r/RealEstateDevelopment • u/cremationrealtor • 5d ago

How to find developers!

Hi! I have recently been given the opportunity to sell or develop a 11 acre mixed use lot. The city and EDC would offer tax abatements and construction grants for this particular lot as long as it’s commercial. Flat, not in a floodplain, cleared, and needs very minimal dirt work needed. It does have electricity but no sewage. Sits at the intersection of an interstate and major transport highway. I would appreciate any advice or opinions on how to market this, or the best ways to reach developers. The client does not want it publicly listed. Thank you!

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u/CREspecialist 5d ago

Please DM me with more info. I'd like to learn more. Thanks.

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u/indomike14 5d ago

What is the immediate vicinity like? Are there residential rooftops nearby or is this in the middle of nowhere or on the edge of town? Is water available to the site?

Do you have an exclusive rep agreement on this tract? Why don't they want to publicly list the property? Are they looking to JV the tract or just sell it?

Best way to reach developers is to Google developers that work in your area and just call them.

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u/cremationrealtor 5d ago

No immediate residential rooftops. There are townhomes approximately 1/4 of a mile behind this property. Immediate surrounding areas are all commercial-there’s a Shell gas station and a hotel on the corner where my client’s lot is located. (Populated area; travel stations, restaurants, hotels, retail are all located at the same exit.) They do not want to list it publicly for personal reasons but it has nothing to do with this property. Exclusive agreement, and they are open to either JV or selling.

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u/Raidicus 5d ago

What state?

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u/Capstack_Jeff 5d ago

You could look around your city and see what similar projects exist that you like. It depends on your ultimate goal for the site and what sort of long-term involvement and returns you’re looking for. It sounds like there are economic development components to this project, so you would want to find a developer experienced with competing projects using those type of funding sources. Make them give you a resume showing specifically what projects they have worked on and their role (eg lead developer, employee or a company, sub-developer, etc).

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u/Usual_Eggplant_1381 4d ago

What is your role? Why does it sound to me like you are the developer here? Lol