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Updated over 2 years ago,
4 acres in Georgetown off 29 - development options?
Hello,
I own about 4 acres of land in a very up-and-coming area - on the west side of Georgetown off the main road HW 29. New neighborhoods are being built left and right. This property is tucked away about a 1/4 mile off the main road, surrounded on two sides by one of the new neighborhoods. Currently on 2 acres is a 1,600 sq/ft house with a big shop (75x30ft) double bay/steel walls and roof, an additional small building 10x18 which was renovated (initially for an esthetician), a covered RV storage spot, and a fenced in hot tub area. The bottom 2 acres has a garage and a pole barn, all hooked up with electricity and water.
A commercial pool company is renting out the whole property currently but from an aerial view it looks like you could fit about 24 houses (easily viewable since they border the west fence line) inside this area. Who do I even talk to about development options? Am I missing out on the major potential of this property?