All Forum Posts by: Steven A.

Hey guys first time poster here....

I own a 3 acre parcel with a small strip mall on it that is 4900 sq ft and is fully leased, its zoned B4, and in our area that is hi-way business.

Next to my property is a 24 acre parcel with B4 zoning that a developer wants to buy, his problem is it sits on the corner of 2 State hi ways, and the DOT wont let any developer have an entrance, its just to close to the traffic light, and a long time ago DOT bought easements, and other stuff.

This is where my problem starts, and where I need some advice.

Sellers want to sell the 24 acres, but anyone that buys it will need my land for access.

all the developers that want the corner want to give me 100K an acre for it, but dont want to give me anything for the building becuase they say there going to level it.

A commercial broker listed their 24 acres, but had them reduce their asking price by 500k telling them I was going to be hard to deal with because I wouldnt take 300k for my 3 acres with my building.

My property brings in 40k clear a year, but could be up to 60k if they develop next to me with something nice, plus I have room for another strip if I wanted and saw need

I own it free and clear, so I dont need to sell, but I cant see taking 300K.

Every broker and developer that comes by starts off with how bad things are, and how I should be glad to be getting anything.

Thoughts