Developer Tim Flannery has entered into an agreement to purchase the old Eagles Club building on Bridge Street.

Flannery said he has the building under contract and he planned to close on the sale sometime this month. Flannery declined to disclose the purchase price.

The Eagles building, which is adjacent to the Dana Warp Mill, also owned by Flannery, currently is home to Bridge Street Billiards. Earlier this year, the Eagles Club moved out of the building and is currently located in the former Knights of Columbus building on Saco Street.

Flannery wasn’t sure what his long-term plans were for the building, except that he doesn’t plan to make any immediate changes and he will honor the pool hall’s current three-year lease. “There’s an existing tenant in there running a pool hall and it’s going to stay status quo,” said Flannery.

While he plans to maintain the current situation for the time being, Flannery said the site could eventually be used to help ease the congested parking situation in the area by the mill. “I’m trying to think about the future and I see that site inevitably becoming part of the parking solution,” said Flannery.

Flannery said the land could be used for surface parking, and he would not rule out the possibility of constructing a garage there, though he added he has not made any plans for the building or the land other than continuing to honor the pool hall’s lease.

Cutline: Eagles Local developer Tim Flannery has entered into a contract to buy the former Eagles Club building on Bridge Street. Flannery, who also owns the adjacent Dana Warp Mill, said while he plans to honor the lease of the pool hall currently operating in the building, he sees that site as potential parking for the mill in the future.