Commercial Real Estate Rookie Mistake?

[Ryan Cazares]

I'm an optometrist, and I recently purchased a piece of land $326K. I put down about $77K. The loan is for 5 years with an inflated payment at the end of the term.

The initial goal was to build a clinic (instead of renting like I currently am). I'd also rent out a space to a tenant or two. However, construction costs are atrocious, so much so that I'd rather stay where I am and invest in homes instead. My part of the mortgage would be triple my current rent.

What would you do with the land in this situation? I put it back on the market, but curious what others think.