Monday, August 25, 2014

1320 First Ave, Middletown, OH 45044

 I SO LOVE this place!

1320 First Ave, Middletown, OH 45044
15,488 SF


Middletown, OH- Large commercial building- 15,488 SF with a lot of Character
Unique building for investment or for owner occupier with endless possibilities.

Excellent location in Downtown Middletown, OH on about 0.5 Acres
Nice neighborhood Requires a full rehab

Initially built in 1911 as The Carnegie Library, the building has a lot of character Potential for National Register of Historic Buildings with potential for grants and tax credits.

The property can be adapted for a variety of uses, including Hotel, Prestige Offices, Apartments, Educational , Medical or impressive Conference Center/ Reception/ Events/ Meeting hall.

The property needs a full rehab to restore it to its former glory. This is formerly the Carnegie Library which is one of the libraries that Andrew Carnegie built in the early 1900s. It is in a historic district and the Buyer can apply for it to be included in the National Register of Historic Buildings which means it would qualify for tax breaks which will provide great help with the rehab cost. Also potential for grants.

There is a huge amount of space and the two front main rooms could be really amazing with lots of architectural details. Once restored the main hall will have an impressive staircase and gallery.

Excellent Location:
Located at the edge of Downtown Middletown in a nice neighborhood, tree lined street, some residential, some business and an older church.

Excellent Value and low real estate taxes

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