Save This Old c.1911 Fixer Upper Ohio Carnegie Library For Sale Under $100K

OHU50K Notes $99,900

Part of America’s history. An Andrew Carnegie Library for sale for $99,900 needs saving. Between 1886 and 1919, Andrew Carnegie donated more than $40 million for 1,679 new library buildings in communities across America.

Timeline

In 1910, Carnegie donated $25,000 for the construction and furnishings of this particular Ohio Carnegie Library. The city was to be responsible to purchase books and maintain the building at a cost of about $2,500 a year. Construction started in 1911 and the building was finished in 1913.

In 1981, the city built a new library. Several businesses moved into this building after that, but they failed. In 2007, Citizens for Historic Preservation purchased the property for $36,500. Then in 2013, Princeton Commercial Holdings bought it for $7,750. In 2018, a developer bought it for $5,000 with the hopes of turning it into a brewery, restaurant, bar, meeting and banquet rooms. Today, the realtor suggests converting it into 12-unit affordable housing. But first this Carnegie Library for sale needs a savior.

Realtor Comments

Development OPPORTUNITY for this once grand Carnegie Library on over 1/2 an acre to take shape as part of Middletown’s revitalization. Multiple incentives and tax abatements available for the project due to its location and historic designation. This special property falls in a TIF District, the h\Historic Oakland Neighborhood, an Enterprize zone, a Community Reinvestment Area and qualifies for an ARAPA infusion Grant. Under the UC-S District 9-12 multifamily dwellings are permitted. Come experience the renaissance of Middletown and start your highly impactful project here. Contact the City of Middletown for all incentive information.

Circa 1911

Other Exterior featured at 1320 First Ave, Middletown, OH, 45044

1320 First Ave, Middletown, OH 45044 $99,900

If interested in a property, please contact the realtor whose link is provided in the post below, or contact an agent of your own choosing. Independent verification of details and status is recommended.