No one bid on the former Wrangell hospital building, which the borough had offered to sell at a minimum asking price of $830,000.
The bidding period was open for a month and closed last Thursday. The property is now available for an over-the-counter sale.
“It means that the first person to come in to sign an intent to purchase with a 20% down payment (payment in full within 60 days of signing) would be the buyer,” Borough Clerk Kim Lane explained last Friday.
“If that happens, I would then take a resolution to the assembly to approve the sale.”
If a prospective buyer wants to offer less than t...
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