Charnwood Borough Council is considering the future of a vacant town centre site in Loughborough.
Cabinet will be asked to consider seeking external advice to help develop options for the Council-owned site in Limehurst Avenue at a meeting on January 18.
Cllr Tom Barkley, Lead Member for Finance and Property Services, said: “This is an important site as it is close to the town centre but there are a number of factors to consider when looking at its future, including that it is in a flood zone.
“Therefore we are proposing to thoroughly explore exactly what may be possible for the site, carefully balancing the best interests of residents, the environment and the local economy.
“If any viable proposals come forward we will of course keep residents informed.”
The Cabinet will be asked to consider commissioning external advice to look at possible options for the 1.8 acre site. It is estimated the cost of external advice could be up to £50,000.
The site has been vacant since late 2015 when some Council staff based there move to the main office in Southfield Road, Loughborough.
More information is available in the report to Cabinet.