Question by uncleshen: Will a big nice church property hurt my chance of cashing in on a lot?
There is a 4000 ft2 vacant lot in a bad neighborhood for sale. It is adjacent to a big nice church property (55,000 ft2, most of it is parking lots surrounding a nice church). I am betting that that area will be redeveloped in 20 years. My question is that will the church hurt my chance of cashing in on the land when that redevelopment happens? Or will I be better off buy something surrounded by other houses in the same area?
Answer by Bryan W
Eventually that church will need to expand.You could benefit then.
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