Real Estate

[kevin_standlee]

The vacant lot next to Fernley House has a new For Sale sign on it. I inquired about the price. "$105,000."

"What!"

"It's industrial, with water and sewer hookups."

"I know; I live in the house right next to it. Okay, thanks."

I might give $10,500 for the 150 x 150 foot lot, but not ten times that much. I guess I should be happy that it's so overpriced. I think it highly unlikely that anyone would buy an undeveloped lot (even with water/sewer in place) with houses on three sides of it, even if it is zoned industrial. There are much better pieces of actual industrial land in this city, without annoying neighbors.

Comments

[rono-60103.livejournal.com]

Yea, I don't the that having something industrial go up next to you is going to end up like the people who build next to the hog farm and then complain about the smell. (Or, to move my references back to Chicago - those who build/buy on the established flight path for a major airport and complain about the noise).

However, is there even a practical industrial use for such a small space? Commercial - including dirty commercial like auto repair - might work, but industrial usually likes more space I thought.

[scott-sanford.livejournal.com]

In Portland Oregon part of an old train yard was removed to make room for expensive condominiums. People were apparently surprised that trains still used that big train station next door; I never heard of anyone who was sympathetic.

Being in place when a nuisance neighbor arrives is one thing; moving in next to the noisy thing and then complaining is quite another.

[kevin-standlee.livejournal.com]

We're having difficulty thinking of a use for a space 150 x 150 feet. Lisa also thinks that an auto shop of some sort would work; however, there's another auto shop one block away, and Fernley seems sufficiently well stocked with such things. A machine shop is possible, but there's already one nearby, and not a lot of demand for more.

We don't mind the Celite plant down the street, but I'd be dismayed by someone building messy right next door to us. The reason we'd want to buy it is to keep it from being developed, or maybe to build a large garage in it in which our high-clearance vehicles (Lisa's van and my RV) could be parked under cover.