I would offer to pay $600k to the seller but I would want a year to complete all of the entitlements and settle with permits in place and originate my construction loan as part of the settlement.

Anybody has the historic yearly appreciation data on storefront retail spaces in mixed-use (with hundreds of residential spaces above) commercial real estate? 

@M Amin You may want to exercise caution when using a series LLC for commercial property.

Entering into commercial property acquisition - builders were looking for seed funding to kick off the project How did you find this deal and how did you negotiate it?

Commercial real estate is an exciting space, and you're in the right place to learn and grow.

Do you also plan on getting a commercial insurance policy?

Having a commercial policy usually only covers property and liability, hence the reason for having the umbrella as well.

Would I be more than likely applying for a commercial loan or a residential loan?

Quote from @Manuel Moreno: Quote from @Robert Ellis: Quote from @Manuel Moreno: Hey Bigger Pockets community,My family has been in commercial real estate development for years, and one recurring pain point we’ve constantly dealt with is unexpected site costs. 

Commercial loan.