a phase one environmental study would be important

Repurposing underutilized structures is more environmentally sustainable than demolition.

@Justin Cooke If you can afford to do the subdivision map now, that would probably be the smart move. the reason being, you have no idea what new environmental laws, or other constraints could be put on the property in the future that would make it more expensive to develop.

It has excellent frontage and I have completed environmental studies, geo reports and surveys.

My question is, because of the environmental issues should I just move on or can I invest in these properties even with the asbestos.

If a professional determines that you do have some kind of environmental hazard (lead paint, asbestos, ...) then there can be more stringent requirements on disclosure, remediation, etc.IANAL.... 

Bellingham has a lot of people who are environmentally oriented.

This shift is largely influenced by stricter government regulations and the rising costs of insurance due to environmental factors.

- Rental Roll- Last 3 year P&L- Inspection Report - Environmental Inspection ReportWhat else I am missing? 

This boomerang effect is more than just a change in addresses; it's a reflection of our evolving work culture, environmental awareness, and the ever changing fabric of community life.