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Updated about 8 years ago,

User Stats

111
Posts
95
Votes
Lisa Hoover
  • Specialist
  • Charlotte, NC
95
Votes |
111
Posts

Best Way to sell a 1.26 acre of commercial land for MOB

Lisa Hoover
  • Specialist
  • Charlotte, NC
Posted
Ill start by saying i'm 60 and ready to sell. I bought this land in 2004 on the "Rodeo Drive" of Charlotte NC and waited for everything to develop around it... So i have the LAST parcel of undeveloped land in this entire area of South Charlotte. Zoning says they want to see a MOB here. I've met with different large commercial development companies and they want to pay $1.2M for the land( closing someday if the far future) and build a 2 story MOB and lease the spaces to Drs. I was hoping to find independent physicians that would partner to OWN the building for their practices and maybe lease out or sell off any remaining space. I'm finding it a challenge to locate Drs that have a minute to see the big picture and realize that they are paying $17,000 a month for leasing 4000 sqft of space down the street when they could go thru the development process : 0 and they could own the entire 20,000 sqft bldg for less .. owning their $27,000 a month. So i don't want to JV. I just want to sell the dirt for a price that reflects its unique rare high end location. so how can i add value and attract end users to be owners vs. a big dev co build one more all leased office space bldg on the planet. I have standing offers of $1.5 1.6 MM for uses like storage or hotels that zoning won't allow. THANK YOU SO MUCH for any ideas

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