Bid in latest auction for Cape Girardeau federal building at $32 - KFVS12 News & Weather Cape Girardeau, Carbondale, Poplar Bluff

Bid in latest auction for Cape Girardeau federal building at $325,000

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CAPE GIRARDEAU, MO (KFVS) -

Is $325,000 enough to buy Cape Girardeau's former federal building?

Leaders with the General Services Administration are weighing that offer after closing its latest auction involving the now vacant building in the 300 block of Broadway in downtown Cape.

"From here, GSA will evaluate the offer," explained spokeswoman Angela Brees.  "If accepted, we will close 30 days from the acceptance date.  We will not release the identity of the winning bidder until close."

The GSA originally put the building up for auction in May 2011 with a suggested opening bid of $750,000. 

There was not a suggested bid listed with this most recent auction.

"We understand that it's a tough market right now," says Brees.  "With the last tenant moving out in May 2011, the building served the government well for more than 40 years.  We of course want the highest sale price possible, but ensuring the building is available for reuse or redevelopment is a high priority as well."

Brees says there are no restrictions on buying the building, but the person or entity must adhere to zoning regulations or other city and county laws and regulations. 

Court services moved out of the Broadway location with the opening of the Rush Hudson Limbaugh Federal Courthouse in June 2009. 

St. Louis Minister Larry Rice failed in three attempts to acquire the building for use as a homeless shelter.

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