Buy land with prospect of commercial or outdoor advertising?
I've found a land lot in my local Oklahoma City market for about $15k. It's currently zoned residential, but it is a corner lot on a major street, and there are plenty of commercial properties up and down on both sides already that I think I could have good shot at getting it rezoned.
Assuming I can get it rezoned as commercial, what should I do? My initial thought would be to have a billboard placed and make money via outdoor advertising. Or I could try and resell the property to an major outdoor advertising company, since that's not my business in the first place.
Or I can hold it, and see how time treats the area. The area of town is older, and the commercial properties are a bit aged.
Thoughts? This is my first question regarding Commercial property so I'm all ears.