The Wells College campus, listed for sale in November after the school announced its closure, has attracted serious interest, according to CBRE representatives.
According to new reporting by The Citizen, the firm noted over 60 potential buyers signed confidentiality agreements to explore the property, which has faced challenges due to low local population density and zoning restrictions.
While developers of mixed-use properties and hospitality groups show promise, few educational institutions have inquired.
CBRE expects offers by March, aiming to close a sale by late summer, but unresolved hurdles, including a right of first refusal, could delay progress.
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