After a three-day online auction, the Swansea Mall was sold Thursday afternoon for $6.65 million.

The Herald News reported that the property, owned by Carlyle Development of New York, was for sale by Rockwood Real Estate Advisors of New York. And they put together an entire website to attract buyers.

The starting bid at auction.com was $1.9 million, but even at the ending $6.65 million price tag, the buyer got quite the deal. The Swansea Mall is said to be worth just under $17 million. It is also Swansea's highest tax payer.

No word on who the buyer of the property was, but Swansea Mall General Manager Jason Huer told the Herald News that a press release was being prepared.

Presumably the new owner will keep the mall a mall, but maybe this will be a chance for the nearly 40-year-old property to get an update.

 

More From WFHN-FM/FUN 107