1. What is the property's highest and best use as though the site is vacant?

A.The single family home

B.The four unit rental housing structure

C.The brewery

D.Any of the above are reasonable options

2. What is the property's highest and best use as improved?

A.The single family home

B.The four unit rental housing structure

C.The brewery

D.The property's highest and best use would depend on what the current owner wants to do with it.

Existing single-family home value estimated at $350,000 Local zoning regulations permit either a four-unit rental housing or a small craft brewery to be built on the site.(assume demand supports the need for either option) Demolition of the house costs total $80,000 Construction costs for the rental structure are estimated to be $300,000. Estimated value of rental structure is $500,000 upon completion. Construction costs for the brewery are estimated to be $450,000. Estimated value of brewery is $750,000 upon completion. Existing single-family home value estimated at $350,000 Local zoning regulations permit either a four-unit rental housing or a small craft brewery to be built on the site.(assume demand supports the need for either option) Demolition of the house costs total $80,000 Construction costs for the rental structure are estimated to be $300,000. Estimated value of rental structure is $500,000 upon completion. Construction costs for the brewery are estimated to be $450,000. Estimated value of brewery is $750,000 upon completion