Posted by Daryl in PA on February 07, 2012 at 08:34:34 from (174.60.19.180):
In Reply to: High $$$ per acre posted by the Unforgiven on February 07, 2012 at 07:20:18:
In 1967, my father purchased a ranch home on 21 acres, zoned for industry. Paid $40,000 at public auction, 16 acres with the house , and 5 across the street (2 deeds). I know he was afraid to do it back then because $2,000 per acre was alot of money. In 2004, he sold the 16 acres for $1,700,000.
They tore down the home and were going to build 3 warehouses until the economy took a nose-dive. Now that 16 acres is for sale again. We still have the 5 acres listed with the same realtor, but industrial land is not selling right now. Just gonna hang on till things turn around.
View of the 5 acres that we still have. If you look close, you can see the driveway to house across the street
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