After a live auction was delayed last week, the former Anderson Bank Building has been sold. Our partners at The Herald Bulletin report the name of the potential buyer and terms of sale are not being released until the deal is finalized.
Michael Fine, managing broker for Chicago-based Fine & Co., which was handling the auction, told the publication in an email the building was placed under contract for a possible sale Thursday, the same day the auction was delayed.
"The sale of the former Anderson Bank building provides not only new ownership but new vision which will benefit and we expect stimulate the community," Fine said.
The auction was delayed due to a low number of bidders, Fine said Thursday.
The seven-story building was constructed in 1928 and was added to the National Register of Historic Places in 1985. The building includes more than 57,000 square feet of space and is 27 percent occupied, including a PNC Bank branch office on the main floor, according to The Herald Bulletin.