More Information
ABSOLUTE AUCTION - Sells Regardless of Price - 2 TRACTS
TRACT 1
1000 Anderson St. Franklin, OH 45005
This is a rare opportunity to own a piece of industrial history with unlimited potential. This distinctive industrial property, formerly a historic paper mill, boasts scale and versatility for investors, developers, or business owners looking for a one-of-a-kind space to bring their vision to life.
Set on a substantial footprint of 4.66 acres, the expansive 63,753 Square Foot industrial space includes features such as loading docks, security gates, an employee parking lot, and a front office building. The property is zoned as mixed use. Interior systems and fixtures have been removed, offering a blank-slate industrial space ready for renovation, repurposing, or complete redevelopment. General warehouse seems most usable at this point.
Adding to its uniqueness, the property includes a separate pump house positioned near the Great Miami River on a 0.12 acre parcel located at 0 Eighth Street, offering both functional utility and a striking historic element that sets this site apart.
TRACT 2
7445 Mentz Rd. Franklin, OH 45005
This vacant industrial land offers a prime opportunity for development or long-term investment. The 18.43 acres is located within Franklin Township and provides a flexible canvas for a wide range of potential uses, with ample space to bring your vision to life.
The property features level, usable land with convenient access to major roadways, making it well-suited for businesses such as logistics, storage, light manufacturing, or contractor operations if zoning permits. Its strategic location between Dayton and Cincinnati enhances its appeal for businesses seeking connectivity without the congestion of larger metro hubs.
A telecommunications tower is situated on the property. The tower, ground lease, easements, and any associated income are owned by a third party and are not included in this offering. Sale is subject to all existing leases and easements. This property is believed to be zoned I-1.
TRACT 3
1000 Anderson St. + 7445 Mentz Rd.
Whether you’re an investor looking to expand your portfolio or a business owner in need of a well-located industrial site, this property delivers both potential and practicality in a steadily developing area.
Opportunities like this don’t come around often—bring your vision and unlock the potential that these 23.21 industrial acres hold.
Multi-Parcel Auction Format
Offered in three configurations:
- Tract 1: 4.66 acres with Industrial Building + 0.12 acres with Pump House
- Tract 2: 18.43 acres of vacant industrial land on Mentz Rd.
- Tract 3 Combination: Entire 23.21 acres of industrial land & buildings.
The final sale will be determined by the bidding format that produces the highest total price.
Buy tract 1, tract 2, or both (tract 3).
Auction Terms
- 10% Buyer’s Premium
- Non-refundable deposit due day of sale
- No financing contingencies
- Property sells As-Is, Where-Is
- Closing per auction contract
No representations or warranties are made by the Seller or Auctioneer regarding the environmental condition of the property.
ENVIRONMENTAL INFORMATION & DUE DILIGENCE
Phase I Environmental Reports Available
Comprehensive Phase I Environmental Site Assessments (ESA) have been completed for both the primary industrial facility located at 1000 Anderson Street and the associated off-site well field. These reports were prepared in accordance with ASTM standards and are available for bidder review.
Primary Industrial Facility (1000 Anderson Street)
The subject property has been utilized for industrial operations for decades and is currently an active textile recycling and processing facility.
The Phase I ESA identified environmental conditions commonly associated with long-term industrial use, including historical wastewater handling practices and legacy site features typical for facilities of this nature.
Key Takeaways:
- No evidence of catastrophic environmental conditions was identified
- The property remains functional and actively used for industrial purposes
- Findings are consistent with properties of similar age, scale, and industrial history
Off-Site Well Field (W. Eighth Street)
The supporting well field parcel, which supplies process water to the facility, was also evaluated.
Key Takeaways:
- No Recognized Environmental Conditions (RECs) were identified
- The site reflects a clean environmental profile based on current available information
- Provides operational support without environmental burden
Buyer Due Diligence
Prospective bidders are strongly encouraged to:
- Review all available environmental reports and supporting documentation
- Conduct any additional inspections or testing deemed necessary prior to bidding
- Consult with environmental professionals if desired
The Phase I ESA for the primary site recommends that additional investigation (Phase II testing) may be considered to further evaluate certain areas of the property.
Environmental Positioning
This property represents a legacy industrial asset with known and documented site conditions. For experienced investors and owner-users, this provides:
- Transparency into environmental factors prior to purchase
- The ability to evaluate and manage conditions based on intended use
- A property that remains suitable for continued industrial operation
Terms & Conditions
The property is being sold As-Is, Where-Is, with all faults, and with no contingencies. By bidding, all purchasers acknowledge that they have had the opportunity to review available environmental information and conduct their own due diligence.
Lot Size: 23.21 acres
Annual Taxes: $ See Auditor Info Packets
Property Map
LEAD AUCTIONEER
Barry Baker
DIRECTIONS:
Tract 1: 1000 Anderson St. Franklin, OH 45005
Tract 2: 7445 Mentz Rd. Franklin, OH 45005
Basic Terms:
Real Estate sells absolute, regardless of price. A 10% Non-Refundable deposit will be collected from the winning bidder the day of Auction no later than 5pm. Deposit instructions will be given to the winning bidder. 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. The Buyer pays all closing costs. A marketable, insurable deed will be given at closing with no liens or back taxes.
Deposit and Closing:
Closing will take place with Veronica Riggs at Silver Key Title Group in Springfield, Ohio.
Realtor Participation:
Realtor showings and cooperation are encouraged. For full compensation instructions, see Realtor Registration form attachment. Please call Barry Baker, Auctioneer to schedule all showings. (937)581-3037