Selling my 5.5 acre property with 8000 sq ft barn to start my real estate journey

[Donald Jaronsky]

Hey guys, I have a 5.5 acre property in blairstown NJ. I was running my landscape construction business out of it. I have a 8000 square-foot barn with 1/2 bath and it is plumbed for another half bath on the second level. The structure was built in 1790. It has all hand carved beams and really is a very unique set up. There are a few more structures on site as well. there is also a 8’ x 12‘ sign lot that I own on the main rd that I could sell with the property. 

so the property has been listed for about a year. originally had it listed for 599,000 recently have dropped the price to 575,000. I went under contract once and it wound up not being enough space for another contractor who had a much larger operation. My realtor is having a broker open house this Friday I’m really hoping that this gets the job done. 

Has anyone else ever dealt with a situation like this? If so, do you have any insight or potentially a different approach that I could take. Considering it’s such a niche property. 

Any and all comments or suggestions would be greatly appreciated

[Romeo E.]

Hey Donald, if your property has been listed for about a year and no offers are coming in around your price, the market is giving you a big signal that you're over price. What does your realtor say about price?