500 Salem Ave Ext
Fredericktown, OH 43019
Industrial Property For Sale

GENERAL PROPERTY INFORMATION SHOP/PRODUCTION AREA This is a 7,200 sq. ft. building (60’ x 120’ with 22’ walls) with 2nd floor shop office space & 2nd floor front office space, offers some 9.500 sq. ft. of usable space. Could possible be used for multiple occupants There is some 4,900 sq. ft. (+/-) of manufacturing/production floor space (plus 500 sq. ft. of stock room (with steel shelves), large shop restroom and entrance to front offices. There are steels steps to a 2nd floor mezzanine (with steel catwalk) with (3) offices overlooking the shop area. Offices are: 11'5" x 10', 11'5" x 22' and 11'5" x 11'1" (plus an 11'5" x 12'6" boiler/equipment room). Also, access to the 2nd floor offices from the 11'5" x 10' office. And, within the shop area is an 17' x 25' (+/-) paint booth (with exhaust fan). Previous use was: fabrication, welding, painting, assembly, wiring & testing of electrical equipment for the power industry). In addition to being suited to many types of manufacturing and/or assembly, the space is suited to warehousing and/or distribution and many types of contractors (HVAC, plumbing, electrical, auto repair/body shop, etc.). The shop area is heated by gas radiant heaters. There's a 12' wide X 16' high overhead door and 4 single entry doors and ample parking. The building has 480V 3 phase & 220V 3 phase electrical service and natural gas. Utility providers are: AEP (American Electric Power) and Columbus Gas of Ohio. 2 STORY OFFICE SPACE (3,180 Sq. Ft. +/-) 1st FLOOR: There is a large entry foyer/reception area (with stairway to 2nd floor offices). There are (2) offices: 9'8" x 12'5 (with wet bar) and 9'8" x 12'2", large conference/meeting room (10' x 34'), large men's restroom, private women's restroom and access to the shop area. At the west end of the 1st floor hall, there's an exterior door and area (which could used for an additional stairwell to 2nd floor offices). The first floor office space is 1,590 sq. ft. (+/-) 2nd FLOOR: There are(7) offices (all with doors, dry walled but, not finished). There is also access to the shop mezzanine office area (from the main stair well). There are (3) offices facing the front as follows: 11'6" x 15'8", 11'6" x 12' and 11'6" x 19'11 plus 11'6' x 8'11" storage room (at top of stairs). The (4) Offices on the other side of the hallway are: 10' x 11'4" (with windows overlooking the stair well), 10' x 12', 10' x 12' and 10' x 10'. The 2nd floor front office space is 1,590 sq. ft. (+/-) At the west end of the hall is an egress door (via outside steel staircase). ________________________________________ KNOX COUNTY Tax District: Fredericktown Village School District: Fredericktown LSD Parcel # 65-01384.000 2017 Real Estate Taxes: $2,873.33 Per Year (Estimated taxes for the building & 2.71 acres) The Current Taxes: Building & 8.71 Acres: $3,831.10 Per Year ________________________________________ PRE-BID PACKET A 'PRE-BID PACKET' (with 'specimen' real estate purchase contract and relevant purchase documents) will be attached for your preview, shortly. _______________________________________ AUCTION TERMS & CONDITIONS: • The real estate sells ‘AS IS.’ • Properties sell with a $350,000 RESERVE (or minimum bid). • At the conclusion of the auction, the successful bidder will tender an earnest money deposit in the amount of $25,000.00, payable by personal or company check (to: AO Real Estate Trust Account) and proceed to close on or before December 31st, 2018. • Seller will provide and pay for owner’s title insurance, preparation of deed, conveyance fees and the proration of real estate taxes. Also, the Seller will pay for the survey to separate the 2.71 acre (+/-) building site from the additional 6 acres acreage (all of which or a portion is available separately). • There is a 10.0% Buyer’s Premium charged to the Buyer & collected at closing.