Medical Building Conversion Advice Sought

[Vince M.]

While searching for properties a broker told me about a building he has and I want to see if anyone has experience with this kind of a deal.

There is an empty 2 story 12,000 sq ft medical office building that is located next to a hospital that has recently been closed. The broker has suggested that it can be converted to an indoor storage facility which seems like a good idea because it is in a state which has a fair amount of winter. The price is $200,000 and there is an appraisal from January of 2012 for $500,000. I'm located on the other side of the country and haven't seen it in person. It's been suggested to me that this would be a good property to flip instead of doing the conversion myself. Any thoughts on the best way to approach this?