The General Services Administration (GSA) plans to hold a second auction for a former communications facility run by the Navy in the Potomac Highlands of West Virginia after the winning bidder in an online auction was unable to complete the transaction.
That auction closed in July with a high bid of $11.2 million for Sugar Grove Station submitted by an unidentified buyer. When that bidder entered the contest two days before it closed, the price had reached $6.95 million.
The second auction will be a sealed bid competitive sale, with the bid opening date scheduled for early November, according to a press release. GSA expects to conduct an open house in mid-October.
The 122-acre Navy base closed in September 2015, eliminating one of Pendleton County’s largest employers and the state’s only active-duty military installation. It once supported up to 450 personnel and their families in a self-contained community which includes residential housing among its 105 buildings. The campus is located within a National Radio Quiet Zone.
The site is “ideal for a corporate training center, a university or academic campus, a spa/clinic, movie studio or mountain resort,” according to GSA.