Bidding Opens at $285K for Prime Boardman Property
BOARDMAN, Ohio — A 2.5-acre property next to the Davis Family YMCA and Mercy Health – Youngstown’s St. Elizabeth Boardman Hospital could fetch the highest dollar-per-acre bids in the area, the auctioneer said.
The Board of Education for Boardman Local Schools contracted American Real Estate Specialists to head the auction of its former bus garage on 201 McClurg Road. A recent appraisal of the property allows bidding to open “really low” at $285,000, “just a little higher than the tax-assessed value,” but its location and amenities should command a higher price, said auctioneer and real estate broker, Paul Basinger.
“The proximity of this to the hospital and the Y is what makes it so valuable,” Basinger said. “There is no other good, buildable land on the right side of the hospital or adjoined to the Y.”
The 108,000-square-foot property sits on “good, flat land” that is easily used and “right where it’s commanding some of the highest prices for real estate in Boardman,” he said. It includes 70,000 square feet of asphalt parking, which the YMCA and hospital are “both in desperate need of,” particularly the hospital as it continues to expand, he said.
The former bus garage property includes 70,000 square feet of asphalt parking and 700 feet of chainlink fence.
“If you go by there during the day, the parking lot there is just about completely filled,” he said.
Online-only bidding begins April 1 at ARESRealtors.com and closes on April 30 at 2 p.m. Previews of the property are available on April 2, 9, 16 and 23 from 11 a.m. to 1 p.m.
Built in 1971, the former bus garage building is 7,200 square feet with five 12-foot by 12-foot doors and contains a bus lift. While the building is a good one, Basinger predicts the new owner will likely raze it to build new, he said.
“This property has good potential for development of offices; medical most likely,” he said.
During the real estate auction, a separate auction conducted by Basinger Auction Service for items that the district no longer needs, including equipment from its metal shop: lathes, drill presses, band saws, power and hand tools, Basinger said.
The Boardman Local bus garage has operated from the building on McClurg since the 1960s and will be relocating to the former Diamond Steel building on Raupp Avenue, said Ryan Dunn, director of transportation. Boardman Township purchased the property for some $225,000 from the school board, and in turn gave the Diamond Steel building to the school board to be used for the bus garage.
The building has been renovated inside, but the district is still in the process of cleaning things out of the old garage and moving to the new site, Dunn said.
“The building was pretty dilapidated when we got it from the township,” he said. “We’re hoping that in early to mid April we’d like to be fully functional over there.”
The garage is about the same size as the current one, he said, but the new site features a larger parts storage area, which will make it easier to manage inventory. The transportation department will also be able to relocate its offices from Boardman Center Intermediate School on Market Street to the new garage with the drivers and mechanics, making it easier to manage things, he said.
“It’s been kind of hard being in a separate building and not knowing what goes on at our garage,” he said.
The school district manages 55 routes and a fleet of 61 buses.
Pictured above: American Real Estate Specialists will manage the real estate auction on April 30, said auctioneer and real estate broker, Paul Basinger.
Copyright 2020 The Business Journal, Youngstown, Ohio.
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