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Undeveloped land for sale.

Finding The Potential in Undeveloped Land for Sale

By Colby Goetz
September 19, 2017
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Considering buying a piece of undeveloped land for sale? With a little creative thinking, there is endless potential in empty pieces of property. Don’t feel limited by merely commercial or residential property. There are countless creative possibilities that may involve less of an initial investment, but still have huge revenue potential. Here are a few ideas to get you inspired:

 

Consider the recreational potential of undeveloped land for sale.

Would the neighborhood benefit from a new park or community sports complex? Consider paving hiking or biking trails. Build boat ramp & facilities if you have access to water. Community recreation facilities can be a great investment because they raise the value of every property in the vicinity.

Consider environmentally conscious power.

Utilize your undeveloped land as a wind or solar power complex. Often, power companies will simply lease the land from you and install and maintain the turbines and solar panels themselves. You can contribute to renewable energy in your community, and make money every month with very little hands-on effort.

Think community enrichment.

Look around and see what your community needs. Is there an urban food desert? Fund an organic farm or community garden. Need more resources and activities for families? Consider building a community playground, an RV park, or a dog park on your undeveloped land. Or even donate the land as a natural preserve. All of these possibilities would creatively enrich your community.

Think attractions.

Build a drive-in movie theater, or a trendy, upscale “glampground.” Live in a region that enjoys local bands? Try an outdoor concert and event venue. Ideas like these can add value to an entire community. These kinds of attractions are especially valuable in an area where there are a lot of weddings and few venues. Top-notch community attractions bring revenue not only to your pockets, but to the city itself.

Use your imagination.

Undeveloped land has spectacular potential; the only limit are your ideas and creativity. Brainstorm with your best people, recognize what the community is missing, and find a way to meet that need.

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