Title policy is good, you might try some other things… - Posted by David Krulac
Posted by David Krulac on April 26, 2000 at 16:12:12:
Smaller parcels do tend to sell for more per acre than larger parcels, even residential. A one acre homesite might sell for $30,000, while a 10 acre homesite will sell for $100,000, One is at $30,000 an acre and one is at $10,000 in the same developemnt/subdivision created at the same time by the same owner.
Perhaps you can benefit from the higher per acre prices of smaller acreage by subdividing your self. Since it is zoned two different zonings maybe potential buyers are only interested in one zoning.
Does the land have public water, sewer, and other utilites? Is there sewer capacity? What is the traffic count? some businesses require certain traffic counts and highway visibility. How about leasing the land to a builder/developer for whatever is the highest and best use. For example if office building is the highest and best use and you don’t want or can’t build one yourself, why not lease the land and get land rent for the next 99 years.
What about some short term use such as mini storage units until the growth catches up to you. A used car lot or mobile home sales lot are other good short term uses. be creative as you can. good luck
I still recommend a competent appraisel like MAI.