This is a perfect example of an underutilized property. Here you would have one of two possible situations. One, the property is currently zoned commercial but has a legal non-conforming (grandfathered) single family residence on it, or two, it's zoned residential in which case it's a perfect candidate for a zone change. With commercial right next door and across the street, the prevailing development pattern would be for either commercial or multifamily residential.
These are the exact types of projects that we work on within our coaching group and with our consulting clients. If you're interested in learning how to add value to land without ever having to touch it, you should consider setting up a free 15-minute call to see how our strategies can align with your existing land business.
To schedule a free 15-minute call, click here.
Who are we?
Our purpose is to inform and advise investors through next level education and services so they can distinguish themselves in their market.