#higher education

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Was looking around to see if there were colleges that had closed their doors or listed their campuses for sale just to browse and there's something going on here

Like 370+ up for sale in the United States, there must be some sort of quiet extinction event going on with the more niche, out-of-the-way colleges. Covid and online learning probably started it and Trump defunding everything is hastening it, its becoming a ghost town out there.

And they're also getting no bites it seems, this place in Maine (with an additional 224 acres) is assessed at $26m in value, but its list price is $5m, its sat on market for three years already so you could probably bid lower and they'd take it. I presume its because the market for such places is also other small educational institutions which are suffering badly from the same trends that forced these places under.

It feels like an opportunity, like you can do a lot with this. Its an entirely walkable, self-contained small town. You have residences, administration, services and utilities, dining and minor shopping outlets, a gym, a library. Labs/classrooms/equipment facilities can either be kept as they are or converted into entrepreneurial ventures, paying off a $3-4m loan seems easily feasible if you are a moderately successful online venture/not dependent on locality for your business.