What to do with excess land?
We recently acquired a home that sits on a 5-acre lot. We can easily rent out the house but don't know what the best use of the land would be. It is zoned A-20 or agriculture medium scale. Upon talking with the county, we can only use the land for ag-related purposes. My question to the BP community is, besides leasing out the land to a farmer or growing crops myself, what other ag-related business can I operate that would generate income? The property is situated close to the city so it's not in a rural area and it in a close proximity to a major highway, if that helps.
My current thought is to build a warehouse building and lease it out, but I'm not sure what kind of ROI I will get.
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Real Estate Agent CA (#02014485)
- Coldwell Banker Realty
- http://jeetsangha.com
Hello Jeet, I am not an expert on this topic but I have some thoughts. First, I have seen land zoned agricultural used for a lot of different purposes with a special use permit. For instance there is a gas station that I was looking at buying (but didn't) that was zoned ag but with a special use permit so maybe that is an option for whatever you want to do. Second, if you could make an argument for self storage being related to agriculture this sounds like a great use of the property. My only other thought is that maybe you could put in a couple of glamp sites that might comply with the land usage and generate a lot of additional income for the property.
Hey Jacob, unfortunately, this location will not as a glamp site because it is next to other businesses. However, because of your idea, I started doing my research and came across drive-in movie theaters. There are none where I live, and I feel like this can be a niche market again. I still need to look further into it to see if it's even feasible but that's something I'm definitely considering.
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Real Estate Agent CA (#02014485)
- Coldwell Banker Realty
- http://jeetsangha.com
I had 5 acres on one my properties. I just used to shoot guns on it since there was nothing else around. I know people use it recreationally for hunting, shooting, dirt biking, stuff like that.
Try to get it rezoned to a higher use , then decide
Quote from @Daniel Martinez:My property is right next to the city limits so I doubt I can use it ad a shooting range, perhaps as an archery range 🤔
I had 5 acres on one my properties. I just used to shoot guns on it since there was nothing else around. I know people use it recreationally for hunting, shooting, dirt biking, stuff like that.
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Real Estate Agent CA (#02014485)
- Coldwell Banker Realty
- http://jeetsangha.com