Empty Lots/Extra Space

[John Wilson]

I have a commercial property that currently is full but has three empty city land lots available that are underutilized.

I also just put an 11 unit mixed use building under contract and I’m getting two empty city lots with the purchase that have nothing on them.

We are also being given between 4-6 empty lots across the street from my commercial property.

So we have abundant land but a lot of it is underutilized and is not returning anything back to me!

I’m looking for ideas on how to drive as much revenue through each of these properties and the empty land seems to be the lowest hanging fruit. I have had a few ideas of dropping portable storage solutions on there and making a mini storage facility, beekeeping and selling off parking spaces but I’m wondering what other people have done in these situations.

We aren’t able to put billboards or any advertising down. They’re all zoned commercial so we can’t drop a mobile home down, no utilities there either.