i purchase real estate (with other people's money) for a living in PA.in PA that would be a great price. In PA. location is key.

step 1.-get an attorney who specializes in real estate-you won't regret the additional expense. he can get the appraisels, comparables, and answers to questions you may not even have thought about (e.g. how much is in a floodplain, where's the army corps of engineer's bulkhead line) etc.
step2 . see step 1.