All Forum Posts by: L R Wadsworth
L R Wadsworth has started 9 posts and replied 23 times.
Post: Clueless in what to do with 6 vacant lots in a stagnate market

- Contractor
- Beech Island, SC
- Posts 23
- Votes 8
Originally posted by @Shaine Cobb:
Are the lots in Beech Island? I'm an agent in North Augusta and may know some folks that are interested...
I wish they were! I'd have no problem with the investors there. Unfortunately, they are in Wagener.
Post: Clueless in what to do with 6 vacant lots in a stagnate market

- Contractor
- Beech Island, SC
- Posts 23
- Votes 8
Originally posted by @Glenn R.:
Is the a Dollar General in town yet? If not, maybe you could sell to them.
Yes, the Dollar General AND Family Dollar are in town. The folks there are loving their options with the shopping... Not to mention the two hardware stores.
Post: Clueless in what to do with 6 vacant lots in a stagnate market

- Contractor
- Beech Island, SC
- Posts 23
- Votes 8
I own (by inheritance) 2.25 acres in a small, one red light, South Carolina town. It's pretty much a midway point between two larger cities that are 30-45 mins in either direction. My land fronts one of the main roads and is close to everything the town has to offer; school, store, convenience stations, etc. It can be divided up into 6 lots and has the utilities paid on three of the lots that previously had mobile homes. My first thought on the property was to build spec homes since it is a older residential area, but nothing has sold recently to pull a reasonable comp. A realtor friend thought a spec home would do ok since the town has not seen new construction in recent history, or it could be a complete flop. I've talked to lenders on financing and no one is very excited about such projects in this area... I don't have a means of financing anything myself, so now I think I may be stuck with this property. It is in the best area for something, just not sure what and how to get it done. I'd hoped to make something of it be it residential or commercial, I'm in need of ideas please.