Absolute Online Auction of 10,880 SF of Office or Apartments
Shelby Co., Ohio (Sidney) 10,880 SF of Office that should be converted to apartments for highest and best use. Sells regardless of price at Absolute Auction with Online bidding ending on April 25 at Noon at OhioRealEstateAuctions. Bidding will be online only for these 2 two story brick commercial buildings on busy Court St. in Sidney. Each building is 5,440 Square Feet. Currently set up as offices but highest and best use may be a conversion to apartments. The buildings are vacant but utilities have always remained on. Each building has numerous rooms or offices, bathrooms, kitchen and mechanical room. There is a main hallway down the middle of the buildings on each floor. The property has scenic views of the Great Miami River which runs beside the property. Ample parking in front and behind the buildings. Both buildings are have a second story egress and are very similar in their layout and design. Negatives: There is a section of the foundation on one building that shifted years ago and remains that way. It is only noticeable in one room and doesn't seem to effect habitability. Please do your own inspection. Over the Winter, there was a slow plumbing leak that produced mold in 2 of the rooms. The leak has been fixed. Mold still remains in those 2 rooms. Since the property sits next to the river, you may need flood insurance if you have a mortgage. The property is currently owned by Eastway Corporation which is a non-profit 501c3. They no longer need the space and have decided to liquidate the buildings to the highest bidder. Current tax valuation from Shelby county is $350,550. Taxes will be assessed based on that amount. The current owner does not pay taxes because of the 501c3 status. Please call or text for a private showing. Lots of potential for an owner user as office space or re-development into apartments. Check out over 70 photos on our website. Lot Size: 161x197 Annual Taxes: $ 0 Currently owned by a 501c3
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