Although 65 E. Cherry St. may be beyond repair, the Redevelopment Agency might make an offer on the property.

City Administrator and Redevelopment Director Peter Pelissier told commissioners at their meeting earlier this month that the property may be worth $75,000 but demolition costs could run as much as $65,000.

It’s up to Wachovia to accept any offer, he said, adding that the Parking Authority would like to have access from Lot B to the parking deck on Lewis Street.

The structure housed a beauty supply store on the first floor before a fire struck about five years ago. At one time, Dornoch had plans to renovate the building after acquiring it from the Parking Authority for $65,000.