Analyzing Vacant Lots within Opportunity zones

[Linda Govan]

Hello BP community,

I have been in negotiations with an owner of some 2 adjacent lots within an opportunity zone area.  I wanted to know since I have never done development of land; what do you as a developer look for when analyzing vacant lots?  How much particularly are you paying to for soft cost just to get such a project going?  Who should be your go to person to get the ball rolling on such a project?  How much per buildable sq ft should I be considering to pay?  I know I am missing a lot of other vital information that needs to be considered so I am reaching out in hopes of hearing from seasoned investors and learning more about vacant lot development.  Thanks in advance for any responses I get.