ATTLEBORO - The asking price of a vacant
factory on Walton Street that some think should become the city's
new public works facility has plummeted because of a lack of offers
and a depressed economy.
Gerry Surprenant, a broker who represents the seller and works
for MG Commercial out of Providence said the double whammy has
prompted the owner to slash the price.
"It's a buyer's and tenant's market, that's for sure," he
said.
Three months ago, the property, which includes a
128,000-square-foot building and about 6.5 acres of land was listed
at $3.1 million, but was dropped to $1.9 million. Now the owner is
willing to let that go too.
"The seller at this point is very anxious," Surprenant said.
"We're saying make an offer and forget the $1.9 million asking
price."
Surprenant said notes were sent to Mayor Kevin Dumas, city
councilors and members of the Attleboro Redevelopment Authority in
a bid to interest them in the property, which local contractor
Billy Walsh has been pushing as a good spot for a new DPW
building.
Walsh said the property, the former Kilmartin-Roger Williams
Mint, could be bought for $1 million or less, but Surprenant didn't
talk numbers. He said the owner, Martinet Holdings Inc., wants the
property sold quickly.
"The seller doesn't want to be in the real estate business," he
said. "This is a big building for a little money."
Mayor Kevin Dumas did not return calls for comment, but has
previously said it's "very unlikely" the city would change course
from its intent to put the DPW on a city-owned Lamb Street
site.
The ARA must relocate the DPW from Wall Street to make room for
the downtown revitalization project and has a $2.3 million federal
grant to spend on it.