Place your order now for a similar assignment and have exceptional work written by our team of experts, At affordable rates
Your aunt died recently and willed you 31 acres of land on State Highway 33, which connects
Sun City and Parkridge, two rapidly growing communities in the Sun Belt. The property has
been in your aunt’s family for over 110 years.
The 31 acres are made up of two parcels on opposite sides of Highway 33. The southern parcel
contains 7 acres, has a cotton mill and an old warehouse on it, and is bordered on the east by
Avion Way, which comes off the highway and provides direct access to the airport. Avion Way is
scheduled to be widened to four lanes, with a center boulevard, during the next year. Also, a
railway line runs along the property’s southern edge. It is doubtful that the improvements are
consistent with today’s highest-and-best use of the parcel. The larger parcel, which is vacant
except for an old farmhouse where your aunt lived, fronts onto Highway 33 for one-quarter of a
mile, and is bordered on both the eastern and western sides by public streets.
Highway 33 carries a considerable amount of traffic. The parcels on it generally range in size
from one-half to three acres, with mostly mixed, residential, and highway commercial uses.
Within five miles are many single-family residences, apartment buildings, commercial and office
buildings, medical buildings, two colleges and a state university, several churches, and a large
country park. The metropolitan airport, recently expanded, is about three miles to the south,
just beyond the East-West Interstate Highway.
The central business district of Sun City, population 210,000 and eight miles to the east of the
parcels, is undergoing a major face-lift as part of an urban renewal project. The Jackson County
courthouse is in Sun City. Downtown Parkridge, population 80,000, is four miles to the west of
the parcels. Of the two cities, Parkridge is the faster-growing. The cities are growing toward
each other, for the most part. Most industrial expansion of consequence in the last two
decades has been in unincorporated areas south of the interstate highway and the airport.
Several high-technology firms have built plants there in recent years. Thus, the location of the
parcels appears to preclude their being developed for industrial purpos
Taxes on the parcels amount to about $30,000 per year, or $2,500 per month. The net income
from operation of the mill has been sporadic; in fact, it is likely that the mill has been operating
in the red since your aunt’s death, 18 months ago. Having just entered the work force, your
income is only about $1600 per month, gross. Clearly you must make some decisions.
All estate and probate problems have been resolved. Now, as the new owner, you are free to
take whatever legal action you deem necessary to preserve your position and to operate the
properties at a profit. Major problems you now face are as follows:
a) Not being familiar with this real estate, you need information and advice about it and
how to operate it. How would you go about getting such information? Alternatives range
from looking online and arranging an appointment with a broker, to engaging a
marketing and planning consultant, probably at a minimum cost of several thousand
b) What steps might you take to develop some personal idea of the highest-and-best use of
c) Should the costs of demolishing the existing structures enter into your thinking and
planning? Under what circumstance would you not demolish any structures?
d) Could and should the 7-acre parcel be developed independently of the larger parcel?
What issues might be involved in making this decision?
e) What, in your opinion, is the feasibility of preserving the building on the smaller parcel
and converting it into a:
1. Neighborhood shopping center?
2. Recreational center?
3. Retirement home?
4. Public market?
5. Office complex?
6. Research complex?
Give at least one reason for or against each use.
What additional information might you
want before making a decision on any of these?
Why Work with Us
Top Quality and Well-Researched Papers
We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.
Professional and Experienced Academic Writers
We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.
Free Unlimited Revisions
If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.
Prompt Delivery and 100% Money-Back-Guarantee
All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.
Original & Confidential
We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.
24/7 Customer Support
Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.
Try it now!
How it works?
Follow these simple steps to get your paper done
Place your order
Fill in the order form and provide all details of your assignment.
Proceed with the payment
Choose the payment system that suits you most.
Receive the final file
Once your paper is ready, we will email it to you.
No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.
No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.
Admission Essays & Business Writing Help
An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.
Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.
If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.