12. A corner lot with commercial zoning currently is improved with a residential dwelling. You are...
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12. A corner lot with commercial zoning currently is improved with a residential dwelling. You are provided with the following information for the property: Improved Value - $150,000 • As if Vacant Value - $200,000 Demolition Cost - $25,000 Based upon the above information, and assuming that demand for commercial sites in the marketplace is immediately recognized, determine the appropriate highest and best use recommendation and provide the math calculations in support of your recommendation. (3 points) 12. A corner lot with commercial zoning currently is improved with a residential dwelling. You are provided with the following information for the property: Improved Value - $150,000 • As if Vacant Value - $200,000 Demolition Cost - $25,000 Based upon the above information, and assuming that demand for commercial sites in the marketplace is immediately recognized, determine the appropriate highest and best use recommendation and provide the math calculations in support of your recommendation. (3 points)
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SOLUTION Based on the information provided the highest and best use recommendation for the corner lo... View the full answer
Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-1119368458
7th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
Posted Date:
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