Friday, 06 December 2019 16:02

Bids reopen on former Richmond County admin building

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The former Richmond County administration building, which previously served as a federal courthouse and post office, is up for auction again, with a starting bid of $49,000. The former Richmond County administration building, which previously served as a federal courthouse and post office, is up for auction again, with a starting bid of $49,000. William R. Toler - Richmond Observer

ROCKINGHAM — The former Richmond County administration building is going back on the auction block after a sealed bid failed to bring in a satisfactory price.

Iron Horse Auction Company announced Friday afternoon that real estate investors will have another opportunity to purchase the historic building that previously served as a federal courthouse and post office.

County Manager Bryan Land told commissioners Tuesday night that there was a lot of interest, but only two individuals submitted bids, “which were extremely low” and recommended that those bids be rejected.

Marc Baysek, of Iron Horse, called the county’s decision to have another round of bidding “a smart move.”

Baysek said Friday that he received several calls the day after the Nov. 25 sealed-bid auction from “interested parties” who had not bid.

The initial high bidder was from the eastern part of the state, according to Baysek, but the post-bid “flurry” of interest has been mostly from local real estate investors.

The starting bid this time around is $49,000 — which is more than the highest bid last week — and Baysek said he already has one bid at that price.

The building is listed on the National Registry of Historic Places and is “a vital part of Richmond County's past,” according to the press release.

"Second chances do not come around very often in the real estate world when it comes to such a unique property,"Baysek said in the press release. "Interested parties should act accordingly this time."

As it is now, the building has a total of 32 offices on three levels and 12 bathrooms, including on in the basement. It also features two conference rooms, two walk-in vaults and other areas, according to the listing.

The two iron light fixtures on the front of the building will be removed by the seller. There is a note that if the building is demolished, the Richmond County Historical Society requests the capstone from the roof.

Online bidding began at 8 a.m. Friday and continues through to 2 p.m. Dec. 13.

For complete information, call 800-997-2248 or go to ironhorseauction.com.