Raw land is valuable, just like all other types of real estate, and what you decide to do with your own property can increase its value even further.
You can easily make money from your raw land, depending on where it is located, what resources you have, and how much you want to invest.
You can invest, make some money, or live off the property by looking at business ideas for abandoned rural land.
To get started, check out the list of methods to profit from undeveloped land below.
1. Allow A Cell Phone Company To Build A Tower On Your Land
Contact a service provider if the location of your vacant land is suitable for a cell tower.
They might be prepared to pay you for erecting a tower on your land.
2. Allow The City To Build Through-Roads
There are occasions when the city needs your land to construct roadways for the entire neighborhood.
They frequently do, however, offer the owner compensation.
By authorizing the construction of these roads on land you might not be using, you can profit from undeveloped land.
3. Allow Tiny Houses To Rent
These days, renting individual tiny homes is a popular method to get away for a short time.
These can be listed on Airbnb or another online market. Just remember that you have to abide by all local zoning laws.
4. Animal Sanctuary
Animal shelters are usually pushed for space, so let them come to you and make an offer for your extra space.
You can start an animal refuge, work with qualified vets, and build a company that respects the lives of all animals.
5. Botanical Gardens
Open up your own botanical garden if you’re a botany fan or have a green thumb. You can contribute to the preservation of indigenous species and plant collections for educational purposes.
Even butterfly sanctuaries and tropical greenhouses are commonplace in botanical gardens.
Admission-based botanical gardens are possible, and they can even be rented out for special occasions like weddings.
6. Breed Animals To Sell
You can also generate money by breeding animals to sell. You ought to try it if you have the space and time to do so.
Just make sure you’re abiding by the local laws and treating all involved well.
7. Build A Building For A Fast-Food Franchise
Depending on where you are, you never know who might want to use your undeveloped land, and fast-food chains frequently seek to expand.
8. Build A Concert Venue
Having outdoor seating at concerts calls for a lot of space.
Use your undeveloped land for this, and you’ll make a lot of money!
9. Build A Fallout Shelter
To protect oneself from exposure to dangerous chemicals, construct an underground shelter.
If they are equipped with canned goods and clean water, fallout shelters can sustain occupants during a crisis.
You can let customers hire out a fully equipped fallout shelter even if there is no disaster. They can now experience what it’s like to be in a doomsday bunker!
10. Build A Gas Station
This requires a considerably larger investment, but if you have undeveloped land on a lengthy stretch of the highway where drivers may be scrambling for gas, you might quickly have a successful enterprise.
Just be sure that doing so is permitted by the zoning.
11. Build A Parking Lot
Do you live in an area where events are held frequently? Make extra parking available and charge a small fee per vehicle!
Before you know it, the business will be booming.
12. Build A Public Swimming Pool
Who wouldn’t want a neighborhood community pool?
On your undeveloped property, create a pool and levy a membership or entry fee.
13. Build A Separate Rental Property
To generate income from undeveloped land, if you don’t want to welcome guests in your home, you can construct standalone, long-term rental homes.
If zoning and other local rules permit it, another option is to build a mobile home on the property.
14. Build An Amusement Park
Similar to other large ventures, it costs money to establish an amusement park, but developers might be interested in your property.
If they are, they would be happy to pay you for it.
15. Build An Earth-Bermed Home
This type of house is built to fit into the surroundings. Typically, the walls of this type of housing are constructed using the dirt and topography already there.
You can live quietly and take in the pleasant hobbit-life feel in an earth-bermed abode.
It would be a unique Airbnb experience as well. Just make sure this style of structure is permitted by the local building code.
More Ways You Can Make Money From Raw Land
If none of these money-making methods capture your attention, take a look at even more ways you can use your raw land for profit:
- Build an event hall
- Build an ice rink
- Build athletic fields
- Build fishing ponds
- Build horse stables
- Build wood furniture from timber on your land
- Bushcraft education
- Charge admission on seasonal activities
- Community compost
- Community park
- Consider hemp farming for CBD oil
- Create a campground
- Create a hostel business
- Create a paintball course
- Create a pet-sitting business
- Create a pop-up marketplace
- Create a wedding venue
- Create an outdoor gym
- Create mini shops near the road
- Create motocross tracks
- Create your own ziplining park
- Discover any minerals you may have on the property
- Dog park
- Donate your land
- Drill a well
- Drill for oil
- Establish a community land trust
- Farm snails
- Food trucks
- Forest timber on the land
- Greenway boardwalk
- Grow flowers to sell at a farmer’s market
- Invest in building a golf course
- Invest in solar energy
- Landscaper supply store
- Lease the land for grazing
- Look into harnessing wind energy
- Offer indoor and outdoor storage
- Offer outdoor fitness classes
- Offer tours or classes on farm life
- Open up your home as a bed and breakfast
- Outdoor obstacle course
- Passive-solar greenhouses
- Photography classes
- Plant a vineyard and bottle your own wine
- Plant crops
- Public art
- Racing or dragstrip
- Raise bees
- Raise livestock and sell their products
- Raise livestock to butcher
- Raise worms for bait
- Rent out advertising space on your land
- Rent out the land for festivals
- Rent out your land for research
- Rent plots to build a community garden
- Rent your field to metal-detecting clubs
- Restaurant garden
- Scenic overlook
- Sell the mineral rights
- Sell your land
- Set up a drive-in movie theater
- Set up a shooting range
- Specialty produce
- Spiritual resort
- Start a car washing business
- Start a farmer’s market
- Start a flea market
- Start a marijuana growing business (if legal)
- Start a summer camp for kids
- Start an atm business
- Temporary sporting events
- Training facility
- Use the land as boat storage
- Use the land as RV storage
- Use the land for a shopping mall
- Waste-to-energy incinerator
- Water access
Frequently Asked Questions
What Does Raw Land Mean In Terms Of Investing?
Raw land is more commonly known as undeveloped land, meaning that it is a vacant area without utilities, buildings, or roads. It is often used to build property on, either for personal use or profitable use.
Does Raw Land Lose Value?
If your raw land is in an area with environmental risks, then it could lose some of its value. For instance, if the land is prone to flooding, it might deter buyers or investors from taking any interest in it.
As you can tell, there are countless ways you can use your raw land to turn a profit. Whatever you decide to do, you’re sure to see the money start rolling in with your new business venture.
Paul Martinez is the founder of BendingDestiny.com. He is an expert in the areas of finance, real estate, and eCommerce.
Join him on BendingDestiny.com to learn how to improve your financial life and excel in these areas. Before starting this blog, Paul built from scratch and managed two multi-million dollar companies. One in the real estate sector and one in the eCommerce sector.