What Is An Appropriate Price
Property is listed for 4 times appraised value. Has utility easment that takes up 2.5 acres. Leaves 7.5 acres usable. Offered 2 times appraisal but was rejected. What would be next step? The property would make for nice ministorage with some other businesses possibly.
Is this 4 times the appraised value or the assessed value?
4 times assesed value
Just talked to one of the owners. It seems that the property is being sold because a business partnership disolved. The 2 owners are dealing with lawyers so it is a complicated transaction. Getting info out of the group is hard to say the least. Trying to negotiate some dollar amount from the group but that seems impossible with all the parties involved.
Guess I need some additional uses for the land to justify the higher price.
just thought of this. Is there a commercial broker around that is the king of self-store, that could give you a bpo?