Buy Land—They Ain’t Making Any More Of It; Government Real Estate Disposal Sales
The United States General Services Administration (GSA) is a federal agency responsible for promoting effective use of federal real property assets, as well as the disposal of real property that is no longer mission-critical to federal agencies. With thousands of properties in the federal portfolio, disposing of underused federal property is a considerable task. GSA—while working together with partner federal agencies, state and local governments, non-profit organizations, business groups, and citizens—leaves a lasting positive impact on communities by making valuable government real estate available for numerous public purposes. As any person wanting to establish more independence and self-sufficiency, land and property in general are one of the most challenging and potentially expensive aspects of any plan. If you’ve ever seen a vast, abandoned government property or complex and wondered what will become of it, here’s your answer… and your opportunity. Unneeded or underutilized federal property can vary widely in type and value, and may include:
- Undeveloped land;
- Office buildings;
- Commercial and industrial facilities;
- Military holdings; and
- Single- and multi-family residences.
These former federal properties can contribute to a community’s vitality by providing benefits such as:
- Expanded employment opportunities;
- Housing for the homeless; and
- Establishment of educational centers, parks, and open spaces.
Property may be located in any of the 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, and the U.S. Pacific Territories.
Office of Property Disposal’s Resource Center: Provides information about the handling of excess real property.
Office of Property Disposal’s Home Page: Provides information on properties being offered for sale to the public.
Disclaimer: While there are legitimate companies that help facilitate these sales, most of the information around GSA sales is public knowledge. Be wary of people trying to sell you listings of properties and similar information.