CARY – Cary School District 26 is trying to sell the former Maplewood Elementary School property for the third time since it closed in 2010.
The long-vacant property, which shuttered because of declining enrollment and high costs of maintaining the facility, costs the district about $65,000 a year to maintain, Superintendent Brian Coleman said.
The district conducted two separate bidding processes in 2010 and 2011, Coleman said. In 2010, no minimum price was set, and the one bid received was too low for consideration. In 2011, a minimum price of $2.2 million was set, and no bids were received, Coleman said.
This time, the minimum asking price is set at $2.5 million, and sealed bids will be opened at 10 a.m. July 5.
“The board just felt it was a good time to put it out to bid and see if we have any interested buyers,” Coleman said, adding that developers have recently expressed interest in the property.
The property, 422 W. Krenz Ave., sits on 15.6 acres and includes a 42,000-square-foot school with an adjacent transportation and maintenance garage and bus parking lot, according to a news release from the district.
“I think it’s in a great area,” Coleman said. “… It’s just a matter of finding the right developer.”
The village has considered buying the property in the past, but Coleman said the village and district recently had not been in contact about the property.
Cary Interim Village Administrator Jake Rife said that at this time, the village is not contemplating buying the property.
The village’s comprehensive plan, adopted in 2015, proposes single-family attached and multifamily housing and park space to be developed at the Maplewood property.
The board unanimously decided to sell the property by sealed bid at its May 22 meeting, Coleman said.
A bidder’s packet and information are available at the district office, 2115 Crystal Lake Road, Cary, and online at www.cary26.org. Any questions on the sale should be directed to Jeffrey Schubert at email@example.com.
Awarding of the bid, if the board decides to do so, would take place July 17. If the property is sold, Coleman said the money the district receives upfront would be used to relocate the bus garage.