Business Opportunities for Vacant Lots in the Time of COVID-19

The pandemic presents a lot of outdoor business opportunities. Because the new coronavirus that causes the COVID-19 disease is more easily transmissible in enclosed spaces, crowds of people are discouraged from staying in indoor spaces for too long.

If you own a piece of land that you don’t know what to do with, use it to turn a profit. Countless business opportunities come with a huge strip of land. All you need is the right business connections, proper land surveying to determine how much space you can use, and a knowledge of your state’s ordinances regarding what businesses are allowed to operate in open spaces. You don’t need to have an actual building developed for your land to turn a profit. Here are some business ideas for vacant lots in the time of COVID-19.

Food trucks

The Centers for Disease Control and Prevention (CDC) discourages people from dining in and staying at indoor restaurants for too long. Because eating with others in an enclosed public space can cause a higher risk of infection, dining-in options vary from state to state. Food trucks allow food enthusiasts to leave their homes for once and still feel like they went out to eat minus the danger of dining in a poorly ventilated enclosed space.

Parking spaces

No matter the state of the world, there will always be a demand for parking spaces. If your piece of land is in a densely populated neighborhood or city, especially if it’s beside a shopping mall, grocery, or offices, consider turning it into an open parking space.

Farmers’ markets and other pop-up stores

Farmers and other produce-growing entrepreneurs are always on the lookout for places where they can sell their produce. Help give your local economy a boost by giving farmers and their representatives a place to sell directly to their consumers. By helping cut the middlemen, farmers receive more profits, and consumers are provided with the freshest produce.

Dog parks

Not all dogs have the luxury of growing up in a home with backyards. If you provide your neighborhood with an outdoor play area where dogs can run freely and exercise, you would be providing pet owners with a much-needed service. If your neighborhood already has a park, up the ante by adding dog park equipment and other playground activities to your space.

Self-storage facility

storage facility business

Self-storage businesses are considered recession-resistant and can be lucrative regardless of the state of the economy. During the 2008 economic downturn, self-storage real estate investment trusts still produced great results. As the COVID-19 crisis persists, more and more families will be forced to consolidate, and they might need to find a place to store their possessions.

Advertisements or billboards

Even during a recession, many businesses don’t cut back on their marketing budget as a strategy. If your land is in a reasonably trafficked area, many businesses will stand to gain by putting up their billboards or advertisements on your property.

Drive-in movie theater

The existence of COVID-19 has forced millions of movie lovers worldwide to settle for online streaming and watching TV from the comforts of their home. But one way to still allow consumers to see movies on the big screen while reducing the risk of infection is by opening up more drive-in movie theaters.

Special events

One of the industries that took a massive hit was the special events industry. From weddings to birthdays and other important milestones, many people have had to postpone or cancel their celebrations due to states’ various social distancing guidelines and limits on public gatherings. But with excellent landscaping and good design ideas, you can turn your vacant lot into a stunning garden where people can hold their special events.

Christmas tree farm or pumpkin farm

November is around the corner, and even though it’s been a hard year, people will still look forward to celebrating the holidays, perhaps even more so. Give your neighborhood the holiday cheer by turning your open lot into a pumpkin or Christmas tree farm where people can purchase various holiday essentials and themed decorations.

Outdoor gym

Gyms across America may be opening up again, but indoor group classes might still be limited to reduce the risk of infection. Give instructors and consumers an alternative by turning your vacant space into an outdoor gym where fitness classes can be held.

So Many Options

When it comes to owning a vacant lot, the possibilities are endless for profitable business ideas. Keep your eyes peeled for the demands and needs in your neighborhood and use your property to meet those needs and turn a profit.

Share the news: