The Purcellville Town Council is making progress in efforts to generate revenue from underused town properties.
Town Council voted Tuesday night to have the town-owned Pullen House property appraised—a first step in selling, leasing or redeveloping the site. The property, located directly across from Town Hall at 301 S. 20th St., was purchased by the town in 2011 for $175,000. While it has not been appraised in recent years, its current value is assessed at $236,240.
A town-issued request for information to the public seeking ideas for different uses of town assets sparked some interest in the Pullen property. One respondent’s idea for the land included demolishing the house and building a one or two-story commercial building to provide leased space for businesses.
Councilmembers agreed the property is still an asset to the town and that it needs to be appraised before taking any further action.
“It’s depressing to walk by and see wild ivy growing up on the side of an asset,” Mayor Kwasi Fraser said. “I would like us to at least consider putting that asset back on our revenue role.”
The property is comprised of two separate lots with one, 15,661 square feet and the other 5,831 square feet. As a whole, the property consists of .51 acres.
According to the town staff report, the property was initially purchased by the town for future use as overflow parking, development of a pocket park, a storage location for special events equipment, or other income-generating opportunities.
Background information on the property provided by the town staff stated the 2012 estimate to tear down the house to be $39,500. This excludes an asbestos abatement, which was estimated at the time to cost about $25,000.
Interim Town Manager Alex Vanegas said at the council’s meeting Tuesday that town staff would speak further with the RFI respondent while concurrently searching for the best appraisal value.