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Updated about 1 year ago,

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John McKee#5 Commercial Real Estate Investing Contributor
  • Investor
  • Fairfax, VA
727
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1,086
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The local government wants to by my land/easement

John McKee#5 Commercial Real Estate Investing Contributor
  • Investor
  • Fairfax, VA
Posted

I have a property in which the local town needs 1,300 square feet of land to widen the road.  In concept I'm okay with it, but the project doesn't provide any real value to my property either.  In addition to this permanent easement, they want a temporary easement of 1,600 square feet to store their equipment do some curb work etc.  The existing tenant says they won't be affected, but in reality one of their entrances will be blocked for 6 months.  It's not a main entrance per say but an entrance none the less.  The tenant is a standalone AT&T store so they are not solely dependent on ease of access like a QSR.  There will be one parking spot taken up with the temporarily easement as well.  Other than looking at the tax valuation to figure out a good number to propose on this buyout of my land what else can you recommend asking for.    

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