The old Town Hall at 505 Main St. will likely be purchased from the town by its current tenant, Wareham Community Television. The cable access station was the sole bidder, offering to buy the historic property for $125,000.

On Tuesday, Selectmen agreed to enter into negotiations with Wareham Community Television.

Voters at last year’s April Town Meeting authorized the sale with the understanding that Wareham Community Television would likely purchase the building. The town currently has a 10-year lease with Wareham Community Television, which would have remained in place had someone else placed the highest bid.

“Whoever would purchase it could not convey it to anyone else, it could only be returned to the town,” Town Administrator Derek Sullivan said after the authorization was approved.

Funds from the sale will be put in the town’s sale of real estate account.

Steve Ruiz, Wareham Community Television's director, previously said plans to put a 1,800 square-foot addition on the building. No taxpayer money will be used to build the addition, as all the funds will come from Wareham Community Television.

The station has used the building since 2009. In that time, the building has been gutted and rebuilt.

“A lot of people have a concern that they would be losing a historic building,” Ruiz said. “But the town will never lose the property. If it gives it to us, it never gets lost.”

The property is in the historic district, so Ruiz said he didn’t anticipate many other bidders trying to obtain the property because of restrictions on the building. He said plans for construction will maintain the integrity of the building and the New England style of architecture.