Austintown Office Building Sells for $1.1M at Auction
AUSTINTOWN, Ohio – An undisclosed buyer placed a winning bid of $1.1 million at auction last week to acquire the office complex that houses the Mahoning County Board of Health and other agencies, auctioneer Chris Roman said.
Roman, of George Roman Auctioneers Ltd., Canfield, said the property at 50 Westchester Dr. should close in about 45 days. The final contract price on the property was $1,155,000, he reported, including the buyer’s premium.
The auction was held Aug. 20. According to the Mahoning County Auditor’s website, the building is owned by trustees Joseph M. Saadey and Joan Marie Sabatine. The auditor appraises the building and accompanying land at $799,020 for tax purposes.
The 16,818-square-foot building’s major tenant is the Mahoning County Board of Health. Other tenants include the Mahoning County Planning Commission and the Mahoning County Building Inspection Department.
A second property Aug. 20 at 1216 Ameritech Blvd. in Youngstown sold for $280,900, Roman said.
Sabatine BK Development LLC purchased an office building and accompanying land at the Salt Springs Road Business Park with the intention of leasing it to an existing business or a new company considering relocating to the Mahoning Valley, said Jim Sabatine Jr., a member of the development group.
“It’s a great building, smack dab in the middle of Interstates 680 and 80,” Sabatine said. “It’s really nice office space.”
The auditor’s website shows that the property is owned by FFAP Limited and was appraised at $314,510 for tax purposes.
Pictured: The building at 50 Westchester Drive in Austintown sold for $1.1 million at auction on Aug. 20.
Copyright 2020 The Business Journal, Youngstown, Ohio.