SALE COMPLETE! 241 Acres - Georgetown Road

Posted on Wednesday, March 09, 2022
Exciting News! The sale of 241 acres of surplus property on Old Georgetown road is complete. The starting offer on this property was received in January 2021 for $5,745,000.00. After 8 months of negotiations and 9 upset bids, the Board voted to accept an Offer to Purchase from Stanley Martin Homes in the amount of $11,000,000! Thank you to Mayor Smith for your tireless efforts to achieve the highest and best outcome for the Town (with 0% commission. A savings to the Town in the amount of $330,000)

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