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Updated about 4 years ago,

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3,406
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Ryan Dossey
  • Real Estate Broker
  • Indianapolis, IN
2,425
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3,406
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Equestrian and open air storage lot

Ryan Dossey
  • Real Estate Broker
  • Indianapolis, IN
Posted

I have access to 5 acres of land in a high end area that is being readily developed. I'm wanting to hold it for 5-10 years and then sell it.

It is 2 miles from a large equestrian center and people ask to rent the 7 stall barn regularly. I'm thinking that could help cover some costs. A self service type of deal. 

Caddy corner to the property there is a storage lot that is full. Average boat or camper storage is 50+ a month. I'm thinking lay gravel, fence with a gate, lighting, and rent. Could cash flow pretty well. 

Anyone done something similar?

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