First Property I looked at...potential Gem?

[Ryan King]

I am getting into wholesaling and the first response from my direct mail was the property I am about to show you. It looks like a tear down but I am wondering if the lot value and shed would would be worth making an offer on. 

Seller is asking $110K. It has been for sale but off the market for 4 years. Neighbors want to buy it and offer $90K for it and was declined.

Zillow listing for 672 sq feet

There are 2 "homes" on the property. 1) 2 bedroom and 1 bath (672 sq feet): Every window is broke, the foundation is falling apart, needs to be completely gutted and rebuilt. The water furnace for both homes is in the garage behind this house.

Zillow listing for 1424 sq feet

2) 2 bedroom and 1 bath (1,424 sq feet which I don't think is accurate): Needs a lot of work but it is salvageable. 

Now the kicker is this huge shop that is on the property that Zillow doesn't mention anything about. It is massive. 

Guy showing me the property said the seller was offered $90K cash just for the shop and she declined it. I am looking to wholesale this property but I think I wouldn't be able to find someone who was willing to put that much work into it.

I was just wondering what you guys thought. Again, I am a newb and this is my first property I went to look at. I think the only way I could make any money on this deal is throw her an offer of  $50K and see what she says. 

Is the land value and the shop worth it?

Are those houses salvageable?

 Thanks.