Providence Street Centre in King’s Lynn has been bought by Freebridge Community Housing.
The Norfolk County Council-owned former youth centre is next to Hillington Square where Freebridge is involved in a £30m regeneration project.
The housing provider and community organisation has already started working with existing groups which use the building as it plans to strengthen the centre’s role in the community.
Tony Hall, chief executive of Freebridge, said: “We are very pleased to have taken over ownership of Providence Street Centre.
“We were keen to buy the centre as it is in a fantastic central location and provides an accessible base for much-needed services, such as childcare.
“It also provides space for community groups and charities to meet.”
The centre has office space, meeting rooms, a sports hall and large rooms which are hired by the community. It also has workshop space and accommodation.
Freebridge will be talking to groups and the community to find out what people want and future improvements to the centre are planned.
Mr Hall added: “We want to maximise the opportunities offered by Providence Street Centre and reinforce its position in the heart of the community.”
David Collis, county councillor for King’s Lynn and Central, said: “The centre is a much valued local resource and it is important that it can continue to support the local community.
“When the youth service was closed, there were understandably concerns about the building’s future and I hope that Freebridge Community Housing’s ownership will go some way to reassuring the community that the building will continue to serve them well.”
The county council has been working for some time to find a solution for the centre which benefits the community and has said it is grateful to Freebridge for its commitment to the building’s future.
A council spokesman said the authority was keen it remained a facility that could promote services for the area.