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Updated almost 12 years ago,

User Stats

356
Posts
81
Votes
Dave M.
  • Residential Landlord
  • Chicago, IL
81
Votes |
356
Posts

Consolidating muliple parcels into single development

Dave M.
  • Residential Landlord
  • Chicago, IL
Posted

In my neighborhood, there is substantial demand for adjoining parcels that are consolidated to re-purpose for either single or multi family redevelopment. Is there anyone who has a suggestion for valuing adjoining properties?

My situation is this. I own one property. How should I value the acquisition of the first adjacent property? The second?

Also, since there are two independent sellers, how should I build this into my plan?

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