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

[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.