Sitting on a Gold Mine: Evaluating Your Land for Cell Tower Leases

If you own a track of land and you’re looking to turn it into a nice investment to rack in a lot of profit, leasing your property to a cell tower buyout company might be the route for you. Essentially, contracts for cell tower leases happen when you and the aforementioned company (ones like Towerpoint Capital for instance) come into an agreement to lease your land so they can have a cell site or tower installed. However, you should first find out just how much your property might be worth:

Factors Affecting Cost

Location is the main factor that will affect how much cell tower lease companies will value your land – essentially, the fair market price of land in your particular place. Easy accessibility to the site is also very important (which is why properties in urban areas are often leased). Moreover, you should also check your area’s local zoning laws if you could actually have a tower built on your site.