“We have not disclosed that publicly yet,” he said.
Budreau said by selling the land the town could restore $7,500 in tax revenue. Additional development at the site could bring in more money.
He said Derry owns property through a variety of situations.
“Most of the property that we acquire is through the tax-deeding process,” Budreau said. “Generally, our past practice has been to use an auction process to dispose of those and other properties.”
The goal, he said, is to recoup any unpaid taxes and, most importantly, get the property back on the tax rolls rather than being owned by the town.
The Pinkerton Tavern land was handled through broker Collier’s International, Budreau said.
As councilors ponder real estate, the Planning Board will make the town’s zoning ordinance a top priority in 2014.
That could give another perspective on all the land in Derry and what governs potential development.
“We will revisit all the town’s zoning, its usage, definitions and will clean things up,” Planning Board Chairman David Granese said.