GSA Auctioning Federal Building, $300K Minimum Bid

The General Services Administration announced Tuesday it will be selling its five-story building in Moscow, Idaho on August 7.

GSA called the building an “excess federal property.” It will be available at a minimum bid of $300,000 GSA Northwest and Arctic Region administrator George Northcroft said they are working to get the best deal from the auction.

The administration added current federal tenants can remain in the building for at least two-years.

The Moscow Federal Building was built in 1973, has a U.S. Post Office and 107 retail spaces.

GSA said it has sold or transferred 97 excess properties in the past year however a recent report from the Government Accountability Office suggests there are inaccuracies in GSA real estate data.

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