How would you approach a a builder to lease them out your land ?

Question

The land is in a shape of a triangle I will attach image below and it is a total of 124,502sqft

The issue there is power lines running on it towards the south part of the land (See images)

With that said I am trying to figure out what I can do on this land I was thinking limited restaurants like rent it out to food trucks maybe 8-10 food trucks but the city is still going through the process of approving that. It should be finalized here in the next year, why leasing ladn out to food trucks? Because all I would have to do is pave a square on it for the food trucks, low maintenance with good cashflow.

Would you guys recommend any other ideas ? Below is the link that tells you all you can build on it section

Table 11-6-2: Commercial Districts, check the codes above 11-6-2 looks the my best bet is category P which is keep in mind my goal is to come out of pocket the least possible, maybe lease it out to a coffee shop or something ?

https://library.municode.com/a...

Nik Moushon · Answer

It called a utility easement. You can't build anything on a utility easement. Maybe a tiny shed or something similar but no full size buildings.

Even if you could, I doubt you would get the parking requirements. This is a hard pass on being worth the development cost.

Joel Owens · Answer

That land is very narrow. You have the constraints of the land, the county or city development guidelines, and what a potential tenant desires for their ideal layout.

Premium tenants tend to say no thanks to weird shaped sites unless it is an amazing area with nothing else available. Then they might consider and try to make it work with their engineer and alternative layouts. Eventually they will still want to move to a more normal layout and configuration when the market allows it to.

Some land the juice just isn't worth the squeeze for anticipated returns.

How would you approach a a builder to lease them out your land ?

2 Replies