What to do with Commercial Lot

[Natalie B.]

I’m acquiring a commercial lot as a part of a portfolio of residential lots and SFRs. It’s cleared and level (.32 acres) with nice main road/hwy frontage (on a corner) and in a D- area but walking distance to a military base. Surrounding businesses include two tailor shops, car mechanic/lot and a small BBQ joint. I’ve locked it up for $39k and tax assessment is $55k. Completely out of my wheelhouse so would love opinions/suggestions on an exit or hold strategy.