The final piece of foreclosed property included in the former Ware House hotel and entertainment complex will be listed for sale as residential space, the building’s owner says.

Sharp Enterprises Inc. bid $160,000 on 1418 Washington St. at a foreclosure sale in February. The building housed Shooters bar and pool hall, operated as part of developer Robert Ware’s seven other properties including the 13-room hotel, sports bar and lounge at 1412-14, adjacent space at 1408, 1410 and 1416 and two parcels that front Crawford Street.

The building was owned by Fourteen Eighteen LLC, spun off from MR Development LLC, which defaulted on the other downtown hotspots in January. Headed by Vicksburg Main Street chairman Harry Sharp, the firm had owned the space before a 2008 agreement to sell the building to Ware’s company. That loan also defaulted, leading to the most recent turnover. Sharp made the lone offer on the property.

Despite alterations made to accommodate the bar’s amenities — including a section of brick wall that was removed to allow patrons to walk from Shooters to the sports bar’s downstairs lounge area — Sharp said it has potential to attract residential development.

“There’s a lot of possibilities for that building,” Sharp said. “They’d make wonderful apartments.”

Investors are also sought for the rest of the properties, now held by Britton & Koontz Bank. The complex had been listed by Ware for $3.5 million just before the bank, which held the mortgage to the property, bid on the buildings and all personal property inside.

A 15-member advisory panel, the Downtown Partners, was formed earlier this month to come up with ways to meld retail, residential and commercial development downtown. The board plans to tackle issues in the business and governmental realm, including zoning ordinances and marketing strategies for downtown.

Two downtown buildings on the east side of Washington Street were redesigned for residential space in 2009, The Valley and the former Sears store.

Contact Danny Barrett Jr. at dbarrett@vicksburgpost.com