Do you want your commercial real estate to earn more? Do you think that large Winter Haven parking lot paving in front or at the back of your building is a complete waste of space and investment? Is it not earning for itself? Is the maintenance costing you too much?
Providing a safe space where customers can park their cars is admirable for every businessman. Thinking about the safety and convenience of your clients is something not many are willing to invest in. If you’ve got a huge space dedicated for parking space, you don’t need to dip your hands into the income generated by your actual business. You can make the parking lot earn for itself.
Aren’t people always looking for event places? Concert producers, in particular. They need a large outdoor space that can accommodate a large number of people at the same time. You can offer your parking lot for a fee.
However, before doing that, you need to make sure of the durability and stability of your parking lot. You can call a Winter Haven parking lot paving contractor to check for cracks and potholes on the pavement. You need to address any pavement issues first before deciding to have it rented to concert producers.
You also need to check the infrastructure. Holding a concert there means building a durable makeshift stage with foundations for lights, speakers, microphones, etc. Can your parking lot accommodate all the electricity needed to power the equipment and devices? If you are going to open up your space for a concert, you need to carefully plot the flow of electricity and put up additional electric supply and sockets.
Next, where will the concertgoers park their cars? Since you are turning your parking lot into a one big concert ground, you will lose the space to accommodate your guests’ vehicles. You should take that into careful consideration.
Maybe there’s an extra space near your property that you can rent out for the day? Maybe parking along the street is allowed? Take note of the permits that you may need to apply for because you surely don’t want to get into trouble with local authorities on the day of the concert.
Rest assured, though, that after the investment you will put into your Winter Haven parking lot paving durability and infrastructure, you will get your money back in no time. Rental fees for concert grounds and event spaces are usually on the higher end.