The property has planning permission for an office block
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A dilapidated toilet block near the Trent Bridge cricket ground is on the market with a £150,000 asking price.
The site on Musters Road in West Bridgford has planning consent for a four-storey office block.
Another toilet block in West Bridgford sold for £60,000 in 2004 and was turned into a hairdressing salon.
Estate agent Paul Giles, from Savills, said: "It would be a very expensive toilet block if that is was what you were going to use it for."
He added: "It is in the centre of West Bridgford and an excellent location for an office block and it has planning consent for offices.
"It is overgrown and sorry-looking at the moment but I am convinced the finished article will be wonderful."
The property failed to make the reserve price at an auction on Thursday but Mr Giles said there were still several interested parties.