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Churches Taking Their Properties to Auction

HOUSTON-Area churches have resorted to public auctions to unload 34.5 acres. Cantu Investments snags 11.5 acres in northeast Houston, with a top bid of $168,000 for the commercially zoned property.

By Jack Burney | Updated on November 15, 2000

HOUSTON-When Houston-area commercial properties have been shopped and become “stale,” one way to move them out quickly is by auction, according to Amy Silvey of Clay & Co. That applies to church properties, too.

Silvey says “it’s a common practice. It happens every so often.” She has moved three such properties last week for the Catholic Diocese of Houston-Galveston.

Marking the highest transaction, Cantu Investments is shelling out $168,000 for 11.5 acres of commercial land along Wallisville Road in northeast Houston. In other sales, Glenn Bailey has paid $75,000 for 7.5 acres of commercial land on Longmire Road in Montgomery County, just north of Houston while Randy and Gary Weiss are the successful bidders for 10.5 acres of commercial land along Franz Road in the Houston suburb of Katy. The Weiss’ are paying $85,000 for the acreage.

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