Commercial Development

[Daniel Miller]

There is a piece of land near a high school in my county that I believe is a good buy. I have been on the money previously with land flips. I have doubled my money a couple times...(bought for $10k sold for $20K) and I kind of have the same feeling about this property, although I'd like to develop it. I could lock up the land (two lots, about 0.2 acres) for $100,000. I could build a 4,500 square foot building. Beyond that, the only inclination I have that this is a good deal is that it's at a lit intersection, caddy corner from the local high school! So, ultimately the value of this land depends on the commercial application. I want the application to be retail businesses that focus on the kids. What kind of businesses do kids like after school? 7-Eleven would not be interested. (Slurpees!) Them and most of the gas giants are only interested in making "destination centers" and will not develop small parcels for convenience, non-gas, stores. Any ideas? Is my idea good? 

[Peter John K]

i like the idea of just dumping some asphalt or a slab on it and leasing it out to food trucks.... you may find a guy who does a near by office park every day for the lunch crowd and than he can shoot over to your location at 230 and catch the after school crowd...

Or you could just buy a food truck and than find a local underpaid short order chef possibly one with a spouse who happens to be looking for work and give them the food truck for 50% of the business you may end up spending less than developing it properly but also making more money if they have really good food and the high school kids keep coming back after they graduate with the new flow of students its a possible gold mine if you had the right menu....