Evaluating a commercial deal - help

[Brad Spuhler]

Hi all,

I'm considering making an offer on a mixed use property in the town where I grew up, a summer beach town.  This would be my first commercial deal. 

The property consists of a liquor store, 1 store front that's operating as a take out restaurant, 1 store front that is a nail salon and a 3 bedroom residential unit on top of the store fronts.  The property also has a 17 space parking lot and would come with the liquor license. 

I would look to operate/own the liquor store and continue the leases with the restaurant and nail salon.  I would also look to rent out the unit above.  

I have some of the financials below, but want to know from experienced commercial investors, what else do I need to consider for this deal?

Seller wants $1.9mm

Restaurant pays $45,000 in yearly rent

Nail salon pays $18,000 in yearly rent

Liquor store currently generates $120,000 a year in net income (profit)

Residential unit should be able to bring in $25,000 a year, more if I rent it as a STR/vacation rental.

Property tax: $16,000/ year

Insurance (including flood): $14,000/ year

Liquor License would probably sell on it's own for $250,000

What questions should I be asking and/or what other information would you need to make an informed offer?   Thanks for the help!