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Updated over 10 years ago on . Most recent reply

User Stats

132
Posts
58
Votes
Robert Curls
  • Investor
  • Clearwater, FL
58
Votes |
132
Posts

Getting the most yield per square foot

Robert Curls
  • Investor
  • Clearwater, FL
Posted

Hello BP'ers.  I have an opportunity to purchase a small lot (130x115) on a major thoroughfare in my area on great terms.  The lot is currently zoned residential however all adjacent property has been rezoned light industrial / commercial.  The property wouldn't support a new residence and the old house is a tear down.  I'm trying to determine though what the best option would be for developing this property and gaining the most yield out of the property. 

We've had a huge influx of family dollar / Dollar general's going up in the area and it could be a good location for one.  My other thoughst would be steel warehouse / workshop space, or self storage.  Another option that I'm kicking around is self serve boat / RV parking as the area is close to residential areas.  Anyone advice and opinions would be greatly appreciated.

Thanks

Rob

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