Value of site as though vacant and available for development

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A 1,920-square-foot house is near Center City and is on a major traffic artery. Nearby single-family properties have been rezoned for office use and the trend is in that direction. The site measures 100 x 200 feet. Its value is $4.50 per square foot for office use and $30,000 for residential use. The property as improved has a value of $65 per square foot of living area, including land and building.

What is the value of the site as though vacant and available for development to its highest and best use?

Reference no: EM13768870

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