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10 Acres of raw land. What to do?

Posted on 8/24/24 at 9:32 am
Posted by LSUOFFSHORE
Madisonville,LA
Member since Nov 2007
564 posts
Posted on 8/24/24 at 9:32 am
Sitting on 10 acres of raw land in northern R-Kansas. 5 on each side of a residential road across from each other. 5 backs the Arkansas Grand Canyon. Debating what I should do with it for the largest long term ROI.

- Sit on it, I don’t need to sell
- Break it into 1 acre sections and sell each and invest the proceeds.
- sell all of it together and invest the proceeds.
- break 1 acre out and build a small log cabin and sell or ST rent. Take the profit and repeat the process.

Opinions?
Posted by GREENHEAD22
Member since Nov 2009
20526 posts
Posted on 8/24/24 at 10:36 am to
Build a vacation home on for you and the family.
Posted by LSUOFFSHORE
Madisonville,LA
Member since Nov 2007
564 posts
Posted on 8/24/24 at 10:39 am to
quote:

Build a vacation home on for you and the family.


I would like to keep 1 acre on the side with a view for this exact thing.
Posted by GREENHEAD22
Member since Nov 2009
20526 posts
Posted on 8/24/24 at 11:09 am to
frick having 9 other neighbors, vacation and neighborhood is the opposite of what I would want but each their own.

I am not a fan of people though.
Posted by Ostrich
Alexandria, VA
Member since Nov 2011
10145 posts
Posted on 8/24/24 at 1:19 pm to
quote:

5 on each side of a residential road across from each other. 5 backs the Arkansas Grand Canyon. Debating what I should do with it for the largest long term ROI.


trailer park
Posted by PJinAtl
Atlanta
Member since Nov 2007
13997 posts
Posted on 8/24/24 at 3:46 pm to
Keep the 5 acres that back to the canyon.

Sell the 5 acres across the street either as one parcel or 5 one acre lots.

Use the proceeds from the sale to build a nice vacation home on the land you keep. Rent it as short term rental if you want the extra cash.
Posted by bad93ex
Walnut Cove
Member since Sep 2018
34153 posts
Posted on 8/24/24 at 4:17 pm to
Grow some hemp
Posted by Al Opecia
Member since Sep 2022
495 posts
Posted on 8/24/24 at 9:04 pm to
vegetable garden
Posted by RollTide4Ever
Nashville
Member since Nov 2006
19623 posts
Posted on 8/25/24 at 11:55 am to
Lease to farming.
Posted by pioneerbasketball
Team Bunchie
Member since Oct 2005
139098 posts
Posted on 8/25/24 at 10:14 pm to
Location?

Asking for a friend.
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