Property Management: Surplus Property
Surplus City-owned property
Property Management annually reviews the City’s real estate inventory to determine if we have surplus property to offer to sale to the public. If so, each such property is typically offered through a bid process, advertising through local media and talgov.com. If we do not receive an acceptable bid, the parcel(s) may be listed for sale with local realtors.
Currently, the City has one listing, the former utilities drive-through payment center at 600 North Monroe Street. This 1.25 acre site is listed for $995,000. Information about it is available at the site of NAI Talcor, a commercial real-estate services firm.
The image at the top of this page is an artist's rendering of a proposed mixed-use development, the so-called "Salie property," in the vicinity of Gaines and Gay Streets. This development will result from a partnership between the City and local development/design firms. The property itself was previously owned by the City, which cleaned it up following years of occupation by various industrial concerns. Only then did we offer it for acquisition.