283 Main StFredericktown, OH 43019

  • Manufacturing properties
  • 0.48 AC
For Sale
$749,900 View listing

Property Details for 283 Main St

Lot size
0.48 AC
Property type
Manufacturing properties
APN
65-00227.000
APU
6500227000

Description

This exceptional 96,000 square foot mixed-use property presents a rare investment opportunity in Fredericktown, OH. Situated on 4.2 acres and boasting road frontage on three streets, this expansive facility offers immense potential for a variety of businesses. Formerly the J.B. Foote Foundry Company, this historically significant property, dating back to 1851, comprises multiple buildings across five parcels, all securely enclosed within a fenced and gated area. The main building, the largest of the structures, features impressive ceiling heights ranging from 15 to 45 feet, providing ample vertical space. Two loading docks facilitate efficient material handling, while a 1-5 ton overhead crane and substantial electrical capacity (including three mineral-based transformers totaling over 3600KW) cater to heavy industrial needs. Over 60 parking spaces are available on-site. The property's environmental integrity has been thoroughly assessed, with EPA approval and completed Phase I and Phase II environmental site assessments. Additional rental income potential exists from the detached buildings. This unique property offers a blend of history, scale, and infrastructure, making it an ideal canvas for a wide range of commercial ventures. Its strategic location and extensive features make it a truly remarkable opportunity.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $4,497,366
    Hospitality
    $4,119,563
    Educational
    $3,427,428
    Medical
    $3,545,302
    Retail
    $5,331,555

Location Insight

City
Fredericktown
County
Knox
State
Ohio
Latitude
40.486
Longitude
-82.5457
CBSA code
34540
CBSA name
MOUNT VERNON, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$509
$6,950
$1,970
$8,920
-
$19,860
$5,640
$25,500

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