Inherited Land in Pearce-Sunsites Arizona

[Frank Fazzino]

Hi BP,

I'm new to the site and looking for some advice. I inherited a 1-acre plot of land in Sunsites AZ but I am from New York and have no idea about the area. From what I can see from Google maps, there is not much around. That being said, here is what I feel my options are:

1. Hold on to the land - Property taxes are about $50 a year and who knows if someone will develop out there in the future.

2. Sell it - Based on other land selling in the area, it's worth about 10k. Use the money to find another investment.

3. Put a Mobile or modular home on the property and see if I can get some rental income

4. Start a vineyard? - I see some other agriculture in the area (Pistachios, apples, vineyards). That seems to be a trendy thing to do. :-)

 I can see that the area is historic and picturesque and may have some interest to nature lovers. Does anyone have any creative ways turn this inherited land into an investment? Thanks

[Frank Fazzino]

Thanks everyone. I was looking to make the most of what I got but I thinking there's not much there. The property was purchased back in the 50' with the intention that the area would someday be developed but if it hasn't happened in 60 years it probably won't happen in my lifetime.