paulharvey
Veteran Member
Indoor sports training or indoor archery?
Don't forget the possible liabilities. Old schools, and for that matter, all older buildings have the potential to contain massive amounts of asbestos, which in many cases would cost more to remove and dispose of than the building is worth. Demolition/renovation/salvage operations all have to address this problem. Fortunately, under federal law, the school must have been inspected, any asbestos identified and contained and/or removed. These records should be available to potential renters or buyers. Asbestos can be found in ceiling insulation, water pipes, boilers, in floor tile, etc. Maintenance on asbestos filled buildings can be very expensive.I know a guy who bought an old school as a long term investment. He rents it out to people for storage to pay for the upkeep of the building and land, but otherwise, hasn't put much into it. He figures that one day the land it sits on will be worth a lot more then what he paid for it.
Eddie