Land & New Construction
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 7 years ago on . Most recent reply
Rezoing a land from R4 to commercial.
I found a property under contract that has R4 zoning with some sensitive area. It is under contract with me and after initialy survey done, the land has a lot of sensitive area and found that I can only build a house based on R4 zoning. But if I can change to commercial zone, the value of the land will be a steal. It is currently valued at 250k by the government based on tax history and the seller agree to sell me for 135k. If I build a single house, I probably just break it even or might get 5 to 10% profit in the overall process. Any advice and has Anyone done rezoning from residential to commercial?