Innovative Strategies
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Brainstorming creative ideas for vacant land!
Hi All,
I'm looking at a piece of vacant land that I could get an extremely good price on. It's small, around 3 or 4k square ft, but enough to build on. The flip side is that it is boarded by other single family owners as well as a city owned walking trail. This essentially means that the property has NO access.
Positives-
Amazing Location!
Popular Walking/biking trail
Walkable neighborhood close to a school
Negative-
No vehicle access, requires easement
No utility access without permission to bore underground from neighbors.
I would love to hear your ideas! Should we build a single family? Duplex? Tiny homes? Manufactured new build?
Open to any and all ideas, Thanks!
@Kobe McDaniel You'd probably have to look into getting access to the land, if you plan to go residential. Definitely look into the easement as well as the utility access and permission to bore underground from neighbors. It's probably going at a good price for that exact reason.
Another option would to opt not using it as residential. Other uses could be for advertising billboard signs, if in a good location with enough visibility.
Hope that helps!
Definitely easement would be your biggest concern. Even if you want to approach it the way Rachel mentioned (which is brilliant) the construction of billboard will require workers to gain access. You could pay the neighbors for a right of way through their property line and have it recorded with the city.
The other thing you can do is call the neighbors and sell the lot to them for a fee. Make it into a wholesale deal. I know I would snag up a parcel to extend my backyard if it were feasible!
Curious to see what others have to say on this as well
- Rental Property Investor
- Clarkston, GA
- 1,914
- Votes |
- 2,040
- Posts
Call the building/zoning dept of that county. Give the lot number/plot ID. That plot of land may be vacant due to zoning. IE new zoning needs 2x, 3x more land to build thus its orphaned. Most state/counties guarrantee access to land so the easement is a given but has to be granted through some county action. IE neighbors (in most areas) can't block access. The county is where youll learn what is possible and why its still vacant.
Quote from @Rachel H.:
@Kobe McDaniel You'd probably have to look into getting access to the land, if you plan to go residential. Definitely look into the easement as well as the utility access and permission to bore underground from neighbors. It's probably going at a good price for that exact reason.
Another option would to opt not using it as residential. Other uses could be for advertising billboard signs, if in a good location with enough visibility.
Hope that helps!
Quote from @Curt Smith:
Most state/counties guarrantee access to land so the easement is a given but has to be granted through some county action. IE neighbors (in most areas) can't block access.
@Curt Smith is this true? If it is, it is actually a game changer. I'll be calling my city first thing