Mixed use properties abound throughout South Philadelphia, however it is uncommon to have the entire building, both the commercial and the residential space available for lease at the same time in an area that is strategic to accomplish your goals. So plan on being both flexible and patient.
Some properties may have Zoning Use restrictions, so you have to do some homework on any selected property to insure that you will be able to conduct your art studio teaching activity.
In the meantime, have you written a pro-forma for your project? This is a highly recommended exercise that can bring welcomed clarity to your endeavor. The details of which are instrumental to your decision making in selecting a facility and operating it successfully throughout the duration of the lease.
Aside from providing organization to the ideas and merits your enterprise, the creation of a realistic financial model will be applauded long after you turn the key in the font door.
Please feel free to contact me for an informal consultation.
Charles Balducci 215.531.2000
Coldwell Banker Preferred (Avenue Arts)