Which of the following is considered a special purpose property?

Special purpose properties are typically designed for a specific use and often have unique characteristics that make them distinct from general-purpose properties. Churches and schools fall into this category because they are designed for religious and educational purposes, respectively. Their function limits their potential for versatility in use compared to other types of properties, which can often accommodate a range of tenants or business activities.

Unlike shopping malls, apartment complexes, and office buildings, which can have more generalized uses and can adapt to changing market demands, churches and schools are specifically built to serve their respective communities. This focus on a designated function makes them less flexible in terms of re-purposing for other types of businesses or activities. Understanding this classification helps in property management and investment decisions, as special purpose properties often involve unique financing and management considerations.