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<br /> Both of the Churton Street properties and the old Purchasing office at 129 East King Street,
<br /> which the Board has also identified for divestiture, have been actively discussed by the Heritage
<br /> Center Task Force as potential sites for the Center, although no recommendations or decisions
<br /> by the group have been received. The 112 N. Churton Street property has also been noted as
<br /> a potential location for the Public Defender's office at such'time it is relocated from leased
<br /> space at Carr Mill Mall. Prior to the properties being advertised, or as would be the case for the
<br /> Churton Street properties, re-advertised, the Board is asked to discuss these matters and
<br /> provide any information that might change the intent to solicit the property bids.
<br /> 129 East Kinq Street; PIN #9874068476• TMBL#4.30.B.3
<br /> This property is located on the north side of East King Street between Churton Street on the
<br /> west and Cameron Street on the east. It is a rectangular shaped lot containing 10,647 square
<br /> feet (0.24 acres), with approximately 39.875 feet of frontage along the north side of East King
<br /> Street. The lot is 267 feet deep. The building contains 6,662 square feet and covers the lot
<br /> except for a small three car parking area to the front and an area about 50-60' behind the
<br /> structure. Approximately 4,622 square feet of the building was improved for use as office
<br /> space; open storage and mechanical space comprise the remaining approximately 2,040
<br /> square feet. The storage and mechanical areas of the building are not conditioned space.
<br /> The property is located in the Central commercial District for the Town of Hillsborough.
<br /> Permitted uses include banks, bars, churches, clubhouses, community centers (conditional use
<br /> only), convenience stores, day care, funeral home, government facilities and office buildings,
<br /> hotels, library, laundry services, offices and personal services, printing, restaurant, retail sales
<br /> and schools. There is no minimum lot area or width requirement, nor front, side and rear
<br /> setback.
<br /> This property is within the Historic overlay district for the Town of Hillsborough.
<br /> The highest and best use for the property as cited in the Appraisal is either office or retail use.
<br /> The historic importance of this structure has not been established; however, staff is not
<br /> recommending a Historic Preservation Easment be placed on this property.
<br /> Appraised value for the property is $590,000, established as a range of value based on the
<br /> Sales Comparison Approach ($587,000) and the Income Approach ($598,500). Staff
<br /> recommends $590,000 be set as the minimum bid for this property.
<br /> 1 914 New Hope church Road• PIN##9872862049• TMBL# 7.9..14
<br /> This property consists of 1.84 acres with one structure containing approximately 6,152 square
<br /> feet on two levels. There is no elevator; however, the structure is built in a manner that both
<br /> levels are accessible at grade from the front and rear of the building. The facility was
<br /> previously used by the County for its Emergency Services operations. Those operations have
<br /> since been relocated. No alternate use has been identified for the facility at this time.
<br /> The property is zoned R-1, Rural Residential District. Permitted uses include child care facilities
<br /> (Class B Special Use), church, community center (Class B Special Use), government facilities,
<br /> public parks, schools (Class A Special Use), clubs or lodges, greenhouses and kennels.
<br /> According to the appraisal prepared by Pickett-Sprouse Realtors, dated July 29, 2009, the
<br /> highest and best use for the property is likely for child daycare, churches and schools.
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