land investment
i am new to land investing and have found a parcel of land that i am undecided on. The area is close within 2 miles of my home town Which i currently live. The area is a rural area in that is slowly but surely being developed. The parcel that is mentioned is 8 acres and located aside a new development that has Been completed. The asking price is 10k. With an annual tax of $112. The only problem i have run into is that the land was previously zoned residential bit now is zoned open space. I would greatly appreciate anybodys insight on this matter or previous experience on open space zoned land.