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Consider a property that is worth $45,000 as a vacant commercial site. The property is improved with a single-family residence. As such, the property is

Consider a property that is worth $45,000 as a vacant commercial site. The property is improved with a single-family residence. As such, the property is worth $35,000. If it costs $5,000 to demolish the structure, what is the value of the site? What is the value of the structure? What is the highest and best use of this property

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