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The document summarizes a feasibility study conducted by Mainland Valuation Services (MVS) for a townhome community considering expanding onto an adjacent vacant parcel. MVS analyzed developing the parcel on its own or as part of the existing community to determine the highest and best use. MVS found that developing 46 additional townhomes as part of the existing 154-unit community was financially feasible and provided economies of scale, whereas developing the parcel separately was not viable.
The document summarizes a feasibility study conducted by Mainland Valuation Services (MVS) for a townhome community considering expanding onto an adjacent vacant parcel. MVS analyzed develop…