A Royal Farms may occupy the former Stevens Hardware building at the corner of Dock and Randall streets.
The store would not be like most Royal Farms—instead it would be a deli-style restaurant with food prepared to order, according to The Capital.
Rumors have been circulating of Royal Farms' interest in the hardware store, but Thursday night's meeting was the first time company representatives made their intent public.
Stevens Hardware closed in December 2012. It had operated as a hardware store since the 1870s.