Evidently, its in a 100 year flood plain and raises some issues with developing the rest of the land.Asking is 1.7MM with $150K down, seller-financed.

Given the current circumstances, how would you go after this property?

Part 2Any idea what commercial land development is selling for per sq ft in the city?

Waiting for bank, development of the site has not happened yet. 1st unit!

Leases generally run first to last of month so unless you have a very special circumstance a tenant can not simply postpone a move by a single week.

Currently, we are developing a property in Chevy Chase DC. 

Although I would recommend that you learn to develop your own models as it will save you a ton of hassle and loss of brain cells in the long run.

Tampa Mayor Bob Buckhorn has been an advocate for the development, and economic investment for the area and his efforts are bringing results.Development Projects in TampaOver the past few years, Tampa has experienced higher rates of real estate investment, especially in large community projects.

Considering these circumstances, what would you do?

There is a very attractive 10-year tax abatement that the government offers to qualifying buyers / developers.