land investment

[Marc Oister]

i am new to land investing and have found a parcel of land that i am undecided on.  The area is close within 2 miles of my home town Which i currently live.  The area is a rural area in that is slowly but surely being developed.  The parcel that is mentioned is 8 acres and located aside a new development that has Been completed.  The asking price is 10k. With an annual tax of $112.  The only problem i have run into is that the land was previously zoned residential bit now is zoned open space.  I would greatly appreciate anybodys insight on this matter or previous experience on open space zoned land.