1. Residential Zoning (R1, R2, etc.)
- Often targeted for conversion to higher-density residential or mixed-use zoning.
- Single-family residential zones (R1) are attractive when urban expansion increases housing demand.
- Potential for subdivision into multiple units, townhomes, or small apartment complexes.
- Zoning change to R3 or R4 allows for denser developments, increasing property value.
- Flippers target these zones for long-term appreciation through planning approval.
2. Agricultural Zoning (AG, A1, etc.)
- Prized for conversion to residential or industrial zoning in suburban growth areas.
- Low initial land cost and tax burden make it financially attractive.
- High rezoning potential near expanding city boundaries or infrastructure projects.
- Seen as future development corridors in urban planning documents.
- Land banking strategies often focus on agriculturally zoned parcels.
3. Commercial Zoning (C1, C2, etc.)
- Properties in lower commercial zones are sought for upgrades to broader commercial use.
- Rezoning from local retail to general or mixed commercial allows for increased floor area and use flexibility.
- Underused commercial strips near transit corridors often become rezoning targets.
- Flippers assess the potential to repurpose buildings or rebuild for higher-value tenants.
- Changes in commercial zoning can unlock multi-tenant or vertical development.
4. Industrial Zoning (M1, I1, etc.)
- Targeted when obsolete or underutilized industrial areas are eligible for rezoning to mixed-use or residential.
- Urban redevelopment plans often rezone light industrial areas for commercial or high-density housing.
- Proximity to transit and city centers increases rezoning likelihood.
- Flippers anticipate value increase by aligning with city revitalization strategies.
- These zones often allow flexibility in interim use before rezoning is finalized.
5. Transitional or Overlay Zones
- Areas with special overlay zoning are attractive due to flexible use permissions.
- Opportunity zones, TOD (Transit Oriented Development), and revitalization districts offer incentives for change of use.
- Flippers seek parcels already in rezoning studies or public consultation stages.
- Properties in historic districts or urban renewal zones may gain fast-track approvals.
Transitional areas offer upside through alignment with comprehensive land use plans.
