A quick look at PG County website and it appears that wells and septic systems are prevalent.http://www.princegeorgescountymd.gov/2133/Wells-Sewage-Disposal-SystemsWells & Sewage Disposal SystemsServicesPrince George's County Health Department provides several services to residents as part of the Environmental Engineering Program, including: Percolation tests to determine the suitability of soils for individual sewage disposal systems (See our Percolation Test Application (PDF).)Review of septic system plans and issue Septic System Permits for the replacement of failing septic systems (See our Septic System Design Manual (PDF), for review and permitting of conventional septic systems for new construction.)Site evaluations for replacement wellsWell PermitsInspection of well and septic system construction in existing homesDisbursement of funds from the State's Chesapeake Bay Restoration Fund for the installation of Best Available Technology (BAT) nitrogen-reducing septic tanks or connection to the public sewer.

They have created ridiculous regulations that if 3 drops of heating oil, which is just diesel fuel, hits the ground as if it creates some type of environmental catastrophe

All I have are these four rules, which guide my transactions:Invest in growing marketsDiversify in types of properties, geographies, and partners  Make the numbers workNo environmental concernsSFHs, multi-family, commercial, land?

Marco Giovannoli If you want to do this on your own, I suggest you:- speak with a planning consultant to get a good idea of the approvals process and timeline; - speak with an engineering consultant will give you an idea of the costs involved with servicing a site that size and a reasonable timeframe to complete the work;- speak with the town planning department to get a sense of the town's view regarding the development and determine the paperwork/studies that will have to be submitted;- ask the vendor/broker if there is an environmental report done for the site to determine the extent to which soil remediation will need to be undertaken;If this is your first project, I highly suggest you find a developer to partner with in order to learn the process first.

I'll be in touch, but in short - my business partner and I acquired an environmentally-impaired property from a corporation that consolidated and relocated.  

They may require a Phase 1 environmental, and other requirements.  

Environmental report & inspection went as expected - as these reports all seem to be about cya.  

I think it totally depends, but I would probably start by going down to the city and seeing if you can get any information on it such as the owner, tax liens, environmental or zoning issues that could lead you to why it might be vacant.

Cody, a Class A building and Class C building would have different Cap Rates, so even with the same NOI they will have different values.And yes, an empty building may very well be worth $0 or less--if there are environmental concerns, for example.

The risk is that the tank leaks and you'll be looking at crippling cleanup costs.If it were me, I'd make my offer contingent on the tank being removed and the surrounding soil being tested by a licensed environmental testing contractor and coming back clean.