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14 Business Ideas for Vacant Land

Written by:

Edited by:

Reviewed by: Daniel Javor

Published on September 8, 2022

Updated on November 12, 2022

14 Business Ideas for Vacant Land

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14 Business Ideas for Vacant Land

How can you put a vacant property you’re not using into good use? There are plenty of ways and you could even make big profits. 

For one, you can just rent it out, sit back and relax while making money. With a minimal investment, you can convert it into a storage area for recreational vehicles. Another possibility is to establish a farm. You can also build a greenhouse or start a retreat business. 

See our list of business ideas for raw land and find something that’s perfect for you.

1. RV Storage

RV Storage

A hunger to explore the great outdoors is driving more Americans to purchase recreational vehicles (RVs), as indicated by data showing that more than 600,000 RVs were built in 2021. The demand is likely to be sustained in 2022 as more people rediscover the joys of camping and road trips. 

But where do you store an RV when you’re not using it? If you’re like most people, you probably store it in an unoccupied lot or parking garage, the rental rate of which can be expensive. This is where an RV storage business comes in. It’s a great way to make some extra money on the side while keeping your RV safe and out of the weather.

If you’re thinking about starting a business providing this service, you will need a significant investment to set up your facilities. The key to success is location so open your storage area in an area with high foot traffic.

2. Rental Property

How to start a rental property business

Are you interested in real estate? If so, you’re probably well aware that the pandemic, even as it cratered other industries, has spurred record-setting growth in the US real estate market, with prices and sales totals as high as they’ve been this century. The market has cooled down slightly lately, but it’s still a great time to get in on the action — and one good way to do so is by starting your own rental property business. 

The concept is easy. You simply buy a multi-unit property, or a larger residential complex, and start making a steady income from renters, in addition to property appreciation and tax benefits. Of course you’ll need a significant investment to get started, but you also need to break some eggs to make an omelet. 

But you will of course need to decide what type of rental property you want to invest in. Are you interested in buying and managing properties yourself, or would you prefer to invest in a property management company? Next, research the market and find out the price range for the area where you’re looking to buy. Be sure not to overspend early on. Get started, get a feel for the industry in your area, and then start thinking about making bigger bets.

3. Tiny House Business

Tiny House Business

Tiny houses are fascinating. Imagine having everything you need within just 400 square feet or less. The tiny homes concept has been around since the 70s, but it’s only recently that it became highly popular because more people are opting to downsize, declutter and live simply. The global tiny homes market is predicted to grow 4% per year through 2026. The forecast includes both mobile and stationary tiny homes. 

Starting your own tiny house business can be a great way to achieve financial independence, but you need to decide first how to go about it. Will you rent out or construct tiny homes? You should be aware of the laws and regulations relating to tiny homes. These vary from state to state, so you will need to check with your local authorities. You should also make sure that your business adheres to the standards for tiny homes. Whatever type of business you want to set up, this is an opportunity that you don’t want to miss out on.

4. Tree Farm

How to start a christmas tree farm business

Growing trees will help fight climate change. But did you know that it is also a great way to earn money? The $6 billion tree and shrub farming industry in the US is expected to bounce back from pandemic slump. An increase in housing starts and rising demand for food products will drive growth in the next three years. Trees take a long time to grow, so it’s best to start your tree farm business now. 

You can start small and establish a tree farm within your property, or you can go all in and purchase or lease acreage for a larger operation. Among the ways to earn from your tree farm business is to focus on high-value fruit trees. Another is to select trees that produce specialty wood for furniture or fiber for clothing. You can also establish a nursery and sell tree seedlings. By choosing the right trees and promoting your tree farm business, you can make a fortune in farming.

5. Farm

How to start a farm business

Do you have a green thumb and always dreamed of starting your own farm? Well now is a great time to take the plunge, with countless people leaving cities for the countryside and looking to eat healthier, all-natural foods fresh from the farm. Farming is a trillion-dollar industry in the US, and offers considerable opportunity for the hard-working entrepreneur. 

And there will be hard work. Farming is not as easy as putting on overalls. You’ll need to find and purchase the right piece of land. You’ll need to choose your crops. Maybe heirloom tomatoes, zucchini and soy beans? Next, work the soil and make sure it’s ready for planting, then keep your fields clear of insects and blight. You’ll also want to decide on livestock. Will you have chickens, lambs, cows, pigs? There’s so much work to do on the farm, but you’ll get to work in the great outdoors, providing nourishing foods to your family and community.

6. Firewood

How to start a firewood business

Looking for a business idea that’s profitable and eco-friendly? Then look no further than starting a firewood business! Not only does this business allow you to help people stay warm in the winter, but it also gives you the opportunity to enjoy the outdoors and be environmentally responsible. Firewood is in-demand year-round, as people use it for heating in the colder months and for grilling out, campfires and bonfires in summer, and the industry has seen steady growth in recent years.  

Of course, you’ll need to live in the vicinity of a lot of trees. You’ll also need to plant a new tree for every adult tree you cut down, obtain the appropriate licenses, and have a reliable truck or car with a good-sized trailer and the right equipment, such as a chainsaw and ax. But with some hard work in the open air, the investment will soon be worth it, and you might even be able to build your own little firewood empire.

7. Gun Range

Gun Range

Starting a gun range business may be the perfect venture for you if you have a passion for firearms and want to share this with others. The US shooting ranges industry, valued at $4 billion in 2022, has consistently grown in the last five years. There are more than 11,000 shooting ranges across the US and there’s still room for more. Demand for such facilities is expected to increase as the economy improves and consumers are able to spend more on recreational activities. 

Outdoor shooting ranges are now more popular because of the need to observe protective measures against COVID-19, so it’s to your advantage to factor that in when you start building your own shooting gallery. At the same time, it’s a good idea to make sure that your facility complies with federal, state and local regulations, and safety standards. Some cities prohibit outdoor ranges and require indoor spaces with walls, ceilings, and floors that are impenetrable to bullets. It would be best to consult your local authorities to make sure your business is compliant to all rules and regulations.

8. Parking Lot

How to Start a Parking Lot Business

Are you thinking about converting an idle property into a parking lot? You could. A parking lot business is relatively easy to manage, but has high profit potential. Parking lots and garages in the US are enjoying higher profits again after suffering a decline at the beginning of the pandemic. The industry is on a rebound and predicted to earn more than $11 billion by 2024. Starting a parking lot business now is the right thing to do. 

If you don’t have any idle property, don’t fret. You can apply for a loan or use your personal savings to buy an existing parking lot. Another option is to buy a plot of land and develop it into a parking lot. Before you can open your business, you need to comply with your state’s licensing, zoning, insurance, and other requirements. Promoting your business is important. You can employ digital marketing strategies and make use of social media platforms to advertise your parking lot and attract customers.

9. Sports Hunting Business

How to Start an Outfitting Business

Are you an outdoorsman who’s looking for a way to make some extra money? If so, then starting a hunting business may be the perfect option for you. Hunting used to be a primary source of food, but is now considered a recreational activity along with fishing. The US hunting and trapping industry earned $900 million in 2021. An increase in disposable income is expected to encourage more Americans to spend more on recreational activities, including hunting. 

You will need some hunting equipment and a hunting license in order to hunt legally in the US. That will be on top of the legal, insurance and other requirements that you have to meet before you launch your business. You will also need to learn some basic first-aid skills, study wildlife behavior, research hunting strategies, and more. It is also important to coordinate with your state’s wildlife conservation department before you promote your hunting trip packages. With proper planning, a hunting business can be very profitable.

10. Retreat Business

Retreat Business

The health and wellness industry is poised to bounce back as the coronavirus pandemic winds down and more people visit health retreat centers to shake the blues and shed unwanted pounds gained during quarantine. By 2030, total revenue from the global wellness tourism market is predicted to surpass $1.6 trillion. If you’re hoping to start a retreat business, now is a good time to set it up.

A retreat center may offer yoga and meditation retreats, spa treatment, Ayurveda treatment, agricultural tourism, shopping, spiritual activities, and other wellness activities. You might want to focus on just one or two activities, and strive to provide excellent services. The location of your retreat center is also important. It’s important to choose an area that is conducive for healing physically and mentally. Most retreats have gardens, libraries and space for praying. Remember that you will be competing against established brands with facilities in ideal locations, so your retreat business should offer a unique experience to attract clients.

11. Woodworking Shop

How to start a woodworking business

Are you good with wood? If so, this is a great time to get into the woodworking industry, which has seen steady growth in recent years and is expected to be worth nearly $5 billion globally by 2026. These days, people everywhere are interested in hand-crafted, artisanal goods, from wooden rocking chairs to homemade pies. 

You could start your own woodworking business from home for little investment and ride this wave of appreciation for sturdy, traditional products to serious success. Even if the trend slows down, high-quality furniture and other wooden items are always in strong demand.  

To get started, there are a few key steps you’ll need to take. First, you should get all the necessary tools and equipment, if you don’t already have them, and brush up on your woodworking with an online class or two. Next, you’ll need to decide what you’ll be making: furniture, figurines and chess sets, decorative plaques and custom wood pieces, or all of the above. The choice is yours, but as long as you choose wood and are willing to work hard, you should find your way to success.

12. Cannabis Cultivation

How to start a cbd business

As more and more states legalize, marijuana is emerging as one of the country’s fastest-growing industries. Worth less than $400 million in 2018, the US marijuana market is expected to reach $25 billion by 2025. That’s stunning growth over such a short period, and represents a great opportunity for the aggressive entrepreneur. 

Your first move should be to find a sizable growing space, either outdoors in a rural area, or indoors within a sizable warehouse, office building or production facility. Next, you’ll need to get all the required permits and certifications to become a licensed seller and cultivator of marijuana. After that, you should consider whether you want to sell the marijuana you produce to processors, who will then prepare it for market, or to process the goods yourself. 

You could produce anything from marijuana-infused beverages and candies to baked goods, supplements and more. Of course, that will require additional licensing, and each of these products would need to receive FDA approval.  So your best bet might be simply to grow the marijuana and let somebody else deal with the hassles and headaches as you count your profits.

13. Beekeeping

How to start a beekeeping business

With more consumers choosing to use natural sweeteners over sugar and artificial sweeteners, the global market for honey is expected to grow modestly and approach $12 billion by 2028. The US is a leading importer of honey, which means local production is not enough to meet the demand. You can take advantage of this opportunity by starting your own honey business. It’s a great idea – honey is a delicious, healthy, and versatile product. 

There are some things you need to know before starting your honey business. Make sure to comply with all federal, state and local regulations, from processing to packaging to labeling. The label should include the honey grade and color designations, among others. Keep in mind that labeling regulations differ state by state so it would be best for you to check out your state’s regulations. If you’re raising the honey bees yourself, you will also have to comply with beekeeping regulations. Once you comply with all the regulations, you should create an advertising and marketing plan for your product.

14. Greenhouse

How to start a greenhouse business

For a long time, they seemed like relics of a bygone age. But now, as weather becomes more unpredictable and people look to take greater control of what they eat, greenhouses are suddenly popping up like weeds! The global greenhouse industry is expected to more than double in the coming years, topping $3 billion. You could start your own greenhouse business and help people build the green sanctuary of their dreams while riding the market boom to major profits.   

You could start your business from home, detailing your service offerings on an appealing website and meeting with clients at their homes. You will, however, need to have considerable understanding of the lay-out and construction of greenhouses, and hopefully some experience with farming, gardening and flowers as well. Without this, you’ll have a hard time attracting business in an increasingly competitive landscape. 

If you’re a green thumb and a gardening pro, on the other hand, you should have no trouble drawing clientele, and could end up building more greenhouses than you can count.