PA – PA Picks – Set Your Sites on Some Development Properties
October 28th, 2011 by Ori Klein
There’s nothing like a clean slate, even in the real estate business – an open lot with which to construct the next architectural masterpiece. So this week we’re taking a look at some prime development sites that are just waiting for the next skilled investor/builder to get busy.
Those looking for commercial property need to check out Tranzon’s 2.9 acre lot in Brunswick, Georgia. PA loves this pick for its strategic location – adjacent to Glynn Place Mall and zoned for a Planned Development Shopping Center, this spot has incredible visibility.
With asphalt parking and driveways already in place, this opportunity is sure to net the winning bidder an impressive rate of return on their investment. Auction date is November 15th.
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Interested in developing a rental property or maybe building your own vacation home? Then take a look at Fisher Auction Company’s 1.02 acre oceanfront development site in New Smyrna Beach, Florida. Situated less than an hour away from Orlando, we’re picking this property for its driver-friendly proximity to Florida’s infamous theme parks. With easy accessibility to major highways only minutes away, this desirable development lot makes for the ideal home-away-from-home vaca spot or a surefire money-making rental opportunity. (Did we mention that it’s oceanfront?!) Auction date is November 16th.