Commercial Real Estate Investing
Market News & Data
General Info
Real Estate Strategies
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/hospitable-deef083b895516ce26951b0ca48cf8f170861d742d4a4cb6cf5d19396b5eaac6.png)
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_trust-2bcce80d03411a9e99a3cbcf4201c034562e18a3fc6eecd3fd22ecd5350c3aa5.avif)
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_1031_exchange-96bbcda3f8ad2d724c0ac759709c7e295979badd52e428240d6eaad5c8eff385.avif)
Real Estate Classifieds
Reviews & Feedback
Updated over 5 years ago on . Most recent reply
![William Jenkins's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/230959/1621434857-avatar-wwj345.jpg?twic=v1/output=image/crop=667x667@178x0/cover=128x128&v=2)
Undermined Coal Mine Property Development Poential
I've got a property that I am interested in that was undermined with a room and pillar coal mine back in the 1920's. There is an existing income stream that I am interested in purchasing that goes with the property, and I am just starting to look into what I can do with the remainder of the property.
I'm well versed in land development but don't have any experience with undermined property. The property is located along a major interstate on an exit ramp albeit in a more rural area. I could easily see a future opportunity for a gas station, self storage, smaller commercial warehouse, etc., but I know the undermining will affect the attractiveness of selling later down the road for that. The state offers subsidence insurance (even for new development), but it is capped at $500k (could cover a smaller metal warehouse building etc, but not a gas station, hotel, etc.)
Anyone on here ever develop an undermined property? What did you develop? Tips, problems, issues, concerns, advice?