Can a residential property become a commercial investment?
Yes, it is possible to convert a residential property into a commercial investment; however, a strategic approach is required. Areas such as Barrio Escalante, illustrate how residential properties can be transformed into restaurants, co-working spaces, and offices.
It is essential to check municipal regulations to ensure they allow a change in use. Once this possibility is confirmed, various applications for the project can be explored.
This process provides a valuable opportunity to diversify and maximize the potential of a residential property, adapting it to the commercial needs of the area. By approaching this change carefully, a successful and profitable transition can be achieved.