Do you own a paving company?

(Sewer access, water lines, pave a roadway etc) I’m assuming I’ll be going to the town as well for permits and approvals, any other steps there I should take to make this happen?

so your digging trench's and laying sewer and water pipes.. installing manholes and fire hydrants.. and doing your own paving etc.. that would be something. 

Value-add so far has been on the collection of rent side and improving the overall quality of the property via professional management, parking lot re-surfacing/paving, major overall clean-up/painting and a near-100% turnover in tenancy.

It is a 7.8 acre property with 41 spaces, paved roads, individual lot sewer, power, and water hookups.  

A major subdivision has crossed my mind but my county requires a VDOT approved paved road.

Because you have the asphalt paving there will save you some money. 

@Drew Bell @Jay Hinrichs Touched on a topic that will determine how flexible your strategy can be, If there are utilities in place like sewer, electrical, and paved main roads.

Need to consider dirt work, paving, architectural fees, engineering fees, permit fees, and potentials soft construction costs like trah and toilet, etc.

I didnt screen my first tenant , it has been a nightmare since 1988 , they pay the rent on time , they have raised the rent when I didnt ask , they had the driveway paved , they have repainted the whole inside of the house a couple times , they have been there 30 years .