Hi BP community, I came across a pretty interesting opportunity that I am looking for some guidance on from someone experienced in this area.
in short, there is tremendous urban sprawl happening right now in West Palm Beach, and there is a particular piece of property on a main road that will increase in value 2x in the next 10 years. It is a 10-acre plot and the owner is willing to roll the equity into the deal for the development of something that generates cash.
My first thought was a self storage facility which we could always use here in South Florida, and the second was a car wash. The problem is there are two brand new ones both within a mile and a half of this piece of property. That said, I still think there are other great opportunities as far as what to build on the property to generate cash flow while the property value increases over the next decade.
I'm looking for help and guidance from someone who might have done something similar.
