The best thing to ask is does the property flood. Also you need to know the river frontage. Then if you are developing you will need to do a phase 1 and a lot more. Please give us a call and we can more completely answer your questions: 985-507-7654
There is also something called a CLUE report(it's available online) which can give you the history of any insurance claim that has been filed for the property.
You should ask to see the seller disclosure. The seller provides information as to the flood zone and whether or not the home has ever flooded to their knowledge. If the home has been listed in the past, (depends on how long ago) your realtor could look at previous seller disclosures on the MLS to provide you that information.
You could also ask about the utilities, homeowners and flood insurance premiums and how much property taxes have been.
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