Wrecking crews are due to start demolishing the earthquake risk Daniell Building in Masterton's Queen Street within a few days.
The building's owner, former mayor Garry Daniell, confirmed the building was on the brink of being levelled and that the site should be cleared by early March.
Mr Daniell said he had already drawn up re-development plans for the site but would not disclose what plans he had for the land, regarded as a prime site at the town's northern end.
The Daniell Building has long been on the risk-list but its plight was brought to the fore on January 20 last year when the 6.2 Eketahuna earthquake hit the region and inflicted further internal damage to it.
The building had to be cleared of its tenants and has to all intents and purposes been condemned since.