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Small business - environmental testing? |
We are interested in buying a business property in Utica - NY; the Seller conducted environmental testing in 1996 that indicated that the groundwater had been impacted by various compounds at concentrations exceeding state groundwater standards. The seller wants to sell the property 鈥渁s is鈥? We are interested in understanding the process, who should we contact to get more information in case like this? Will there be any issues when we try to get the acquisition besides an inability to get financing? We can buy the property in cash if needed by. Stay away from any purchase like this unless you can get a new "clean" bill of health on this property. Don't buy it "as is", unless you never intend to use it. This would basically be like buying an old land fill site, and trying to get permits to build something on top of it. Beware! |
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