You would have a locked in 27k profit if buyer exercises option or you will have a property that is assessed at 120k and has massive equity already built in.

A house that sells turnkey retail for 60k at this late phase in the market, that would probably easily cost at least double that to rebuild is a house that has gone DOWN in inflation adjusted value, probably consistently for decades on end.

.- Property boasts 14 acre lake- 3/4 acre swimming area with platform and waterslide- Pavillion-Water and electric to 65 sites now --much room for additional sites-2 bath houses..one with showers4- bedroom farmhouse1- Country Style Retail storeCurrently operating 5 months/ present owners seeking approval for year round operation..Current owners feel that marketing outside the traditional campground guidelines -- organizations interested can still operate under campground status while implementing ( the buying organization ) its message/lifestyle...** Option 1-- Property could be bought with mineral rights ( property sits atop natural gas reserve...not yet developed...residual income once NYS approves ..Marcellus Shale Country...

- - I just heard about this site and this is my first post so any feedback is greatly appreciated - - I am a residential real estate broker in Washington State who helped a client buy a small piece of commercial/retail/residential zoned land in a very "up and coming" area.

Just heard on a podcast today, one guy's strategy specifically at or near the bottom of the market is to basically over-rehab to make sure his property really stands out to prospective buyers, recognizing he is probably drawing from a smaller pool of retail buyers at that time. 

Yes they are expecting that area to be gentrified so my advice to you would be to purchase properties there as cash flow until the market supported a massive jump in pricing due to demand and then flip and sell.  

This would be the 2nd massive development in the area (see Uptown Star project), and the initial proposal sits at $50 million.Those in favor quote the obvious boon to the neighborhood and the city in general.

This is the logic that'll get people over leveraged and totally screwed, assuming he's not a massive investor with plenty of properties or capital at hand to easily need this item sooner rather than later. 

Some areas have massive numbers of new units being built.

I suggest you google a commercial brokerage in your area that specializes in Retail.