BAZETTA - Township officials confirmed late Friday night the purchase of the old Walmart site on Elm Road by Menard's home improvement store for $2.45 million.
The potential deal had been rumored for months, but township Trustee Paul Hovis said it was just a matter of working out some minor details.
"That's pretty much why it took some time," Hovis said. "As far as I know, everything is done now and the Menard's people are ready to move forward with it."
While the deal is complete, it remains unclear when construction on the new store will begin.
"I haven't heard anything official yet, but I'd assume they'd like to have it open this spring," Hovis said.
The new store in the 245,300-square-foot building will be roughly five miles away from its largest chain competitors - Lowe's and Home Depot on Niles Cortland Road - and directly across the street from Grossman's Bargain Outlet, a discount home improvement chain, and Carter Lumber.
Walmart sold the Elm Road location to U.S. Properties Group in 2008 for $2.7 million when the company moved across the bypass to its current location on Millennium Drive.