The small businesses downtown thrive on foot traffic.  

Like it's not in the worst area but few blocks down the road there is greyhound bus terminal and some unwarranted foot traffic.

Lastly, what does the immediate area look like in terms of traffic counts, population growth, and (just as importantly) egress, ingress, and safety.

You'll also want to impress upon them the benefits to the town that come with that, increased tax base, low traffic business, etc.

The existing owner is getting impatient and has indicated to the tenant that either she needs to buy it now, or he is going to put it on the market.My realtor approached me to see if I would be willing to buy the property for $120,000 and immediately turn around and offer to do a rent-to-own deal with the existing tenant.  

They will either be demanding or can just barely afford it now and you will run into payment issues...PASS....If you are getting low traffic, then its often advertising.

@Sam Josh I have only seen traffic get worse and higher density housing go up.

(the traffic can suck in Nashville too, but again on such a smaller scale that it's not too bad to fight through, at least relatively speaking)  You'll have lots of options in your price point.  

""Conveniently there is a way to track rudimentary traffic patterns across some of China's key metro areas, and they show that - in a confirmation of the worst-case scenario - activity, as measured by travel, across most of China appears to have ground to a halt."

And frankly, when I get on a target I am impatient lol.