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Updated over 2 years ago,
I've noticed the Catholic Church selling off lots of land. You?
I've noticed the Catholic Church selling off lots of land. As in acres upon acres, in cities around the world, but I'll stick to what I've seen in the US. I know some of it is to pay off victims, but I wonder if there are additional reasons. It's a lot of land and therefore a ton of money.
Has anyone here noticed this and/or bid on some of the land?
My point is, if you're looking for prime locations for real estate, you may want to check if Catholic churches near you (or elsewhere) are selling. Many cities/towns in the US were originally built around a church, so that land is still centrally located. Some of the properties are historic, so there would be special zoning laws attached, but most aren't. I've seen some churches specify who can bid on their property (e.g., must have done development work in the city previously, must be based in the city, etc.), so you may run into that as well. Additionally, I've seen churches that have their parcels envisioned in a city's 2040 Comp Plan as multi-family (high-density residential).