It has quick access to downtown and a few Universities.

I do like that they are adding more office space, downtown needs it.

Hello BP,I have stumbled across a prime piece of commercial land that would be profitable to develop as multifamily apartments or retail space.

But I can't figure out a way to access it to invest in more property.

Also helps to have easy access to public transit and/or highway.

I'm just beginning the transition to larger multifamily, so any advice is helpful at the moment, and you seem very knowledgeable and proven in the space.

They are used as office/retail spaces.

All you can do is go in and inspect the place, but to what productive end if the previous owner still has access? 

Some people have shoddy credit, some people only focus on the 3.5% down payment (as opposed to the 3-5% down payment for conventional available right now), some people simply don't know and think FHA is the only way to go, some people do not have access to conventional financing for various reasons. 

I am looking to do the same thing as I have some vacant medical office space to fill up.