Buying an empty 5000 square foot lot of land in a western suburn

[Atul Mohlajee]

Is it a good idea to buy a empty lot of land  in a suburb?  It is a mixed use lot at end of a residential block where a house, a condo building, maybe three town homes can be built.  Even a commercial building can be built.  I do not want to build these myself but will sell to a developer who wants to build.  I am getting a good deal from a motivated buyer but is it still a good idea?  Please tell your experiences.

This is an upper middle class suburb by the way.  I can possibly get it for 90000.

Thanks