I’ve started searching for property I can build a small warehouse on. I currently have a 5,500 sf warehouse on 1/2 acre in a downtown area an hour from home that I got 8 years ago as a foreclosure. The neighbourhood isn’t the best and it’s a bit far to get to but got it cheap. Found some lots of 2-4 acres in the $100-200K range at an industrial park in a rural area 30 miles from the Washington DC area. (Anything near my area would cost 10 times as much.) They would be on well water and septic which is approved.
The smaller lots can have a 7,500 sf building which is pretty small compared to the lot size. Is it likely that if and when water and sewer becomes available, much larger building sizes would permitted and the value of the land would increase significantly? I wouldn’t be buying for investment but to use now, but that seems to be a great side benefit. Probably could even subdivide when that happens.