The city of Columbus is going to buy a downtown business property.

The Columbus Redevelopment Commission on Friday morning held a special meeting and voted to spend $300,000 for the Bob’s Car Wash property on Second Street, says Sarah Cannon, the commission president.

The city also expects to have to spend between $95,000 and $180,000 to remediate environmental contamination at the property, based on estimates from a 2012 environmental study.

The property was appraised for between $290,000 and $295,000 in February of 2015, according to the commission’s resolution.

Cannon said the city would commission another environmental study on the property.

That is the last property in that block that the city doesn’t already own. The city had already acquired the former Bartholomew County REMC property, the former Rhino lining property along with the site of a former creosote plant. The city has long planned to consolidated the properties, finish cleaning them up and then sell or offer them to a developer.

Cannon said there are no current plans lined up for the property.