Empty City Lots

[Trevor Ewen]

I would like to hear from investors who have bought empty lots in an urban area, or just outside an urban area. I am interested from two perspectives:

1) Buying to sell as a lot. Essentially a longterm 'lot flip' based on the growth of the area or a neighborhood.

2) Buying to build. Building a new development on the site.

Interested in hearing from anyone with experience. Bonus points if you have done this in any of the following metro areas:

Philadelphia, Pittsburgh, Louisville, Chicago, Richmond, Hartford/Central Connecticut