Old Trolley Barn in Rye NH on sale for the second time in 2021
RYE – Six months after being sold to a native of the city who was planning to rejuvenate it as a cafe and donut shop, the famous Old Trolley Barn was released.
Formerly the site of an electric railroad battery charging station and Rye Police and Public Works, the Old Trolley Barn is for sale at $ 577,000.
In May, the city announced that the Select Board had reached an agreement to buy and sell the building and property at 37 Central Road with Bruce Valley, author and retired experimental test pilot and speechwriter of the government.
Authorized by a 2018 municipal mandate article voted by residents of Rye to sell the abandoned property, council sold it to Valley through a closed auction process for $ 411,000 (the minimum bid was $ 400,000 ).
The increase in the listing price over what Valley bought it for is $ 166,000. Then chairman of the board of Rye Select, current vice chairman of the board, Phil Winslow, said in the spring that the Old Trolley Barn was valued at $ 355,000.
City officials said in May that the closed bidding process prevents the city from having to pay real estate agent fees and protects the buyer from paying auction fees.
Valley in the Spring said it planned to open a cafe and donut store on the site but did not have a specific opening date.
Property touted for its location in Rye
a advertisement for building and property on New England Real Estate Network says the two-bathroom building has 1.25 levels, spans 2,825 square feet and spans 0.28 acres in Rye.
âSteps from City Hall, Public Library, City Security Building, College and Parsons Grounds, the property’s 0.28 acres and sturdy barn are suitable for preservation and restoration recommended by experts with its huge roof beams and pearl panel finishes or, with its demolition permit already approved and residential zoning in place, for the construction of a beautiful single family home in a quiet neighborhood of properties similar, âthe online list says.
The Old Trolley Barn is listed as a single family residential building with one car garage capacity.
Recent History of Old Trolley Barn
In 2013, Rye officials finalized a construction study of the Old Trolley Barn, which indicated the building was built around 1898 and used for the local electric railroad until it was abandoned in 1925. .
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Although used for storage, the Old Trolley Barn, at the time of its sale to Valley, had been formally unoccupied by Rye’s departments since 2008.
This spring, the city announced, pursuant to a city mandate approved by voters in 2020 to establish a reserve fund for municipal buildings and construction and renovation, $ 280,000 from the sale of Old Trolley Barn would be placed. on the account.
The funds were to be spent on renovating the old TD Bank building at 500 Washington Road, which the city had acquired and which he said would house municipal offices.
Valley declined to comment for this story. He previously said of his concept of opening a coffee and donut business: “I’ve always seen this building as (having) this function.”
Listing agent Rosalie Andrews of The Bean Group did not respond to a request for comment.