Developers and interim owners have for decades retained these rights when selling the rest of the real estate in case oil is ever struck a la Beverly Hillbillys.

I too got caught up with a very Rich Taiwanese investor and a RE developer in the states..

Still developing. 

Then we went and developed langue followed closely by abstract thought and it’s off to the races.

So I think moving the lot lines so the house and 2nd lot can be sold separately or even developed and also doing a moderate level renovation could really increase the value of this property overall. 

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Hey Joshua,I'm currently in the throws of a development project in Brooklyn, and the $300 a sf model is a little light, especially if you plan on decent finishes. 

Flipping and other value adds is where the experienced investors are or if they are holding it likely is a development effort (such as adding a dozen ADUs).Good luck

My developer buddy in Denver told me 'Rubin Brown.'

I would assume that you'd just simply sell each individual lot to the developer at a set lot price such that your cost to purchase the raw land and improve it to buildable lots was worth the proposed profit per lot.