Commercial zoned land good or bad?

[Edward L lauckern]

I Have an opportunity to buy over 5 acres of wooded land in a commercially zoned area. .25 miles from walmart and lowes. The traffic light .25 miles away counts 30,000 cars on average per day.  The ask is under 40k and it is wooded without utilities but they are obviously close by.  What do I need to know about commercial realestate? I have some properties in residential but not commercial so I'm hoping some people can give me some advice 

[Justin Tahilramani]

I would be very skeptical if I were you. Its likely that the land has serious issues that would make development prohibitively expensive to impossible. Off the bat I would be looking for the existence of wetlands and determine what the land is zoned for.

We just had a Super Walmart open in our town. 5 acres across the street is listed for $1M....

Environmental and traffic considerations are huge when it comes to commercial real estate.