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If I own a condo or some other property in a complex (parking space also came to mind), what happens to ownership if the property needs to be demolished or rebuilt?

Hi all, curious about the above because I've been looking at different condos and several of them that I am interested in are mostly older (like 1920 for one in Boston). I'm curious about the freak chance (I know it won't happen, more out of curiosity) that I 'roll a one' and buy a condo, but the building is demolished at some point in history. I know buildings get fixed and renovated for centuries, I'm thinking freak chance here.

Is the property worthless/just worth what the land is worth because it will no longer exist? Is the construction company/HOA/other fees that a parking garage might charge you idfk required to pay me for what the room was worth before being demolished? Or might it be worth an equal amount of space in the new building?

submitted by /u/dudecool2016
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source https://www.reddit.com/r/RealEstate/comments/knhdvs/if_i_own_a_condo_or_some_other_property_in_a/
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