Is lot/land for sale any worth?

[Vasudev Kirs]

Hello,

I have been looking for single-family/multi-family for investment for past few months but having no luck. 

1. Does anyone know if buying a lot is a good investment option?  
2. Do they appreciate?
3. I understand zoning is important and some of them are zoned for multi-family and others single family. Do builders prefer buying lots and building?

Any gotchas or red flags I need to consider?

Thank you!

[Scott Schnabel]

I don't know your market but here in Northeast Ohio buildable land has been difficult to find.  My niche market has been finding land for homeowners to build on. If it's even decent $40K seems low. What do I look for;

Zoning, Setbacks, utilities, easements, Deed restrictions, flood zones, wetlands, dimensions, neighborhood, and comps.  Most new builds to day are ~60 ft wide.  average sideyard setback is 10'.  S you need ~80' of width

I think looking at it as an investment will require a long, long hold time and even then...