Picture this: Two side-by-side five-acre interior (not corner) lots with 500 feet of frontage.
The lots are located on a major highway and are improved with two identical steel frame and masonry buildings, 100,000 square feet in size with 32 foot ceilings.
One building is zoned for retail use, suitable for occupancy by a “big box” store.
By a quirk of zoning, the second building can only be used as a warehouse.
Which building is more valuable? Why?
Email your answers to email@example.com. The best answer will receive a hearty pat on the back and a Summer’s Supply of Jersey Shore Saltwater Taffy or a treat of your preference.
P.S. Your email will never be used by me or sold to anyone else. Pinky swear.