re: To sell or not to sell commercial property?

I’ve lived long enough to see that even the hottest retail areas often turn to the shitty or dead part of town, and it can happen real fast. What was the cool store becomes the markdown dollar shop.

If you had plenty of money and wanted to ride it out and see if you hit a jackpot, fine. I would do that myself. But if you are depending on this property to give a big return and can’t easily handle a loss down the road, strongly consider a sale now rather than having to sink $$$ in the needed improvements and hoping for the best.