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I have a piece of land 10,000 ft in a beach town. What should I do with it? (alien.top)

submitted 2 years ago by Most_Scar1671@alien.top to c/entrepreneur@indiehackers.space

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I recently bought this piece on a discount in a small beach town. I wanted to buy it as an investment asset and the easiest thing would be to resell it. Here're a few more details:

- It's not in the central part of the town but in the suburb area where people are actively building vacation homes, bungalows etc

-The area where it's located is currently being developed including proper road, and communications

-The current state of the land is overgrown grass and bushes.

Here are my first steps:

Obtain the documents - waiting for the proper legal body to issue my ownership documents
The actual land size is 20k ft and I need to split it with the the wife of the previous owner ( will hire a lawyer)
After I pass these legal hurdles I see a 2 options:

Clean the land, make it presentable and sell it as a place to build a beach house ( land prices would be a few times higher than what I had bought it for so I can make a nice profit)
Clean the land, add a small home and rent it out

I don't really see other viable ideas but I'm happy to hear you out

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[–] Nextgoal97@alien.top 1 points 2 years ago

I'm not an entrepreneur myself but camper are a huge thing nowadays. I would consider to transform it in a camping spot for tents/campers. Must invest a little to have decent toilets, electricity (maybe put solar panels on your toilets) and clean water which if you are in Europe shouldn't be that difficult to achieve. I give you a link for a video of a person who did it for a national park: https://youtu.be/1pgeUWAyUDE?si=-m3CC9kLwMlxGehJ

P. S. I'm not the author and I'm not promoting anything or anyone, it's just that I think that this woman does great content. Hope you like it too :)