The Overton County Annex Building has sold for $301,000, exceeding expectations for what the building could bring in.
County Executive Ben Danner said they got over 100 bids on the property. Danner said the bid winner has a track record of purchasing and renovating buildings in Livingston and Overton County.
“A lot of people are really passionate about the building staying,” Danner said. “Because a lot of people were born there, some people had family members die there. The county didn’t need it at this time, but I’m glad that it can be repurposed for something else.”
Danner said he did not know what kind of bids to expect since it had been so long since a building that size was auctioned. Danner said he has already started talking with commissioners about using the money to pay off debt on the new county building.
“I would like to pay it on the new county building,” Danner said. “Which we’ve been paying extra on it and we got a rather large donation on that building anyways. We’ve not been in that new building a year yet, so it would be really nice to have it mostly paid off within a year. Because most of the time when the county has built something we’ve had to spread it out on 30 or 40 years.”
Danner said they will close on the property sale within 30 days. He said the bid winners name will be released when the contract is signed.
Danner said between the building, furniture and equipment from county departments, the surplus auction was one of the most profitable the county ever had.
The post Overton Annex Building Sale Nets $301,000 for County appeared first on News Talk 94.1/AM 1600.