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Potentially Profitable Uses for Bare Land

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Potentially Profitable Uses for Bare Land

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As an independent development and business strategy consultant, Adam Drybrough supports landowners in determining profitable uses for property. In this capacity, Adam Drybrough works with new build and renovation properties as well as bare land.

Bare land can provide profitable opportunities for its owners, whether or not the owner chooses to build. New land can be an ideal location for a mobile home or a tiny house village, both of which turn land into livable property with a minimum amount of development. If the land is far away from gas lines and other utilities, it may be appealing as a location for an off-the-grid house.

Similarly, undeveloped land can be an alluring spot for trailer or tent campers, depending on the regulations in the area. Some parcels may be ideal locations to establish hiking, biking, or cross-country skiing trails, while others do well as community parks or outdoor recreation facilities. Those with business savvy can get creative with their offerings and create zipline parks, outdoor obstacle courses, or spiritual retreats.

Landowners who prefer to develop their land have multiple options as well. In some areas, a parking lot or public storage facility is the most profitable use of a plot of land. In others, a golf course attracts more people.

If the land is rich in natural resources, the owner may wish to drill a well or create a mineral mine. Some locations offer the opportunity for oil and gas drilling, though many landowners prefer to dedicate their space to wind or solar farms. The choice will depend on the landowner's goals and values, as well as on the resources available and the location of the land itself.

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Adam Drybrough Adam Drybrough - Board Member for Betty's Run Calgary , Alberta, Canada An experienced consultant who provides independent advice to...