While about 10 bidders attended the auction, no buyer offered a price the seller had hoped for, auctioneer Rip Shaffer said.
"Everyone is looking for a bargain when they come to an auction, and we had some bargain seekers there," Shaffer said. "We didn't come up quite as good as we thought we would."
The building at 967 Broad St. is a four-story structure with commercial space on the first floor and residential space on the third floor. The first floor retail shop closed in 2009.
Shaffer said he will be in negotiations with the prospective buyer through next week.