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First bid received and accepted at $140,000

TRYON—The Town of Tryon is selling the property that used to be the Melrose Inn. 

Tryon Town Council met last week and accepted a bid of $140,000 for the property, located at 55 Melrose Avenue. 

Commissioners accepted the bid and approved resolutions to begin the upset bid process. 

The town purchased the property after the inn burned in September 2018. The town decided to purchase the property in order to clean up the property and resell it. The town spent more than $80,000 to clean up the property and spent $40,000 to purchase the property.

The town discussed the need for the property to be cleaned up for years following the fire. The inn burned to the ground but there was a basement remaining as well as asbestos discovered. The town closed on the property in late 2020 and paid to clean it up. 

The Melrose Inn was a 26,000-square-foot building constructed in 1889 and burned following an electrical fire. 

Tryon has advertised for upset bids on the .53-acre property, which is located across from the Tryon Fine Arts Center.