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The Many Uses of Old Banks

If banks don’t become restaurants, they can also work as medical, office, food service, or general retail space.

By Les Shaver | November 25, 2020 at 12:10 PM

While many banks may be looking to close locations over the next few years, there is some good news for owners of those assets: COVID-19 has shown value in having a drive-through.

“The good thing about banks is they have that drive through zoning,” says Noah Shaffer, senior director of asset management for Confidant Asset Management (CAM). “Once you figure out how to work around the bank vault and the installation of restaurant equipment and fixtures, the existence of a drive-through will help the permitting process for a retrofit to a restaurant.”

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