The derelict Ipswich Transit Centre will be demolished after being boarded up and left idle for a decade after it was destroyed in the 2011 floods.
Demolition is expected to be completed by the end of this month.
Transport and Main Roads has been preparing the site for sale since April and has not received any expressions of interest from other government agencies to acquire the site.
Member for Ipswich Jennifer Howard said the centre was being demolished and the land reshaped for better use.
“I know the community has been keen for something to be done with the site and I’m excited to see what will now become of it,” Ms Howard said.
“TMR has carefully evaluated the site considerations and property constraints.
“The best possible option is to demolish the old building facade and reconfigure the land into one freehold lot that will go to the open market for sale later this year.”
Ms Howard said a bridge at the back of the site, supporting the Mansfield Place ramp, would remain.
“This structure is owned by the government and remedial works will be undertaken later this year on the bridge,” Ms Howard said.
Ms Howard said there would be some road impacts while demolition works were underway.
For up-to-date information on roadworks and other traffic information, call 13 19 40, visit www.qldtraffic.qld.gov.au or download the app.