OGDENSBURG - A quarter-acre parking lot bordering Ford and Caroline streets across from City Hall will hit the auction block next month for an initial asking price of $30,000.
The lot, 420 Ford St., has been owned by the Ogdensburg Growth Fund Development Corp. since 2011 when the organization parceled off and sold the former U.S. post office building located at the same address for $350,000 to the Center for Sight.
Left behind after the business transaction was an L-shaped, one-quarter-acre lot currently used as public parking space.
Ogdensburg Director of Planning and Development Andrea L. Smith said the Growth Fund board of directors has decided that keeping the parking lot does not fall within the organization’s mission statement. Formed in the early 1980s, the non-profit fund was created to enhance quality of life in the city by fostering cooperation between government, economic development agencies and the private sector to strengthen businesses and create economic, housing, and career development opportunities, according to its website.
“The fund has been deciding what to do since January or February,” Ms. Smith said. “It wasn’t really within keeping with their mission statement to retain a municipal, public parking lot.”
Ms. Smith said the parking lot has been appraised at $30,000, which will serve as the minimum bid that will be accepted when the parcel is auctioned off July 14. She said bidding will begin at 1:30 p.m. in the City Council chambers at City Hall, 330 Ford St. Ten percent of the highest bid must be put up at the time of sale, with the balance due at closing.
The property is being sold without restrictions, and, although currently used as parking space, the parcel is zoned for other uses as well, according to Ms. Smith. She said there is no requirement to build on the lot, but that city officials would welcome any development that meets code and zoning regulations.
“It is a parking lot, it has been a parking lot probably for several decades, but it is a buildable lot in the city’s residential, business district, which is a mixed-use district,” she said.
The parking lot to be auctioned off by the Growth Fund July 14 can be accessed from either Ford or Caroline streets and is surrounded by business offices and homes. There is space for 30 to 40 vehicles.