Wanna Buy A BANK? Maybe A COIN SHOP?

Jun 20, 2020 at 07:15 pm by WGNS


(MURFREESBORO) Wanna buy a bank building? Well, July 30, 2020 could be your lucky day. That's when Rutherford County Government conducts two public auctions.

The first is for the old Murfreesboro Bank & Trust building at 22 North Public Square. The other is the back of the structure. Many remember it as the coin store at 124 North Maple Street.

In the 1920's, the Murfreesboro Bank and Trust Company built the bank on the north side of the public square. The building was later rebuilt in the 1950's. As Rutherford County grew.

When the bank closed, the county took over the property. Now that the new Rutherford County Judicial Center is completed, the office space in the old bank building is no longer needed.

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County Mayor Bill Ketron noted in an earlier WGNS' broadcast . . .

The bank building has approximately 13,800 square feet of space, and the coin shop is around 5,040 square feet.

For those who are serious contenders, you can tour the property from 8:00 in the morning until 3:00 that afternoon this coming Wednesday through Friday, June 22-26, 2020.

In recent years, several potential investors spoke with county leaders about purchasing the property and placing a restaurant in the building with a roof bar, others wanted to raze the structure and put retail on the ground floor with residential space above, and some wanted to create small office suites.

Obviously, those dreams soured and the county is moving forward by putting the structure on the auction block. Whatever it brings, Rutherford County will benefit. As it currently stands, since the property is county owned--it brings in zero property tax dollars. Whoever is the high bidder will be the lucky dude to put the complex back on the property tax rolls.

Both structures are zoned in the Central Business District (CBD). For more information about zoning, contact the City of Murfreesboro Planning Department for CBD uses by emailing planning@murfreesborotn.gov or by calling 615-893-6441.

For more information, contact Steve Sandlin, Deputy to the Mayor, at 615-849-4851 or 615-898-7745 or or 615-403-1822.

There is more information at www.RutherfordCountyTN.gov/Auction.