photo courtesy Sarah J. BlankenshipThe City of Georgetown is seeking bids on the former Albertsons grocery store building located at 610 N. Austin Ave.
Georgetown City Council accepted a $3.55 million bid Aug. 13 from M.F. Trinity Management for the former Albertsons building at 610 N. Austin Ave.
The sale is expected to be finalized in 60 days, according to a news release from the city.
According to an agreement between M.F. Trinity Management and the city, potential users must generate a high level of sales tax and offer positive economic impacts to the community or serve a community need. City Council would also be able to have a say in what types of businesses or uses could occur on the property.
The city purchased the building in 2008 and intended to use the site for a public safety and municipal court facility.
M.F. Trinity has not announced a use for the property, according to the news release.
