What’s the old Wakefield City Hall worth?

Written by on June 25, 2019

WAKEFIELD — What’s the old Wakefield City Hall worth?
“Most of its value is in the lot,” real estate appraiser Tom Williams told the Wakefield City Council Monday, elaborating on the written report he had been commissioned to perform, a document the council had in advance of the meeting. Earlier in the year city manager Robert Brown told the council that a party had expressed interest in purchasing the building. Constraints on sale of public property indicated an appraisal would be needed, and the council agreed. Williams said his evaluation was to help the city “to determine a possible course of action.” He said the building is old, physically and functionally obsolete. He said he searched for sales of comparable buildings, and there are none. “The rental market is non-existant.” “The chance of selling it to someone else is pretty much nil.” Demolition will likely prove expensive, due to potential hazardous or detrimental conditions, “primarily asbestos on heating pipes. He said he also found “a mold-like substance” in the basement. The city abandoned the south end of the building when it moved to the former Father Daniel Hall, which is now the Wakefield Municipal Building. It continues to use the north side of the building as the city garage. Any reuse of the main part of the building appears unlikely. More in this weeks Wakefield News / Bessemer Pick and Axe.

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