A developer wants my garage lot. Should I sell to them or to someone who keeps it a shop?
A developer and a shop buyer are buying different things. One wants the dirt; the other wants the shop and the spot. Compare the full picture, not just the top number.
If this sounds like youSomeone wants to tear down what you built and put up something else. The number's tempting, but you keep thinking about your techs and your customers.
What you can do.
Take the developer's offer
Often a clean price for the land, but the shop and the jobs usually end.
Sell to someone who keeps it a shop
Your team and customers stay, and the place you built keeps going.
Ask both and compare terms
Look at price, timing, conditions, environmental checks and who pays for what.
What to watch for.
- Developer offers often depend on permits and zoning changes that can take a long time or fall through.
- Ask who pays for environmental testing and what happens if they find something.
- Think about what you want your name on when you drive by in five years.
Owner to owner, and it stays private.
Lotus buys auto buildings to keep them auto buildings. We keep the shop running, take care of the team and hold the property for the long haul.
James StephensonLotus, Massachusetts and Connecticut
Quick answers.
Are developer offers usually higher?
Sometimes. But they often come with long waits and conditions. Compare what you actually walk away with, and when.
Can I talk to Lotus while I have another offer?
Yes. It's your property, and a second conversation stays private.
Thinking about what comes next for your shop or building?
Tell James a little about it. Only James reads it, and the conversation stays private. No pressure, no broker and no mailing list.