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Updated over 5 years ago on . Most recent reply

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Michael Plante
  • Deland, FL
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Highest and Best Use?

Michael Plante
  • Deland, FL
Posted

I own a 1 acre property next to a fairly newly built Tractor Supply.

Had it up for sale for a 2 years.

Had a close sale to Dunkin Donuts but they chose to build around the corner on a larger lot.  Same with a landscape company.

I am thinking of possibly have a building put up to rent out, perhaps office or retail.

Any suggestions would be greatly appreciated.

Most Popular Reply

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Corina Eufinger
  • Rental Property Investor
  • Oconomowoc, WI
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Corina Eufinger
  • Rental Property Investor
  • Oconomowoc, WI
Replied

If your lot is nearly a recently constructed Tractor Supply and a new DD going up you want to be in that are as a land owner for sure.  That is a sign the area is building up and if you lot is in very close proximity you won't want to do residential for something small. Go office/retail OR large multifamily development if possible. 

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