner intersection, in a relatively well to do area. Home values, I'm guessing are about $350,000. Also, I would not be surprised that this location gets a GOOD amount of daily traffic, right?
So some pro's
1. heavy traffic
2. good corner location
3. Visibility - I saw this from across the street, it is VERY visible
4. Pretty easy access, parking was good
Cons,
I can only think of one and it is that it shares the space with dunkin donuts. This is bad, mostly to ones waistline, because donuts are GOOD!!!!! Can you imagine, it not like you go to the office kitchen, you actually walk out of your office into Dunkin Donuts. This is either super cool, or can lead to an ever expanding waistline.
Any thoughts? Discipline I think.
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