A[a] former convent in Northeast Philadelphia was among four properties sold at auction by the Archdiocese of Philadelphia and several local parishes last Wednesday at the Sheraton Philadelphia Downtown.
St. Bartholomew Convent in Wissinoming was sold to a bidder for $280,000. Two other properties in Philadelphia and one in Rydal also were sold at the auction. The four properties brought in a total of $1.18 million.
A 48-acre parcel of land located in Plumstead, Bucks County, was slated for auction, but a buyer purchased[b] the property prior to the auction for $860,000.
Kenneth Gavin, director of communications for the archdiocese, said that the archdiocese was pleased with the results of the auction.
“It’s difficult to gauge how each property will be used at this point, but some of the ones in the city were very attractive development opportunities,” Gavin said. “As for the property in Bucks County that sold prior to auction, we are under the impression that it will not be used for commercial or residential real estate development.”
Three properties, two of which are located in Bridesburg, failed to sell at the auction.
All Saints School and All Saints Convent were not sold. A commercial parcel located in Harleysville, Montgomery County, is expected to be under contract within a week.
“We will continue to pursue all available avenues to sell the remaining properties,” Gavin said. “Negotiations are currently in place on a few of them and there is a possibility that all of the properties originally put up for auction will be sold in the near future.”
He added that for the time being, the unsold properties would remain “empty and unused.”
Max Spann Real Estate and Auction Co. oversaw the auction. ••
suggested head: Northeast convent sold at auction