November 29, 2022
  • Home
  • >
  • Business
  • >
  • County to consider $900,000 offer for old Walmart property

County to consider $900,000 offer for old Walmart property

Share on facebook
Share on twitter
Share on email
Aaron Ray

By Angela Jones

County Mayor Mark Ward scheduled a special called meeting of the County Commission to review and potentially approve a sales contract regarding the county-owned property at 190 Hwy. 641 N. in Camden, commonly known as the old Walmart property. The meeting is set for 6 p.m. on Monday, Nov. 7.

As reported in the Oct. 20 edition of The Camden Chronicle, Aaron Ray, with NR Plan Properties in Jackson, has been looking at the property to develop as a multi-retail establishment for about three months. He has now made an offer to buy the property for a cash price of $900,000.

On Jan. 18, the County Commission voted to buy the property from the previous owner for $750,000 cash and $950,000 in tax credits (which cost the county nothing). Ray’s offer on the property will exceed what Benton County actually spent on the Old Walmart by $150,000.

On Oct. 20, the County Commission voted to authorize Ward to negotiate a sale of the old Walmart property, stipulating that the Commission would have to approve the final sale. Ward will seek that approval at the meeting set for Monday night.

Related Posts

The Camden Chronicle is an award-winning weekly newspaper in Camden, Tennessee.
Contact us: [email protected]

© Copyright 2022 

thecamdenchronicle.com