Steve Leth

A real estate agent can help you in listing the home and marketing the property properly so everyone knows the lease that is currently in place will remain in effect. The new owner most likely would be an investor that would be willing to take over the current lease.

Hi Richard, This is a really hard question to answer on a commercial building without getting too much of the details. 1. Have you had buyers interested and go through the 2-3 phases of due diligence and then back out? If so then you may know why a buyer would be interested, but then back out after going through the due diligence period. 2. If you are not getting buyers to even start the due diligence process then it usually comes down to price. You can always sell it as-is, but know buyers will want whatever repairs to come off the asking price. You may be able to get the repairs done at a cheaper cost than what you would reduce in price. An estimate of repairs would be beneficial in this case. Where and how are you marketing your property? Loopnet would be a great start. A commercial broker would also be something to consider. Hope some of these ideas help in your thought process of what to do next.