Best way to monetize vacant land???

[Adam Zima]

Attached to a commercial property deal I closed came 6 acres of land. It’s zoning states use for “wide variety of residential and commercial use”. 

It’s on a double yellow line road. It backs up to a residential neighborhood. And the adjacent property on the double yellow line road are commercial buildings, self storage, or apartment complexes. 

I’m unsure how to start to determine which route to go will create the best value or return on investment in this wooded property. 

Is there a higher ROI on apartments, commercial warehouse, solar field, storage units? TIA

[Henry Clark]

Would check the following.   This will help narrow down your approach.

Zoning

Setbacks

Water, sewer and electric access

Fire hydrant needs

Storm pond 

Storm sewer

Floodplain and wetlands.  

Road access possible

These are the big development issues that can determine your usage.