ZEBULON — After years of languishing on the stagnant real estate market, the town’s former police station has a buyer.
Commissioners approved the sale of the police station, at 110 E. Vance St. for $35,001 to Brandon and Amanda LaRoque of Raleigh.
The bid comes in $1 over the $35,000 sale price commissioners set a couple months ago.
“That’s our mimimum asking price, isn’t it?” Mayor Bob Matheny said.
It’s the second bid commissioners have considered in as many months.
In September, commissioners spurned a bid of $25,000 from local attorney Andy Gay.
The 4,846-square-foot building will require significant renovations, according to town officials, including asbestos removal.
Town leaders say they don’t know what plans the new buyers might have for the building, but located in a commercial zoning district, the options are varied.
Though commissioners accepted the offer with virtually no comment, the deal is not yet closed.
The sale of surplus property by the town requires an upset-bid process. Other potential buyers have 10 days from the time of acceptance to offer a bid that’s 5 percent more than the current offer on the property.
If that happens, the town would be forced to consider the new offer. The town could accept the higher offer. If so, the bid process would begin all over again.
This is the third of five parcels the town has been trying to sell since it moved into new quarters on the former Wakelon School campus in 2009. The only remaining properties still on the market are the former council chambers on Horton Street and the old town hall on the corner of Vance Street and Arendell Avenue.
Commissioners also rejected a bid of $20,000 on the council chambers last month. The price tag for that building is $85,000.