"It's industrial, with water and sewer hookups."
"I know; I live in the house right next to it. Okay, thanks."
I might give $10,500 for the 150 x 150 foot lot, but not ten times that much. I guess I should be happy that it's so overpriced. I think it highly unlikely that anyone would buy an undeveloped lot (even with water/sewer in place) with houses on three sides of it, even if it is zoned industrial. There are much better pieces of actual industrial land in this city, without annoying neighbors.