Speaking as an agent in Colorado...Sounds like a great opportunity to explore BUT it could be a construction/environmental hazard.

.), Radon, or other environmental issues

I am active duty Air Force with a degree in mechanical engineering and a master's in environmental engineering.

The cost of teardown and removal can be surprisingly high due to environmental issues like lead and asbestos.Edward also has a good point.

Is the purchase subject to due diligence including:1) environmental assessment. 2) review of financials including bank accounts3) independent appraisal 4) title report showing clear and marketable title. 5) interview of property manager. 6) financing.

Apparently the developer left an oil tank in the ground (not in use), and my friends' realtor failed to suggest them conducting an environmental survey.

The Phase I will not only involve an inspection of the premises but also pull public records and interview officials, current owners, neighbors, etc to verify if there have been any environmental issues associated with this business.

I also spent six years in the waste industry as an Environmental Manager responsible for up to $20mm annual construction budgets in 13 landfills in Texas.

-Are there any environmental factors?

Is it an environmental problem to depose of?