The acre seems to have a lot of distressed stuff coming up.

A distressed seller or property may have a depressed price, but that price is the market value when the conditions of the sale meet the market value definition. 

If you're only considering fixing the space and renting it to some other business which doesn't have any synergies, then this should be evaluated as a pure investment of capital, and you should weigh that investment vs. an investment in your business, which would yield higher returns.Also interesting is that you have very intimate knowledge about the distressed state of the seller, which most people will not have, and also pretty good knowledge about the building, as you've been there awhile.

Know lawyers who are familiar with the legal intricacies for distressed home sales.

I would ideally like to work with investors and distressed properties. 

, so while it is nice to be boots on the ground, it isn't always necessary as long as you are investing in quality properties (ie not low-tier C/D /distressed properties which really do require that you be hands-on) and have a team you trust.

By that I mean a company that will acquire and sell to me a distressed property, handle rehab I pay for, and then provide good leasing and property management in-house afterwards?

Look at each (distressed) property through Investment-colored glasses, and put your personal likes and consumer sentiments aside - completely!

Don't pay off your mortgage, get that cash to buy some distressed properties, fix them up, refinance to get your cash out, put a tenant in the house to pay your mortgage and repeat..BRRR!!!!

These were all conventionally financed, 3/2 or 4/2 distressed properties, except for my residence.