Buying an OTC Tax Lien on a Parking Lot
Hello All, I am looking into possibly buying an over the counter tax lien property from the county. The parcel is for a partial parking lot for a "big name" national bank. The bank parcel adjacent to this lot is a (mostly) drive through location, but per the sign on the front door, they do have bankers onsite for walk in appointments also. They have a total of 9 parking spaces, of which this particular tax lien parcel would cover about 3.5 regular and 0.5 disabled parking spots (see photo attached). In addition, one of the main (there are a total of 3 possible) parking lot entrance / exit points is included in this parcel also. Would any of you say that this is a worthy purchase from the standpoint of trying to sell it back to the bank? It's worth noting that property has been deed eligible for for some time now, as the original tax sale was held back in 2013.
Click on image below to see approximate parcel boundary lines.