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re: Quick, discount land buyers
Posted on 4/14/16 at 8:46 am to p0845330
Posted on 4/14/16 at 8:46 am to p0845330
Land values took a huge hit during the recession and have slowly been recovering. They are still the least desirable asset class, not including retail-zoned land with good access and visibility. The reason is, building new is still +/- 25% more expensive than buying an existing building. In this case, being a rural location, the "pool" of people who have a demand for your land is very shallow. Without knowing the location it's tough to say, but if you're trying to sell this quickly, I'd guess you need to be priced below $1.00/SF. My two cents...
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