Analyzing Vacant Lots within Opportunity zones
Hello BP community,
I have been in negotiations with an owner of some 2 adjacent lots within an opportunity zone area. I wanted to know since I have never done development of land; what do you as a developer look for when analyzing vacant lots? How much particularly are you paying to for soft cost just to get such a project going? Who should be your go to person to get the ball rolling on such a project? How much per buildable sq ft should I be considering to pay? I know I am missing a lot of other vital information that needs to be considered so I am reaching out in hopes of hearing from seasoned investors and learning more about vacant lot development. Thanks in advance for any responses I get.