I'm also wondering why not many people are suggesting a reduced price. I don't really have any idea about how commercial properties work but I'd imagine doing an analysis with a much lower asking price would be interesting to see (and only take a few seconds).
Also - as someone who recently graduated from a university in Philly, I think 2 miles is a VERY long way from a college but it depends what college. 2 miles from any of the center city schools is not really student housing anymore (UPenn, Drexel, Temple). But schools like Villa Nova, Widener, Eastern, I've had friends at those schools who all have cars and drive to class every day. But they generally had full houses, not apt buildings. I didn't see many of them living in apt complexes and driving to class.
Either way - subbed to see what happens!
