Whether you’re building your multifamily investment portfolio or adding to your commercial real estate holdings, buying commercial land can be an excellent move. It is a hands-off investment that can be appreciated over time, while also diversifying your property portfolio and providing income-generating opportunities. However, as with any investment opportunity, it’s important to know how to approach a purchase of this type.
To make a successful commercial land purchase, you’ll need to line up your finances and work with a team of trusted industry professionals. These may include a commercial brokerage, a broker who specializes in We buy commercial land, a commercial real estate attorney, and a mortgage broker.
Additionally, it’s important to consider the topography of the land and if utilities will be readily available. Oftentimes, the more remote and less-populated the area is, the lower the cost of the land will be. If you’re not ready to develop the commercial land right away, consider other income-generating options like leasing it to hunters or farmers. In the long run, this can help offset the cost of waiting to sell or build upon the land.
Contributing to sustainability by responsibly repurposing unused land.
Is there a market for unwanted land?
Discovering the untapped potential of seemingly undesirable properties.
How long does the process take?
Unraveling the timeline from assessment to transaction completion.
Are there restrictions on the type of land accepted?
Understanding the diversity of unwanted land types that find buyers.