Wednesday, July 9, 2014

What to do with Empty Land

Uses for Empty Land

After reading Rich Dad Poor Dad, I got to thinking about cash flow.  Some of the books in the series discuss the idea of owning real estate, and making money on rent.

I thought it would be interesting to explore some ideas on what to do with empty land.

Business Ideas that require minimal building.  Possibly just restrooms, and roof or small buildings.  Most ideas probably require water and electricity.

Minimal Construction
  • Camping
  • Car Wash
  • Dog Grooming 
  • Dog Playground / Daycare
  • Party Rental 
  • Flea Market (may need lots of cleanup afterwards)
  • Go carts
  • Bouncing castle entertainment site (children's parties.)
  • Billboard
  • Lemonade Stand
  • Hot Dog / Hamburger, or Taco Stand
  • Coffee Stand
  • Horseback Riding Lessons
  • Community Garden
Some Construction
  • Mini storage
  • Miniature golf
  • Bungalows or cabins
  • Daycare Center 
  • Cell phone tower
More Complete Construction
  • Apartments
  • House(s)
  • Bed and Breakfast
  • Warehouse
  • Factory
  • Shopping Mall
  • Grocery Store
  • Restaurant
  • Bakery

Specific Ideas Based on Location

City Areas
  •  Parking Lot / Car Wash
  • Coffee Stand

Small Suburban Lots
  • Self-Storage

Large Farm Area
  • Farming
  • Solar Panels
  • Wind Turbines
  • Junk Yard

It seems that there are many ideas for land in city and farm areas, but a more challenging type is a small lot in a sparsely populated residential neighborhood.

Of course some ideas can be combined, and some are mutually exclusive.  What else can be done with an empty lot?  Post your ideas in the comments.