October Ninth Seeks Spencer Town Hall Property

The Town reviewed a letter of intent from October Ninth Investments to buy 600 and 520 S Salisbury Avenue. The buyer proposed a $150,000 purchase price and plans to redevelop the property into a multi-tenant office center.

Document date · September 3, 2026

Track Town of Spencer contracts

Get alerts when new contracts are awarded or existing ones approach renewal at Town of Spencer.

Get started free

Create a free account · no credit card

Work in government? Get Civic IQ free

Scope & details

The full contract record, as filed.

Contract amount

$150,000.00

Contract type

OTHER

Contract term

90-day due diligence period; closing within 30 days after due diligence expiration

Renewal

Non-binding letter of intent; formal purchase and sale agreement to be negotiated. Due diligence is 90 calendar days from the PSA effective date, with closing no later than 30 days after that period unless extended by mutual written agreement.

Document type

AgendaPacket

Source document

Town of Spencer AgendaPacket Board of Aldermen Pre-Agenda Meeting 2026-09-03

Related contracts

Other contracts from October Ninth Investments Llc.

View all →

Spencer Board of Aldermen Agenda Packet October 13, 2026

APPROVED

Town of Spencer, North Carolina$150,000Oct 13, 2026

Spencer AgendaPacket Pre-Agenda Meeting 2026-10-08

APPROVED

Town of Spencer, North Carolina$150,000Oct 8, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by Town of Spencer?

October Ninth Investments Llc was awarded this government contract by Town of Spencer, as recorded on September 3, 2026. The contract value is $150,000.00.

How much is the October Ninth Investments Llc contract with Town of Spencer worth?

The October Ninth Investments Llc contract with Town of Spencer is valued at $150,000.00.

What type of contract is this?

This is a government contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Town of Spencer AgendaPacket Board of Aldermen Pre-Agenda Meeting 2026-09-03 (AgendaPacket), dated September 3, 2026 from Town of Spencer. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does October Ninth Investments Llc hold?

October Ninth Investments Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View October Ninth Investments Llc's profile

What is Town of Spencer currently buying?

Explore Town of Spencer's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Town of Spencer's profile