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how much are vacant lots sold for?

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amylilia

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June 06 - Yuma
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Michael Russell, "real estate mike"

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Where and what kind of lots? The comps for commercial, light retail, and residential can be very different indeed. Reo lots in unfinished subdivisions carry a much different value than the last lot in an upscale neighborhood.
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June 06
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Phil Powell, "PhilPowell1"

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This all depends on the size and area as well as the current zoning where the lot is located.  Obviously lots with commercial or multi-family zoning will sell for more than those in single-family areas.  It also depends on the proximity to utilities.  Vacant lots with utilities and meters connected will also sell for more than those that need utilities brought in. The lot could be inexpensive to buy, but if utilities are not located close by, the total cost to develop the land could be very expensive!
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June 06
 

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