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Looking at the vacant land on the north side of Highway 10, in the northwest corner of this <br /> thoroughfare and Eastwood Road, it is clear this site cannot be used for any business that relies <br /> on turning over a high volume of traffic. Although it is highly visible from Highway 10, its <br />• access is very limited and may even be very circuitous once all of the redevelopment of the area <br /> is done. Thus, this parcel has to be destination-oriented in nature. Furthemiore, most of the <br /> surrounding property is residential--both low-density and higher-density--so their presence may <br /> also have a limiting affect on the types of uses that could realistically go on this parcel. For this <br /> reason, its highest and best use is believed to be residential in nature; most likely being of a more <br /> medium-density type of facility such as townhomes or quadhomes. There is a possibility <br /> developing a destination-oriented business that generates little traffic, but a zoning change is <br /> needed, and the access points would also have to be addressed. <br /> A chart showing these conclusions is presented on the following page along with a map shov,,t.,;;;; <br /> the four sites that we see are the best candidates for redevelopment. <br /> Suggested Area Breakdown of the Developable Sections Within the Subject Area <br /> (Refer to the following chart "Subject Area Vacant Land Sites - Suggested") <br /> Approximate <br /> Area Location Developable Area in Acres <br /> 1. Southeast quadrant of Silver Lake Road and Highway 10, <br /> contiguous vacant land up to the wetland and assuming <br /> insurance agency is razed (replatted) 7.00 <br /> 2. The wetland area (as parkland or private amenity feature) 5.00 <br /> 3. Small site on the south side of Highway 10 between TJB Homebuilders <br /> and the wetland area y 0.75 <br /> 4. Northwest quadrant of Highway 10 and County Road I as it exists 2.08 <br /> Site plan of existing vacant land sites for development <br /> These thoughts conclude our analysis of the highest and best uses for the subject area. Thank <br /> you for choosing Towle Real Estate Company for your consultation needs in regard to these real <br /> estate matters. If you have any questions concerning this report, or if you would like additional <br /> information on this particular matter, please do not hesitate to call us at the number provided on <br /> the first page of this report. <br /> 1110 <br />