If it is "single family" zoned (ironic quotes) and in an area of similar,   it could make more sense to invest the work in it.In my case I sold the duplex in georgetown  (exactly 10 years to the day after purchasing it) to a townhouse developer who owned an adjacent lot,   making my lot worth more to them than other developers.   

If your project returns pencil out against land and development costs, move ahead. 

Well it has been sold to a developer who intends to build either 138 new single family homes, or up to 390 apartment units.

Evergrande, a Chinese company that is largely associated with real estate development holds $300 billion in debt that cannot be paid off. 

I have approximately $200,000 to develop and build a home (can finance the remainder).The downside is that this is not the site of our dream home.

Then send a good handyman through the unit to develop your own list...I'd bet there are plenty of unnecessary items on her list....Look at the existing lease and see what your responsibilities are, then draw up your own contract with them.Frankly I would be turned off if a tenant came up with a list of 'demands' to a new owner....

@Joshua SunIt Takes What It Takes by Trevor Moawad is great development book.

I was wondering and needing some tips on what i could possibly develop on it but I’m not sure if it’s enough space to maybe do a few retail shops or a small strip center with enough parking.

As a research and development area, there is ample opportunity for long term corporate rentals.

I've also looked at places in PLG/Prospect Park South, where the new buildings are way nicer but the area itself seems less developed.