1751 Old Columbia Rd

    Campbellsville, KY 42718
    • $60,000,000
    • STATUS: Active
    • ON SITE: 44 days
    • MLS #: 20190628
    UPDATED: 40 min ago
    $60,000,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Area:

    School Ratings & Info

    Description

    A Kentucky-based manufacturer of superior-quality interior and exterior home building supplies including molding, solid hardwood doors, stair systems, and custom trim and millwork. This sale includes all real estate, all equipment, and all inventory. 135.99 total acres. 716,455 total SF under roof consisting of 11,715 SF of office space; 704,740 SF of lumber processing, shipping, door, trim, mouldings, all under roof. The facility has a total of 40 buildings totaling 716,455 square feet plus another 2 open sheds totaling 6,730 square feet. A summary of all buildings is included on the attached documents. It includes building name, square footage (per plans), year constructed, actual age, and eave height. The building numbers correspond to those on the aerial map included earlier in the report. The new building is listed as No. 59 with an area of 10,500 square feet. The building was originally constructed for use as a pre-dryer however the necessary equipment has not been installed and it is being used for storage. The building is not sprinkled, but is insulated. Those structures with square footages listed in the second column (FF&E/Shavings) are not included in the sale as they are considered to be personal property/FF&E. All buildings are sprinkled but the most recent. The entire property has been updated with LED lighting in all buildings, and new energy saving control boxes were installed on all equipment. This has reportedly resulted in a savings of around $35,000 per month in utility bills. The total cost of this upgrade was $1,227,250 per invoices shared by the owner on the date of inspection. Additionally, a new roof was put on Building No. 5. The functional utility of the improvements is adequate for the current use as a sawmill/lumber processing facility, with the capacity for up to $140 Million in gross sales. However, given the economic downturn in the housing market since the mid 2000s and facilitys drop off in sales from $100M to around $40M at current, some functional and economic obsolescence is warranted. Nonetheless, the improvements still contribute value and represent the highest and best use of the site. The 40.47 acre vacant site consists of a lake that is piped to the 95.51 improved site to power with steam all electricity. The manufacturing facility uses the sawdust to power the Co-Generation plant that produces all the electricity for the plant and the unused electricity is sold to the local power company. This facility has its own dry kiln, pump house, sawmill, dust building, special mill, arch department, banding/prime, truck wash, paint barn, shipping docks, shaver building, weight station, cooling tower, stacker, large truck shed, small truck shed, pre-dryer building, generator, leased storage, Co-Gen fuel storage, 2 special mills, offices, and many warehouses.

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    © 2020 Henderson Audubon Board of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Harris Jarboe Group at Keller Williams. The data relating to real estate for sale on this website comes in part from the IDX Program of the Henderson Audubon Board of Realtors MLS. Real estate listings held by brokerage firms other than The Harris Jarboe Group at Keller Williams are marked with the IDX Symbol and detailed information about them includes the name of the listing IDX brokers. Data last updated: 2020-01-20T19:03:21.357.
    www.owensborokyrealty.com/homes/101494504

    1751 Old Columbia Rd Campbellsville, KY 42718

    • Price: $60,000,000
    • Status: Active
    • Updated: 40 min ago
    • MLS #: 20190628
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighborhood:
    Other
    Area:
    Other
    Property Description
    A Kentucky-based manufacturer of superior-quality interior and exterior home building supplies including molding, solid hardwood doors, stair systems, and custom trim and millwork. This sale includes all real estate, all equipment, and all inventory. 135.99 total acres. 716,455 total SF under roof consisting of 11,715 SF of office space; 704,740 SF of lumber processing, shipping, door, trim, mouldings, all under roof. The facility has a total of 40 buildings totaling 716,455 square feet plus another 2 open sheds totaling 6,730 square feet. A summary of all buildings is included on the attached documents. It includes building name, square footage (per plans), year constructed, actual age, and eave height. The building numbers correspond to those on the aerial map included earlier in the report. The new building is listed as No. 59 with an area of 10,500 square feet. The building was originally constructed for use as a pre-dryer however the necessary equipment has not been installed and it is being used for storage. The building is not sprinkled, but is insulated. Those structures with square footages listed in the second column (FF&E/Shavings) are not included in the sale as they are considered to be personal property/FF&E. All buildings are sprinkled but the most recent. The entire property has been updated with LED lighting in all buildings, and new energy saving control boxes were installed on all equipment. This has reportedly resulted in a savings of around $35,000 per month in utility bills. The total cost of this upgrade was $1,227,250 per invoices shared by the owner on the date of inspection. Additionally, a new roof was put on Building No. 5. The functional utility of the improvements is adequate for the current use as a sawmill/lumber processing facility, with the capacity for up to $140 Million in gross sales. However, given the economic downturn in the housing market since the mid 2000s and facilitys drop off in sales from $100M to around $40M at current, some functional and economic obsolescence is warranted. Nonetheless, the improvements still contribute value and represent the highest and best use of the site. The 40.47 acre vacant site consists of a lake that is piped to the 95.51 improved site to power with steam all electricity. The manufacturing facility uses the sawdust to power the Co-Generation plant that produces all the electricity for the plant and the unused electricity is sold to the local power company. This facility has its own dry kiln, pump house, sawmill, dust building, special mill, arch department, banding/prime, truck wash, paint barn, shipping docks, shaver building, weight station, cooling tower, stacker, large truck shed, small truck shed, pre-dryer building, generator, leased storage, Co-Gen fuel storage, 2 special mills, offices, and many warehouses.
    Exterior Features

    Loading Dock No Parking 11-15

    Interior Features

    Restrooms 4+ Sprinkler Yes

    Property Features

    Foreclosure No Rail Service No Sale Rent For Sale Sub Short Saley N No Type Industrial

    Listing information © 2020 Henderson Audubon Board of Realtors
    Listing provided courtesy of Stephanie Gilezen of Exp Realty.


    © 2020 Henderson Audubon Board of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Harris Jarboe Group at Keller Williams. The data relating to real estate for sale on this website comes in part from the IDX Program of the Henderson Audubon Board of Realtors MLS. Real estate listings held by brokerage firms other than The Harris Jarboe Group at Keller Williams are marked with the IDX Symbol and detailed information about them includes the name of the listing IDX brokers. Data last updated: 2020-01-20T19:03:21.357.
     
    The Harris Jarboe Group at Keller Williams
    123 W 4th St, Suite 301
    Owensboro KY, 42303