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Originally Posted by L-Pink
The "key word" is university. Downtowns come and go, most always have shitty areas, most adults want single family ......
Universities are in their own category, always are expanding, multi tenant/apt are the norm. You could also hold onto the land, and see what happens.
Building seems simple ... just like putting up a porn site ... it isn't.
Visit other cities and see what similar situated properties have really worked, building wise. If you can sneak in "multi-use or commercial/retail zoning near a university you have a gold mine.
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yeah I know its not simple or i'd get financing for the lot already.no use paying cash at this point. i know property in this town though, its a good location for students or people that work nearby in all the new business coming in, just got an office depot down the street opening last month.