In revitalization effort, Gardner discounts sale of City-owned properties, including school and factories
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The former Prospect Street School in Gardner was built in 1923.
The City of Gardner is looking for developers to breathe new life into City-owned abandoned sites and occupied residential property.
The five properties are being offered through a request for proposal process, listed by Pelletier Properties in Leominster.
Prices are low because the cost of redevelopment will be significant, and the City would rather see the properties be productive and contributing to the City tax roll than just getting a large one-time payment, Gardner Mayor Michael Nicholson said in an interview with WBJ on Friday.
Properties available include the 100-year-old former Prospect Street School at 75 East Broadway. The school, which closed in 2019, needs a new boiler, Nicholson said.
Three former factory sites at 14 Leamy St., 73 Stuart St., and 177 West St. are available. The Stuart Street property is available at a minimum price of $17,000 because the factory building at the site needs to be demolished. The other two sites were demolished and cleared by the City.
A residential building, occupied by tenants, at 478 Chestnut St. is being listed as well.
Proposals will be reviewed by the City to ensure buyers are qualified and have a plan that will provide maximum value to the community. The minimum bidding on the five properties ranges from $17,000 to $100,000.
Deadlines for proposals for individual properties are throughout March.
Nicholas Pelletier, president of Pelletier Properties, is fielding inquiries on behalf of the City of Gardner in the sales.
CORRECTION: A previous version of this article stated that 73 Stuart St. was listed for $1. The property was erroneously listed for $1 and the correct minimum price is $17,000.
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