Doing Due Diligence on an old Gas Station?

[Zachary Gilula]

Hi everyone,

I'm evaluating the viability of a property that is an old gas station and I want to make sure I know everything related to it. It's been sitting vacant for up to 8 years and it's owned by the county because of unpaid taxes. I know the purchase price, but I have no idea what else I would need to spend to get this sell ready.

I've looked at the county records and can find various liens for weeds, rubbish, and nuisance, but I believe (not confirmed) there are environmental issues that is keeping everyone away from it.

How do I go about finding out if there are environmental issues to take care of and anything else that I would have to plan for in terms of rehab and outstanding issues? 

As a bonus, any suggestions on how to go about finding buyers for a property like this? It's in a high traffic area on a corner lot in an increasing metro area.

Thank you!

[Chris Seveney]

@Zachary Gilula

What is your real estate experience? If it’s not extensive former gas stations should be avoided like the plague

You can go broke very quickly just by the time remediation can take