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Updated almost 3 years ago on . Most recent reply
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An interesting land opportunity
Hello everyone - I am in a little bit of a quandry, and I know that if ANYONE could help me figure this out, it would be my lovely friends at Bigger Pockets!!
So - I am a Realtor, and I have a large parcel of land listed - 142 Acres. It's listed for just over $5,000/acre - which is a GREAT price around here for the acreage, but the size of the lot is much larger than most builders want, and seller doesn't want to parcel out.
I have been talking with a solar company - they want to buy a peice of this land (32 acres) for more than HALF the listing price. I have a contract from the solar company ready to sign - seller does not want to sell to them because of the hassel of parceling.
So - is there a way to get funding for the entire parcel, knowing that this offer is on the table?
I have one call out to a company that deals with vacant land type situations - but figured I would ask all of you here, too.
The land is in one of the best school districts in the area, and I am sure I could parcel out the remaining land for 10 acres parcels, or even leave the 100 for a developer to scoop up. With the solar company in the wings, I could sell the rest for a nice proffit, and have it still be a GREAT deal for the developer.
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what will 10 acre lots sell for?
how close to Public Water Sewer storm is the parcel ( to allow for housing track)
whats the zoning?
are residential uses compatible with a solar farm ? @Barry Ruby ??
- Jay Hinrichs
- Podcast Guest on Show #222
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