Really debating if i should buy this (LOT) for sale by owner

Really debating if i should buy this (LOT) for sale by owner

Developer · Greenville, SC · Member since 2020 · 10 posts · 3 votes

Hey BP Family,

Lot land: 5,329 sqft

Price: $25k

I saw this Land for sale by owner in my neighborhood located in Greer, SC, 7min walking distance to Downtown Greer, Across the street from the LOT the city approved a plan for nearly 400 rental units on old victor mill plant site this will change the whole look of Downtown Greer. I'm really thinking about purchase the LOT and building a single family home 3bedroom/2baths. What do you guys think ? should I go for it or ?

Thank you, 

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  • Investor · Tampa, FL · Member since 2015 · 184 posts · 83 votes
    5y

    Check to see if and what can be built on a lot that small as that will greatly affect its value.

  • Developer · Greenville, SC · Member since 2020 · 10 posts · 3 votes
    5y

    Thank you for your reply @Scott Morris, I did some research and there used to be a 2bedroom/1bathroom built on that lot but the house caught on fire and never got built back up.

  • Investor · Tampa, FL · Member since 2015 · 184 posts · 83 votes
    5y

    That might have been grandfathered in so might not be able to replace it.  Also, there probably are size restrictions (how big/small a new build could be).  Best to call the county and ask. 

  • Developer · Greenville, SC · Member since 2020 · 10 posts · 3 votes
    5y

    Thank you @Scott Morris Definitely will do that! 

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