Contract for Deed for a Commercial Property

[Eric Mauricio]

Ok. Let me apologize for my ignorance first since I'm still crawling as a noob. So, there's this commercial property for sale that the owner has owned since the early 90s and he stated he will carry a contract for deed.

Asking Price: $190K

Required Down Payment: $30K

APR: 6%

Loan Term: 20 years

NOI: $15K - $20K per year

The property is a couple hours away from where I live and I do not know how many businesses lease from the building (obviously I will ask). The population's town is about 12K and the location looks to be good with other commercial buildings surrounding it when I checked Google Maps. Looks as if it's just street parking.

Does this look like a potentially good deal? What kind of questions do I need to ask the seller? Appreciate the feedback.