As has been said - in real estate - Location, Location, Location. Now - that being said - the location is what it is - can't do anything about it. 2nd to that - you have Condition - and you have Price. Condition would include both physical aspects - inside / outside of the property itself. Then - occupancy which leads to income to support the purchase price - be that what it may be. Then - there is Price - which should be set to maximize your return on your investment and based on the other factors. You should contact an active commercial real estate broker in your market area to assist you in thorough review of your property - location - condition - income and expense and resulting in price that is competitive to and for the market place in accordance with your needs to sell.
May 12, 2011