cwrm4 Posted January 3, 2008 Posted January 3, 2008 Does anyone have any hard real data on recent sold prices of land (zoned commercial) along the Washington corridor? Property in question is actually a couple blocks north of Washington Ave, just off Shepherd. Block has Shepherd frontage but the lot does not. Quote
jdbaker Posted January 3, 2008 Posted January 3, 2008 (edited) Does anyone have any hard real data on recent sold prices of land (zoned commercial) along the Washington corridor? Property in question is actually a couple blocks north of Washington Ave, just off Shepherd. Block has Shepherd frontage but the lot does not.I have hard data, but can't disclose the comps. It should sell for approximately $30-$35 psf. Edited January 3, 2008 by jdbaker Quote
cwrm4 Posted January 3, 2008 Author Posted January 3, 2008 Thanks for confirmation. I was using $35 psf. Just looking at a business plan for an existing building and want to make sure the rent on the lease will be sufficient (incl. lot appreciation) to keep the landowner from booting them out a couple years from now and selling the lot at land value. (Before anyone asks, the building use will not be of any interest to the general public). Quote
jscarbor Posted January 3, 2008 Posted January 3, 2008 $30-40. Point of clarification I don't think anything is zoned commercial? No zoning. Quote
cwrm4 Posted January 3, 2008 Author Posted January 3, 2008 $30-40. Point of clarification I don't think anything is zoned commercial? No zoning.Ah yes...once again I forgot where I was living. I should have said "land best suited to commercial use". Quote
Boognish Posted January 4, 2008 Posted January 4, 2008 Around $40 per square foot for property with frontage along Washington Avenue. $30-$35 off Washington Avenue. Quote
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