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297
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Jamie Parker
  • Real Estate Investor
  • Memphis, TN
98
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297
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Is a rezone required If availability study can support more density

Jamie Parker
  • Real Estate Investor
  • Memphis, TN
Posted

Just went under contract for a property. Seller is selling a portion of a 20 acre lot that has not been parceled yet. Under the current zoning (parcel viewer) the lot is zoned for 1 single family ever 40,000 square feet. I requested the water and sewer maps from metro, but this time it was different than usual. Maps redirected me to availability for a study to see if the current infrastructure can support further development. So obviously i will have to wait till Monday or Tuesday to hear back. I guess my question is, what happens if infrastructure availability is favorable? Level it as is or just wholesale it to a developer for them to work out all that? My goal is to provide as much value to the developer as possible by doing as much research as I can. 

Any thoughts. 

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