Getting the most yield per square foot
Hello BP'ers. I have an opportunity to purchase a small lot (130x115) on a major thoroughfare in my area on great terms. The lot is currently zoned residential however all adjacent property has been rezoned light industrial / commercial. The property wouldn't support a new residence and the old house is a tear down. I'm trying to determine though what the best option would be for developing this property and gaining the most yield out of the property.
We've had a huge influx of family dollar / Dollar general's going up in the area and it could be a good location for one. My other thoughst would be steel warehouse / workshop space, or self storage. Another option that I'm kicking around is self serve boat / RV parking as the area is close to residential areas. Anyone advice and opinions would be greatly appreciated.
Thanks
Rob