Does land zoned commerical/residential add value?
There are 2 parcels of land on the literal "Main Street" where I live that the owner has contacted me about off of a YL mailing. One is commercial and is essentially a parking "lot" at this point, the other is residential/commercial and has a SFH on it that he is renting out.
I know zippo about commercial property. I have some ideas about what this could be used for and I'm wondering if this dual type of zoning is a benefit or a hindrance . . . and whether it could allow me to offer more in terms of an offer than I would on a straight residential SFH flip or buy-and-hold.
Who out there have wholesaled a property like this and what would you recommend? Thanks in advance for your advice.