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The highest and best use of the site is to demolish the house and sell the site as a commercial lot. The market value would be $225,000 ($250,000 site value minus $25,000 demolition cost). However, if the demolition costs rose to $55,000, the highest and best use would be the existing residential use, because the value as a commercial lot (now ...
Commercial property, also called commercial real estate, investment property or income property, is real estate (buildings or land) intended to generate a profit, either from capital gains or rental income. [1] Commercial property includes office buildings, medical centers, hotels, malls, retail stores, multifamily housing buildings, farm land ...
Plot structures include a house, private walkways, and at the back - a detached garage with a drive access to the alley and a small area for refuse. In real estate, a land lot or plot of land is a tract or parcel of land owned or meant to be owned by some owner (s). A plot is essentially considered a parcel of real property in some countries or ...
In the post-industrial-high tech era, development was concentrated in the Gateway District near Penn Station, with many buildings clad in reflective glass. [3] Clusters of residential highrises are found throughout the city, particularly near Weequahic Park and Branch Brook Park. Since the 2010s several commercial buildings have been converted ...
Real estate appraisal. Real estate appraisal, property valuation or land valuation is the process of assessing the value of real property (usually market value). Real estate transactions often require appraisals because every property has unique characteristics. The location also plays a key role in valuation.
Palmer Park Mall is a 349,000 square foot, enclosed mall located in Easton, Pennsylvania, one mile north of U.S. Route 22 on Pennsylvania Route 248. The center, which opened in 1972 and was expanded and redeveloped in 1982, is located on a 50-acre site, with 59 in-line stores (including an Eckerd Drug Store) anchored by The Bon-Ton.
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