Center Square buildings sold at auction
Two buildings on the northwest quadrant of Center Square in Greencastle were sold at auction last week. The buyer has not been identified, but the winning bidder appears to be from Greencastle, according to the worshipful master of the Greencastle Masonic Lodge, which also was interested in the property.
“It went well for someone in Greencastle,” said Richard Rice of Mount Pisgah Lodge 4430, which meets on the third floor of the next door BB&T building. “Someone got an outstanding deal.”
“I’ve been asked to wait on releasing the buyer of the property. It did sell, the purchase price was $187,000,” according to Drew Dixon of John Dixon and Associates.
The sale does not affect the BB&T office at 40 Center Square, but the bank does own the two buildings at 38-42 Center Square, known locally as the former Western Auto Building and the Conn Building. The storefronts are vacant, but the Conn building has been used as the Old Home Week headquarters during recent celebrations.
They were among a number of BB&T properties auctioned off by John Dixon and Associates. Four of the properties are in Georgia so the live auction was conducted in Atlanta with an online simulcast.
There were four bidders and at least three were from Greencastle, according to Rice, who said the Internet bids and where they were from were displayed during the auction.
The Masons “bid until we knew we couldn’t bid any more,” said Rice, who noted limits had been set been set on what the lodge could pay, factoring in work that needs to be done, including replacing the roof, Americans with Disabilities Act compliance and a number of other issues.
The Masons were looking at the property for a potential lodge as well civic and community space. One building is nearly 15,000 square feet and the other just over 5,000 square feet.
“I hope someone restores these buildings,” said Rice, who added they are gorgeous and have community value.