Horry County Government will purchase Santee Cooper's former Conway office for more than $700,000, the utility confirmed.
The county's bid of $725,021 was accepted, said Santee Cooper spokeswoman Tracy Vreeland. She said the utility has provided the county a contract for the property.
The 11,000-square-foot building sits at the corner of Second Avenue and Elm Street. It was listed on the Santee Cooper website for $640,000. Bids were accepted until Tuesday.
County officials have maintained the building could provide much-needed office space, but county spokeswoman Kelly Moore said Friday that there are no specific plans for the site yet.
"Currently the county is in the process of finalizing the purchase," she said. "There are no definite plans for its use at this time."
The building is close to many other county offices, including those inside the Government & Justice Center on Second Avenue.
Santee Cooper closed the office last year along with its branches in North Myrtle Beach and Garden City.
Citing a decline in visits to retail offices and increased online payments, Santee Cooper determined those locations weren’t needed. Utility officials said the closures would save Santee Cooper about $1 million each year.
The Conway office was built in 1969 and renovated in 2003, according to Santee Cooper’s records. It sits on just over an acre of land and holds 49 parking spaces.