Outer Banks Commercial Real Estate Newsletter: April 2021
by Larry Lombardi, on Apr 11, 2021 5:04:37 PM
OBX CRE Spotlight
Agent & Realtor
- Born and raised in Norfolk, VA.
- Two grown sons, one in Austin and one in Alexandria.
- Married to my wife Marian for 30 years.
- One granddaughter.
How long have you been working in commercial real estate?
How did you first get into real estate?
My best friend offered me a job in commercial real estate after Frank Thomas Company closed in the fall of 1994. I already knew many of the other agents (and their families) because they wore our suits!
What was your first CRE transaction?
What was your most memorable CRE transaction?
What's your favorite part of working in CRE?
What's one of the most challenging parts of working in CRE?
How would you describe the commercial real estate market in northeastern NC and the Outer Banks?
Can you share one great piece of advice for someone looking to buy/lease commercial property or land?
What is your favorite thing about the Outer Banks?
What's your favorite way to spend your free time?
‘We’re not out of the woods’: How commercial property could spark a financial shock
Motel in Jarvisburg
Excellent opportunity to take full advantage of the popularity of the OBX with vacationers and/or year-round tenants as well! The shortage of affordable housing and the option for less than a full week stay make this a a successful niche, AKA, no brainer! Currently the motel consists of 4 efficiencies, 5 single rooms and 3 double rooms. The property has room to expand occupancy to increase your rental income!
Small Business Quotes: 24 Pieces of Advice, Motivation and Inspiration