should I buy the house with the land?

[Xiang L.]

Hello, I am interested in buying a small single family house in a decent neighborhood (average median house price around 450k), but the seller would want to sell the land (50x100) next to it together for an extra 100k to make a deal. hypothetically I can negotiate it a lower price for the land (any suggestion on how to determine the value for the land), what kind of investment can I make to turn the land into something profitable rather than just being wasted? given this is in the state of NY and the property tax ($1649 yearly for the land) is high...any suggestions/comments?