The sale of Cuidad Real's failed airport has begun, Spain's national television network RTVE reported on Monday.
The airport, some 200km (124 miles) south of Madrid, was designed to receive 2.5 million passengers a year. In 2010, however, only 31,000 people walked through its doors.
Saddled with debts of €529 million, the facility closed in 2012 after just three years in operation.
It will now be sold to meet creditor's demands.
Bidding for the airport starts at €100 million, and potential buyers will have be able to stump up 5 percent deposit.
"No definite offers have been received to date but we have a number of interested parties and we are expecting bids when the auction begins on Monday,” bankruptcy administrator Francisco Pérez said in a statement.
The bidding process closes at 3pm on December 27th.
Cuidad Real has a population of just 75,000 people and already boasts a high speed railway service connecting it Madrid in less than an hour.