Cost Segregation / Depreciation on Property we plan to tear down

[Steven Blentlinger]

Has anyone else had experience with doing cost segregation and depreciation on a property that you plan to (or did) tear down to do a new development? We purchased a commercial property and closed in August that was a former gas station (currently closed and vacant). We are doing zoning and entitlement now to start a new 4 or 5 unit multifamily townhome project to start construction in spring 2022.