First, thank you for the detailed response! Here are my thoughts/comments responding to your comments.
Regards to your subdivision ideas/options:
* I am envisioning this property using your "a" idea. My thought is
to put in a bunch of duplexes since my city comprehensive future plan mentions more multi-family affordable housing.
* I don't know what you mean by "double access entry ways" (in your "b" idea). The lot isn't square, it is more 2:1 rectangular. So, if you mean to have a road running up each side and no "interior" roads I think I could manage that. There is already a 1/2 road on one side and a road easement on the other side.
* Your "c" idea is my fallback plan. I might just get it all platted and cost calculated out. Then approach local builders to sell off lots to. We are in such a crunch for housing here I don't think this would leave me hanging.
From my current research:
* The water main goes right in front of the property, and has multiple hydrants. (And on my side of the road.)
* The sewer is on the other side of the street but does run along the side of the property. However, due to my researching it appears some sewer department services (an uplift station) will need to be upgraded. (I can't imagine that will be cheap.)
* I live in a desert (high desert) so we don't have excessive storms. I don't think I'll need drainage captions ponds. Who would I ask that of?
* Power and Internet are running across the front of the property.
* There is a full road across the front, and a 1/2 road along the side. (The 1/2 road will need to be completed by me, should I get the land.)
All that said, My concern is that my $200,000'ish funds for development might not make it! Even if I do phases (build out close to where the utilities are now then repeat) I'm worried of running out of money. Any thoughts on how to ensure I don't end up there?