Like every other purchase, DD is required. Examine potential yield, rent, sale prices, what the market is doing etc etc.
If it's for redevelopment, have a look at what you can and can't do - whether a building envelope applies, FSR, setbacks, carparking etc etc
It's essentially a commercial zoning that allows for residential development as well. In built up urban areas it is a useful zone for doing a mixed use development - commercial/retail on the ground floor, residential units above.
It's not an immediate jump on it. It's not an immediate avoid. It's just another zone that you need to do usual research into the property to establish if it is a smart purchase.