The Low-Risk Way to Develop Land
Ever drive down the road and notice a new business and think, “Wow, what a great idea?” Well, that could have been YOUR IDEA. Don’t let opportunities like this pass you by. I’ll teach you everything you need to know about developing “pad sites.”
I want to talk to you right now about small site development, what we typically call “pad sites.”
Maybe you've been driving around your community and you've noticed, “Boy, I really wish there was a bank close” or “I'm starving and I need to get a sandwich” or “I'm almost out of gas and there's no gas station.” Well, let me tell you, if you're thinking it, you're certainly not the only one.
This is your opportunity to take a look and see what sites are available.
In many cases, what you're dealing with are sites that used to be something else, but your mind doesn't let you see it because there's already a building there. If you close your eyes and scrape that site, oftentimes you'll be able to see what could be.
Have you ever driven down the street that you haven't on in a while and you see a new building there? You're like, “Wow, what a great idea.” You should have done that. Keep your eyes open when you're driving in neighborhoods because these small infill sites create millions of dollars and have very little for you to do.
All you have to do is do the entitlement and the users will come if the demand is in the area.
