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Updated about 5 years ago,
Options for Development or Sale of Commercial Acreage
I own a 215 ac farm. 15.5 ac of it is zoned hiway services and is located next to the interstate on ramp on a corner lot. Who would I want to talk to about finding out what the development potential and value is? Is there an advantage to approaching a development company instead of a broker? I may ask for the zoning of additional property to be changed too. This land is flat clear ground with great access. It’s the only corner on this exchange that is flat and clear. A sewer line is less than a half mile away. Development is on an upswing with hundreds of new jobs coming within the year due to the marijuana industry establishing major commercial grow facilities 3 miles down the road. A Walmart distribution center is a few miles away, etc.
Tips and suggestions appreciated. Is a commercial land lease an option?
Thank you