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Victoria council to market old Town Shop at 1220 Main Street for sale
Summary
Council accepted the Property Committee recommendation to place the former Town Shop at 1220 Main Street on the market with a 60-day proposal solicitation, a suggested starting price of $100,000, and reservation of rights to accept or reject offers.
Victoria — The Town Council voted May 13 to advertise the former Town Shop at 1220 Main Street for sale and to solicit proposals from interested buyers under a 60-day process.
Councilmember Ronald Mattox, speaking for the Property Committee, recommended placing a "For Sale" sign and asking prospective buyers to submit a proposal describing intended use and an offer. The town will reserve the right to accept or reject proposals and may place stipulations on future use, according to the town attorney.
Council discussed the property’s insurance valuation of $341,868, a tax assessment of $117,800, and a suggested starting price of $100,000. Councilmember James G. Elam Jr. moved to accept the Property Committee recommendation; Ronald Mattox seconded and the motion carried.
Why it matters: Selling the town-owned property shifts responsibility for maintenance and redevelopment to a private owner and could generate revenue; council expressly reserved the right to place use stipulations in any sale agreement.
Next steps: The town will post the property for 60 days, collect proposals, and provide prospective buyers with a request that asks intended use and offer amounts; the council or staff will review proposals and report back according to the town’s stated process.
