Develop a bare lot, but with what and how

[Account Closed]

I have identified 2 separate lots in Marysville Washington (Snohomish County) that are bare and undeveloped. I have not contacted the respective owners (yet). My vision is to develop/ build and have multifamily structures built based on the size of the lot as I see it. (One lot could potentially be commercial/ mixed use due to the proximity of an existing mixed use.) However, I cannot tell what can be built on either lot/ what they are zoned for. One of the lots states undeveloped vacant land and the other states that it is an SFR despite the dwelling having been demolished.

Besides the fact that I need to mail off letters to the owners on record, where do I start for determining the dwelling size and type that could be built? I feel that I should know these things in order to seek finance and outline budget as well as exit strategy (or hold).

[Jay Hinrichs]

Hook up with a builder and be a bird dog for them.. then learn the process's.. if the lot is sitting there like that

in this Market on the west coast  ( unless new construction is not feasible in that area which many areas new construction is not as existing stock is cheaper than new construction)

but if there is new construction and that lot is sitting there usually means a couple things.

1. lot has some technical issues.

2. seller had it grossly over priced.

In our west coast market any lot that is priced correctly and not a technical challenge sells in 10 to 60 days ..

Not to be Debbie downer but I have done this 4 decades now.. and you simply cannot get this done with no money and no experience... you HAVE to have a partner with both.. other wise as stated bird dog it.. or try something else..