Residential Development Near Industrial Help

[Donny Williams]

Hi, I'm having some second thoughts on a vacant piece of property that I just put under contract. The land is zoned for single family homes and is already split in parcels. It looks like a great deal at 108k for 18 acres near town in Kansas city. It is a total if 48 parcels that are .3 acres each. So in my due diligence I discovered that the closed public golf course on the south side is being zoned industrial. The property sits right against that golf course. So while I thought that would be a plus for this community it now looks like a big negative. I'm about to pay 1300 for a feasibility study to be conducted on the property. However, I don't want to waste my money if that industrial zoning information makes this a bad deal. I have a out clause on my contract so I can walk away without losing my deposit. Thoughts??