That lot is only worth 2.9 million if someone where willing to pay $2.9 million. I bet the value of that lot just dropped dramatically after this situation. Who would buy that lot knowing that you really can't employ it for it's highest and best use? No one wants to pay $2.9 million for a lot just to build some nail salons, a barber and a dollar store.
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That lot is only worth 2.9 million if someone where willing to pay $2.9 million. I bet the value of that lot just dropped dramatically after this situation. Who would buy that lot knowing that you really can't employ it for it's highest and best use? No one wants to pay $2.9 million for a lot just to build some nail salons, a barber and a dollar store.