asked on May 15, 2023

What other uses have owners found for land other than the tower that is there?

What other uses have owners found for land other than the tower that is there?

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Owners of land with cell towers have explored various alternative uses for their properties beyond hosting the tower itself. These alternative uses can generate additional income, maximize the property’s potential, or serve other purposes. Here are some examples:

  1. Co-Locating Additional Towers: If the land has the capacity and zoning permits, property owners may negotiate with multiple wireless carriers to co-locate additional towers or equipment on the same site. This can increase lease revenue.
  2. Solar Panel Installations: Property owners can lease space on the land to solar power companies for the installation of solar panels. Solar leases generate renewable energy and rental income.
  3. Wind Turbines: In areas with suitable wind conditions, landowners may consider leasing property for the installation of wind turbines. Wind energy can generate both electricity and lease income.
  4. Billboards and Advertising: Landowners in high-traffic areas may explore leasing space for billboards or digital advertising signs. These advertising structures can provide a consistent source of rental income.
  5. Storage Facilities: Some property owners have used the land for storage facilities, such as self-storage units, RV storage, or boat storage. These facilities can generate rental income and cater to local storage needs.
  6. Agriculture and Farming: In rural areas, property owners may lease land for agricultural or farming purposes, such as crop cultivation or livestock grazing. Farming agreements can provide income while maintaining the land’s agricultural use.
  7. Recreational Activities: Depending on the property’s location and characteristics, landowners may explore opportunities for recreational activities, such as camping, hiking trails, or fishing ponds. These activities can attract visitors and generate revenue.
  8. Telecommunications Infrastructure: In addition to cell towers, owners may consider leasing space for other telecommunications infrastructure, such as fiber-optic cable distribution hubs or equipment shelters.
  9. Event Hosting: Properties with open space may be suitable for hosting events such as fairs, markets, or festivals. These events can generate income from vendors, admission fees, and concessions.
  10. Wireless Backhaul Infrastructure: In areas with growing demand for wireless data, landowners may consider leasing space for wireless backhaul infrastructure, such as microwave or fiber-optic links to support cellular networks.
  11. Rental Housing: Depending on local zoning regulations, landowners may develop rental housing or apartments on the property, providing long-term rental income.
  12. Commercial Development: Landowners in prime locations may choose to develop commercial properties, such as shopping centers or office buildings, to generate rental income or sell the developed properties.
  13. Parking Facilities: Land near transportation hubs or event venues can be used for parking lots or garages, providing parking solutions to the community and generating income during peak times.

It’s important for property owners to carefully assess their land’s suitability for alternative uses, consider zoning regulations and permitting requirements, and conduct feasibility studies to determine the potential income and return on investment for any alternative use. Additionally, negotiations with wireless carriers or leaseholders may be necessary to ensure that alternative uses do not interfere with existing lease agreements or tower operations.

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1 Comment. Leave new

  • This depends on the location itself.

    We have worked with several owners to maximize the value of their cell tower asset through adding on additional utility infrastructure such as: EV Charging Stations, Solar Farms, Wind Turbines, Edge Computing, DAS Networks, Data Centers, Energy Storage, Fiber Optics, Small Cells and even Billboards.

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