|

Nathan Fisher House going back on the market

Westborough – After an unsuccessful try at finding a buyer for the historic Nathan Fisher House, the town of Westborough will be putting the property back out to bid.

A Request for Proposal (RFP) was issued for the property in June. The Aug. 2 deadline for proposals came and went with no takers.

Town Manager Jim Malloy said he was not surprised by the lack of bids.

“It is a property that needs a lot of work,” he said.

Malloy estimated that it will need an investment of close to a million dollars to make it usable. The home, which sits on 3.33 acres of land, is assessed at $875,100.

In addition to the financial investment needed to improve the house, the Massachusetts Historical Commission’s (MHC) preservation restrictions might be deterring interested parties. The MHC imposed restrictions that require a buyer to preserve the building’s exterior and historic appearance. Town official s sough t an d received approval from the state legislature and the governor to have the restrictions lifted, but the MHC is keeping the requirements in place; the MHC is the only governing body with the power to remove such restrictions from a historic property.

Malloy expects a new RFP to be published by the end of August and said there is still a possibility for a successful bid.

“It’s a matter of timing,” he said. “You never know who is in the market at any given time.”

The 3,696-square-foot building is located at 146 Oak St., overlooking the westbound side of Route 9. Originally built in 1820 as a home and later a business for Nathan Fisher, the building was once used as part of the Lyman School for Boys. It is currently zoned for Highway Business.

Malloy said that the town may consider auctioning the property if the new RFP fails to attract any bids.

Short URL: http://www.communityadvocate.com/?p=7793

Posted by on Aug 27 2010. Filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Leave a Reply

Please complete this math problem before clicking Submit * Time limit is exhausted. Please reload the CAPTCHA.

Recently Commented

  • Jennifer Owen: In these troubling times, it is so wonderful to hear a story like this, in our own community no less....
  • Reli Abilities: Yet the Town of Northborough removed the Accessible Route for individuals who are disabled into the...
  • Ken: Daniel Wesson was also co-founder of the Smith and Wesson Revolver Company in 1856, later Smith and Wesson...
  • Jim Pillsbury: What is it about democracy and the rule of law that Ian Johnson doesn’t get? The gutless leaders...
  • Terry: As a town resident who rides by this development twice a day it nice to see how it is taking shape. I feel...