Ideal investment but no ones biting

[John Henry]

There is a property in Sugar Grove, OH, right off 33, next to a large river. It would be ideal for a canoe livery since there is so much traffic on 33 and its become a huge tourist area due to hocking hills being 15 mins south of this town. There are two separate living spaces. One with 1 or 2 beds and 1 bathroom and the other with 3 bedrooms and 1 bathroom. There are tenants on month to month. We walked the property and a lot needs to be done. Its been on the market for 60 days. How do I find out why investors are not biting. Seller agent said there is no flood insurance. Mayor and zoning inspector will get back to me on more information after Sunday council meeting about permits. What am I missing? How do I dig deeper on finding more information about the property and owner? I've checked the property auditor, googled the owner(s). Will I buy it? I'm leaning more towards no at the moment but I want to learn what to look for when buying properties especially when its been in the market for so long.

[David Hickey]

Quote from @John Henry:

There is a property in Sugar Grove, OH, right off 33, next to a large river. It would be ideal for a canoe livery since there is so much traffic on 33 and its become a huge tourist area due to hocking hills being 15 mins south of this town. There are two separate living spaces. One with 1 or 2 beds and 1 bathroom and the other with 3 bedrooms and 1 bathroom. There are tenants on month to month. We walked the property and a lot needs to be done. It’s been on the market for 60 days. How do I find out why investors are not biting. Seller agent said there is no flood insurance. Mayor and zoning inspector will get back to me on more information after Sunday council meeting about permits. What am I missing? How do I dig deeper on finding more information about the property and owner? I've checked the property auditor, googled the owner(s). Will I buy it? I'm leaning more towards no at the moment but I want to learn what to look for when buying properties especially when its been in the market for so long.

Good question. I would guess it is priced too high, or the seller is not willing to negotiate on price. Maybe there is less competition for that type of property as well so there are fewer eyes on the property.