Wholesaling a House That Is Zoned As Medium Density

[Belinda D.]

Hello BP family,

There is an owner who wants to sell his property as a tear down. He had a few offers, but the potential purchasers changed their minds because the City will not allow a new house to be built on the lot. The City has zoned the subject property and the other properties on that block as "medium density" town houses or apartment buildings.

The City prefers someone to purchase the block as consolidation of land ownership/land assembly.

The other owners on that block are not selling at this time, just the owner of the subject property.

Should I try to lock up the subject property and wholesale it to a developer who will later purchase the whole block for future development?

Thanks for your input.