LIVE ONSITE REAL ESTATE AUCTION
915 S DOWNING ST.
PIQUA, OH 45356
130,000sf INDUSTRIAL REAL ESTATE
Auctions Work!
The day the signs were placed on the property and before the advertising was printed,
A prospective purchaser submitted an acceptable contract and the property closed within 4 days.
THIS PROPERTY IS SOLD
915 S DOWNING ST.
PIQUA, OH 45356
The day the signs were placed on the property and before the advertising was printed,
A prospective purchaser submitted an acceptable contract and the property closed within 4 days.
THIS PROPERTY IS SOLD
Heavy Industrial Zoning
Located on the eastern side of Piqua Ohio, this property has easy access to I-75 via Rt. 25. The property can be found on the Miami County Auditor under parcel number N44-092220 and is not located in the 100 yr. flood plain. This property is zoned I-2, Heavy Industry.
Situated on 4.91 acres is this +/-130,000sf Industrial Building in Piqua, OH. The building has 6 dock doors and 8 drive in doors. It also has a dry fire suppression system throughout and is serviced by gas, electric, water and sewer. There is heavy power to the property with 480V and 220V, 3phase electric from 4 power supplies.
This is an excellent purchasing opportunity for either a manufacturing company or an investor. The way the building is configured it could easily accommodate up to 6 individual tenants. Currently there are 4 tenants consisting of a metal polishing company which rents 27,000sf at $24,000 annually, a tube company rents 15,000sf for storage at $24,000 annually, another company rents 4,000sf at $6,000 annually, and a tree service rents a detached 7,000sf shed for $6,000 annually. Most interior division walls are movable.
In 2013 a phase 1 Environmental Site Assessment was conducted and the assessment has revealed “no environmental conditions of concern with the subject property which warrants immediate further action”.
Current semiannual taxes are $7,261. There is also a semiannual conservancy assessment of $32.00. The taxes are based on a current assessed value of $370,700. However, the owner wants to sell!