There is a piece of land that onces had a gas station on it. The gas station has been removed and now it is just undeveloped. It is approaching 18 months and still no developer in sight. Are gas stations zoning laws and the cleanup to blame? This property is near many schools and sports leagues. I see it as a great spot for a Quad and sports facility. How can I approach developers to discuss possibilities? I am thinking of group funding a partnership or straightforward purchase .
@Account Closed yes gas stations have underground tanks that if left abandoned for long enough can leak and contaminate the ground which gets expensive fast. If there are any other vacant lots of similar size it is likely they would be developed first. Also this may depend on how strict your state/ locality is on these type of things.
Usually when gas stations close, States have regulations about removing tanks and clean-up. If this is an older station, then the buyer would have to assume remediation. For any commercial properties, I order a Phase One environmental report, which summarizes what has occurred on the property. They often recommend a phase two environmental report, which takes soil samples. Anyway, such an environmental company can guide you. Often "dirty" sites are abandoned or can be bought cheap.
Perhaps you should research the owner of this land and contact him...