Vacant Lot Leasing For Vehicles and Equipment

[Gabe Goudreau]

I've heard of some investors throughout the US who have had some decent success with a unique strategy: Buying a plot of land, putting up a fence, and leasing the lot to companies to park heavy equipment and vehicles on. I assume that this would work if the zoning is suitable, and there needs to be certain demand for this commodity in the particular market. Does anyone have experience with this? If so, how feasible is this investment strategy? Thanks. 

[A Rao]

I've looked at this before. I think that while zoning is not easy, you still need to have the site ready for parking. Some municipalities require paving, some will allow compacted gravel. Get some quotes on paving 2 full acres and then see if the rents/lease justify the capital outlay.