Property Listing No Longer Available for Sale

915 S. Downing St, Piqua, OH

Industrial for Sale - 130,000 Sq. Ft. on 4.91 acres


Property Info

CIMLS#657565
Location
  915 S. Downing St
  Piqua OH 45356
UpdatedOctober 29th, 2013
TypeIndustrial
PriceUpon Request
Building130,000 Sq. Ft.
Land4.91 acres

Property Description

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 N44092220 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


Financials

Generating $60,000 annually from only about 45,000sf rented to 4 different companies. 3 additional rental areas available