BP Fam ~ I Need Your Advice Re: A Commercial Property🧏🏽

[Catrina M. Crowel]

OK, SO HERE'S THE DEAL . . .

I have a motivated seller who is desperately wanting to sell his commercial property. He is calling it a Fire Sale🔥🚒 BUT his asking price is $1 Million for a former school building. 🏫😬

So . . . What's the Dilemma? 🤔

✨Not finding any comps to justify asking price

✨Seller not willing to sign PA until someone physically sees it

✨I have no "Boots on Ground" in the area

✨I only have one potential Cash End Buyer who did not want to sign a NDA until he drove the area and looked at the building,

QUESTIONS❓❓❓

✨Do you have any suggestions on what type of buyer might be in position to purchase this kind of real estate? Surely, someone can use this space to convert it to something of use. 🤷🏽‍♀️

✨I typically wouldn't reveal the address for obvious reasons but in this case, I didn't have many options since I only have one interested buyer (good or bad idea)? 🫣

✨Seems like this could be worth pursuing but so far, I've run into a few snags. Any bright ideas or suggestions? 💡

WHAT ARE YOUR HONEST THOUGHTS ON THIS SCENARIO AND WHAT WOULD YOU DO IN MY POSITION?

THANKS IN ADVANCE FOR YOUR VALUABLE INPUT! 🙏🏽