More Information
SOLD ON 1-11 @ BUY IT NOW.
Bidding starts at $75,000 and sells to the high bidder. The Buy it Now price is $250,000. Online only bidding. 112,730 Sq. Ft. (Per previous appraisal) Light Industrial (I-1) property located in the City of Franklin in Warren County. 5.64 Acres fronting the Great Miami River. The property was used as a paper manufacturing plant for around 100 years. There is quite a bit of deferred maintenance including the roof but as an upside, there is tons of square footage that can meet many uses and needs.
3 drive up docks. 2 drive in doors. 3 access points to the property on 2 streets. Wet and dry sprinkler system. Alarm and monitoring system. Rail access. Heavy power. Well and City water. All utilities. Phase I provided from 2019. Parking for office area is 12 spots. Employee parking to the rear. Ceiling heights vary from approx. 15-30 feet. Currently the old factory equipment is being stripped and removed by a scrapper. All removal can or will end when the new buyer takes possession. Contact info will be transferred to the new buyer. 2 miles and 5 minutes drive to I-75. Many uses for this large property. Annual taxes are only $5,177 including special assessments.
There are numerous building additions. Here is a list of spaces with approx. SF and YB.
Main offices: 10,700 SF 1951
Fire pump shed 130 SF NA
Main production 32,040 SF 1911
Former finishing area 9,000 SF 1975
Former print room 5,060 SF 1975
Warehouse two 3,950 SF 1974
Former clay shed 2,340 SF 1918
Rewind Department 6,100 SF 1969
Box shop 470 SF
Warehouse three 19,500 SF 1975
Warehouse four 22,440 SF1986
ZONING: I-l: Light Industrial District: The intent of the I-l Light Industrial District is to provide for industrial and office uses that are not of an intensity to produce objectionable impacts on adjacent development. This District should be located within areas of the City with suitable access to transportation routes and necessary utilities.
Tours are available on short notice with a caretaker that has worked at the building for 48 years. Mon-Fri in the AM is preferred for tours.
Lot Size: 5.6408 Acres
Annual Taxes: $ 5,177
Property Map
Basic Terms:
Sells with $75,000 starting bid. The Buy it Now price is $250,000. Online only bidding. 10% down by wire which will become your non refundable deposit. The real estate is sold As Is with no contingencies. All inspections must be done prior to Auction. Close within 30 days. A 10% buyer's premium will be added to the high bid to obtain the final contract selling price. Short tax proration. Buyer pays all closing costs. Special warranty deed or similar given at closing with no liens or back taxes.
Deposit and Closing:
Nova Title Agency, SMannarino@NovaTitleAgency.com 440-600-5550
Realtor Participation:
Realtor showings and cooperation are encouraged. For full compensation instructions, see Realtor Registration form attachment. Please call Auctioneer to schedule all showings. 937-581-3037