Inheriting 4 acres of commercial land in a town of 5 thousand inhabitants, what should I develop on it?
- Town is in between a town of 20 thousand (10 min drive) and a town of 90 thousand (22 min drive)

- Residents are a little more affluent than in neighboring cities (Median income is $87k &amp; home price is $440k)

- Local industry includes 2 restaurants, 1 movie theater, 1 gas station, 1 manual car wash, 1 small grocery, etc.

- Town is located 5 min drive to a state park with access to a lake/boating

- There is no freeway exit directly into the town (there is an entrance in the town above and the town below)
[{"id": "ixf5hn3", "text": "You can never go wrong by holding. If the towns are growing so will your profits.", "replies": [], "depth": 1}, {"id": "ixfopxb", "text": "Boat/RV storage or nothing.\n\nhttps://www.wsj.com/articles/housing-shortage-reflects-the-cheap-cost-of-holding-vacant-land-11669069202", "replies": [{"id": "ixqegrg", "text": "This is a great article - thank you", "replies": [], "depth": 2}], "depth": 1}, {"id": "ixfs5e4", "text": "Multi family", "replies": [], "depth": 1}, {"id": "ixfzdsi", "text": "RV Park or single tenant asset", "replies": [], "depth": 1}, {"id": "ixgmxm2", "text": "Marijuana warehouses.", "replies": [], "depth": 1}, {"id": "ixh5xht", "text": "&gt;what should I develop  \n&gt;  \n&gt;Residents are a little more affluent\n\nWhatever use that doesn't get derailed during public comment session at your planning board hearing, lol.\n\nI'd do a needs assessment to see what amenity your town needs (looks like the answer is 'any and all') that addresses a present or untapped demand that can't be met elsewhere or is better met locally than driving 20 minutes. At 5k residents, you shouldn't be putting in a lot of money into developing the land when the potential total gross receipts may not be enough to sustain a business. Otherwise, just hold.", "replies": [], "depth": 1}, {"id": "ixh63fi", "text": "Nothing speculative.  The density is too low to put out capital on spec.  I\u2019d talk to a broker who might have a better sense of what demand is and potentially market to a target audience as a ground lease opportunity.", "replies": [], "depth": 1}, {"id": "ixh6d5u", "text": "Data center", "replies": [{"id": "ixh8bz1", "text": "Lol what makes you say that?", "replies": [{"id": "ixhgnqa", "text": "SBF told me it was a good idea", "replies": [{"id": "ixhxvfs", "text": "Lolz", "replies": [], "depth": 4}, {"id": "ixib5tv", "text": "I was going to downvote your first data center comment then I read this one and laughed. You get an upvote here and I\u2019ll leave my itchy trigger finger alone on that potential downvote. Thanks for the laugh.", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "ixhmw8j", "text": "Giant skate park", "replies": [], "depth": 1}, {"id": "ixhr501", "text": "What does the commercial zoning district say are allowed uses?  With the cost of construction it might be wise to hold and or shop it to national type chains.", "replies": [{"id": "ixkahvm", "text": "This is the best answer. Just see what is allowed by the zoning. Outside storage, etc. Lease to one of those tenants.", "replies": [{"id": "ixqeygj", "text": "I had to look into this\u2026 it\u2019s zoned as \u2018neighborhood commercial\u2019. It\u2019s on the town\u2019s main road, near most of the commercial buildings. Technically multi-family housing can be built, however it cannot be clustered together and there are existing  residential units on one side.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "ixi7h83", "text": "Subdivide and sell off lots.", "replies": [], "depth": 1}, {"id": "ixi8t2s", "text": "Look at long term leases to McDonald\u2019s or dollar store and then sell the rest in 1-5 years.", "replies": [], "depth": 1}, {"id": "ixj4txd", "text": "What dollar stores are around?  Build one of those and then use the rest for storage.", "replies": [], "depth": 1}, {"id": "ixj7lmu", "text": "Full nude strip club. Incredible margins.", "replies": [], "depth": 1}, {"id": "ixm97vo", "text": "Walmart", "replies": [], "depth": 1}]