Cost to tear down large commerical structure and develope residential SF homes

[Livia Adams]

Hello Everyone,

We are currently working a deal in Gulf Shores that is a little tricky. It's around 4 acres of land that could be developed into a cul de sac with ~10 SF homes.

However the lot currently hosts a 5k sqft commercial/industrial structure (made out of metal). 

Is anyone familiar with the cost of getting such land buildable? 

How much should we allocate to demo such a structure and prepare it for development so that it's attractive to developers?

Thank you for your help!