Asking price on Zebulon’s former police station plummets

amoody@newsobserver.comAugust 12, 2013 

— Town leaders on Monday voted 3-1 to slash their asking price for the town’s old police station on Vance Street.

The property at 111 E. Vance St. was previously listed by NAI Carolantic for $242,000. At their recent meeting, commissioners took the advice of listing agent Scott Hadley to try and sell the property for $35,000.

There are numerous issues with the 4,846-square-foot building on the property – including asbestos – that would require extensive renovation for it to retain value. But commissioners are looking to make money, not spend it.

“We’re having a fire sale right now,” Commissioner Don Bumgarner said. “To be sure, that might entice someone.”

Commissioner Curtis Strickland opposed the markdown.

“I always thought the best thing for us to do is demolish the building and keep the lot,” Strickland said. “I think the lot would be more valuable to the town than anything. We might want to expand the fire department to there one day.”

The town looked into demolishing the building and found it would cost about $50,000.

The town board plans to keep the $35,000 price tag for six months. If no one buys the property by then, commissioners will reevaluate their game plan.

The former police station was one of three town-owned properties vacated in the 2010 move to the Zebulon Municipal Complex on Arendell Avenue.

The town also has significantly lowered its asking price on the former council chambers on Horton Street and the former town hall on the corner of Arendell and Vance. Both properties remain on the market.

The town planned to use money from the sale of the three properties to replenish about $750,000 in reserve funds it used to pay for renovations to the new town hall and police station.

Moody: 919-829-4806

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