Those included replacing the current 40-year-old heating and cooling system, upgrading the electrical system and replacing the building's elevator. At the time, the firm estimated a buyer would need to invest $800,000 to $1 million to renovate and modernize the building.
However, officials factored those needs in to the original $1.1 million appraisal price.
"It needs paint and carpet and needs some work, but it's a good solid building and it served us well," Boggess said.
Goldman said he believed economic conditions were a factor in making buyers nervous about committing to new commercial property.
But he also said he thought some buyers either felt they wouldn't win the auction and didn't show up, or simply forgot.
"We've had several tours," he said. "Some of those people weren't here today, so I think the (comment) that will be raised is 'I wish I had been there.'"
Officials suspended the auction after about 10 minutes without any bids. Goldman said they could either restart later or work out a deal with one of the potential investors who had expressed interest before the auction.
Even if someone wasn't present for Thursday's auction, Goldman said they could still register to place a bid at a later time.
Boggess said she hopes a buyer will step forward in the next few weeks so the agency can finally get the building off its books.
"It'd be nice to get something out of there by the end of August or September," she said. "We're just really interested in getting the building sold."
Contact writer Jared Hunt at busin...@dailymail.com or 304-348-4836.