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Updated over 10 years ago,

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6
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0
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Joe Trevor
  • Investor
0
Votes |
6
Posts

Buying Commercial Property on an EPA Superfund Site?

Joe Trevor
  • Investor
Posted

Hello,

I own a company in Denver and am seriously looking at purchasing a particular office/warehouse in town. The issue that has come up is that the unit sits on an EPA Superfund site, which they say has been cleaned up and signed off on as safe now. Decades ago it was a radium factory and the EPA removed about 100,000 tons of soil which was radioactive. Some is "capped" and still sits below existing buildings, but since it's covered up they say it's safe.

There are only a few of these Superfund sites around the state, and initially this doesn't sit well with me whether it's safe or not in terms of not only long term value but general health and peace of mind.

Does anyone have experience or insights of what to do with these EPA Superfund/Radium sites? This would be my first commercial purchase and I have no experience so I'm looking for help.

Thank you!

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