Pretty smart
While I'm certainly no expert, my uneducated opinion is that, if this young investor, of just 30 years of age, can afford to sit on the property for a bit ( maybe a couple of years, or a touch longer) and the Weirs makes a comeback, which I believe it eventually will, and turns into something like Meredith, he has stolen it for $580,000. If that area can become what it once was, and attract the visitors it once did, it would seem to be a property worth well above a half million.
Granted, I am not talking about an economic upturn, thus returning vacationers to the area. I'm talking about a full scale tear down, and rebuild of the entire Weirs strip.
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