110' x 26' Forclosure

[onething]

$3K is nuts...and deserves a YOU ****.

32 posts before someone said it!!! I almost posted after reading the first post, but decided to wait and 98TJ beat me

What else can I say, but subscribed.

 

[tncatadjuster]

Go to the auctions and you might find what your looking for. I found one last year and had it rented within the the year. It was too nice of a building for me.

 

[JSBriggs]

You definatly ****! Looking forward to see it come together.

You might try selling that Edsel stuff on the HAMB (GJ sister sight)

-Jeff

 

[Ole_Red]

Always been a fan of Edsels. Lucky *******. If I were in central PA, I'd definitely be by to help out.

 

[atomicsaladbowl]

damn 3,000 dollars for that building, I would have bought that in a heartbeat, awesome, will definitely be following this thread! good luck!!

 

[ihredo4]

Sure.....send in the calvary! Anyone into Edsels? Lol

Actually yes I am. Dont have one yet but will.

Subscribed. I have to see how this shop developes.

 

[Curt_pnw]

Unbelieveable. Thats barely a buck a square foot. My place was $40 a square foot.

Win

Our place was $125 a square foot! I wish you could find deals like this where I live.
This has got the be the best deal i've ever seen. It needs a lot of work, but you can afford to fix the things it needs because you spent so much less with the initial investment.
Subscribed and I look forward to future updates.

 

[Nealcrenshaw]

Sweet, Tons and tons of potential.

 

[bacpacker]

Congrats, you got a deal. No telling what you'll dig out as you clean up. Good luck with the refurb.

 

[djjsr]

If I were you, I'd give some serious thought to installing trusses for a roof with a pitch. My workshop is an 100 year old building with a flat roof and I've learned that flat roofs are a real pain in the ****.

When I bought the place about 6 years ago, it had several roof leaks so I called a few roofing contractors and got quotes from $8000 to $11000 just for a new surface (no structural or sheathing needed). The size is about the same sq footage as yours (36' x 84').

I ended up coating about 2/3 of it with an elastomeric coating (about $600) and it took care of the leaks but I know it's just a band-aid and in a few years it probably going to start leaking again.

 

[CreteCoater]

You can sell the collectables for enough to pay for the building. Its gonna cost to rebuild the roof, and be sure and play it safe, don't let it collapse on you!!!! but it won't be that expensive in the big scheme of things. Might consider eventually putting a pitched roof on top of it.

Edit: It takes a lot of chutzpah to be able to do this. Most people will admire what you are doing, and wish they could, but few would actually be able to carry it out. You have alot to do ahead of you, lots of planning, lots of work. The roof, probably bricking in some of the windows, replacing other windows, most likely a complete rewiring of the building, possibly a complete re-plumbing also. This building is large enough it will most likely require a working sprinkler system, which I bet it also doesn't have. Any pipes in it probably have frozen and split as the building most certainly hasn't been heated in several years or more. The sewer system is problematic and if there are lifts they are most likely old single post in-ground lifts that need to come out, as the possibility of leaking is great. New doors are most likely needed also.


The mere cleaning and sweeping up of the interior is a huge undertaking.

It sounds like the building is solid, if it has poured concrete first and second floors and brick walls (possibly several layers thick) then indeed the roof is the only big structural issue.

I admire what you are planning on doing, but really would not want to be in your shoes.

Charles

I agree with your comments. If I wasn't in the construction industry I probably would have passed. Its nice having people I can pull favors from but even at that its going to be a tough and pricey project!

 

[CreteCoater]

If I were you, I'd give some serious thought to installing trusses for a roof with a pitch. My workshop is an 100 year old building with a flat roof and I've learned that flat roofs are a real pain in the ****.

When I bought the place about 6 years ago, it had several roof leaks so I called a few roofing contractors and got quotes from $8000 to $11000 just for a new surface (no structural or sheathing needed). The size is about the same sq footage as yours (36' x 84').

I ended up coating about 2/3 of it with an elastomeric coating (about $600) and it took care of the leaks but I know it's just a band-aid and in a few years it probably going to start leaking again.

I think we have a plan for the roof. While it is a flat roof its actually a pitched flat roof with enough slope to use metal roofing.

My plan is to reframe the joists and shore up the beams, then sheat it with metal. The one epoxy company I deal with also manufacters a liquid roof membrane that I will spray over everything once done.

If this roof were truly flat I would definatley truss it.

 

[VMX42]

I nearly fell of my chair when you confirmed that you purchased the entire building for $3K.

Down here in Australia, I pay that much to rent a small storage space that is 8 square meters.

That has to be the bargain of the century. It will be difficult to hide my jealousy... good luck with it.

 

[Nealcrenshaw]

This confirms why its always good to place an offer on something even if you think it might get turned down,the worst they could say is no,or in your case ,yes.

 

[Kevin54]

You **** and I HATE YOU

I can never find a good deal like that and if I did, there would be a loophole somewhere that would end up costing me thousands,put me in bankruptcy and end up losing everything

Looking forward to more goody find pics!!!

 

[Red Leader]

Wow, cool find and thanks for posting!

We're glad to have you a part of the GJ community!

I think once you sort through everything that is in the building, maybe pick some of the top items to sell, but try and keep some of the stuff original to the building with it, then you can frame it as memorabilia and put it up in the shop once it is done.

This is going to be a fantastic build, and I'm really happy for you!

-Dave

 

[Britwrench]

Great place with lots of potential!!!

Did the EPA inspection get done before you bought it?
You need to be very careful as rules of liablity have changed. The current owner is responsible, it doesn't matter who ever owned it before purchase.

 

[Need4racin]

There are tons of buildings like this in the midwest for cheap. Most people are too afraid to take the risk. Sad huh?

Fear prevents success!

 

[CreteCoater]

If I were you, I'd give some serious thought to installing trusses for a roof with a pitch. My workshop is an 100 year old building with a flat roof and I've learned that flat roofs are a real pain in the ****.

When I bought the place about 6 years ago, it had several roof leaks so I called a few roofing contractors and got quotes from $8000 to $11000 just for a new surface (no structural or sheathing needed). The size is about the same sq footage as yours (36' x 84').

I ended up coating about 2/3 of it with an elastomeric coating (about $600) and it took care of the leaks but I know it's just a band-aid and in a few years it probably going to start leaking again.

After further inspection we decided this is the best way to go. Its just not worth trying to salvage anything of the existing beams or decking.

 

[fergus]

Sweet score man! Bummer about the roof, but hey, at least the price was right. I'll be following along for sure. Oh yeah, you ****!

 

[ZRX61]

More pics!!

 

[m715]

Congrats on the find...will be watching this one.

 

[NUTTSGT]

I checked into this thread last week and was waiting for an update. Wow 3 grand, great price. I, like the others will be waiting on updates to the build.

I'd gather all the Ford/Mercury/Edsel stuff and put it in a dry place and hit up a couple of swap meets like this one in Columbus next spring.

http://springswap.com/


or closer to you would be this one. . . .

http://www.carsatcarlisle.com/events/ford-nationals/index.asp

 

[Twiggss]

and i will add another "you ****, i hate you comment".

 

[Strouty]

I don't think there is even a category of suckage for this one, You would have made Don Lapre proud, too bad he offed himself before he got to see the deal of the century. Congrats on an awesome purchase and I do agree you may be able to sell old parts and salvage to cover the cost of the building. I just hope the town doesn't give you any trouble.

 

[CreteCoater]

Finally got the sale agreement in the mail, deed to follow. Ill snap a few more pix next time I'm in there.

The town shouldn't be too bad, that's one good thing about being in the back woods. Alot of these small towns would rather have a building fixed up than another condmned property on their hands, so they are usually willing to work with you. Unless you are on their shitlist

 

[oilslick]

awesome buy It is great you got it and plan to fix her up as so many others are lazy and full of excuses why they wouldnt do it!! Does it have any old lifts in it? Any pics of basement? I am jealous. I always go back to advice that says the only way to avoid mistakes completely is to do nothing at all.

 

[CreteCoater]

Unfortunately (or maybe fortunately) there are no old lifts. The bolts remain from a 2 post that was on the main floor. I did find an old Sioux drill and angle grinder though.

At least where the old stuff is stashed is under a new rubber roof. I found some new Champion banners along with a new light up Napa sign but they aren't vintage, probably from the inspection station that was there in the late 90s early 2000s.

 

[rburke65]

The buildingis 26' wide? Just my opinion, I'd put 4/12 trusses on that thing, with a foot over hang and be done with it. And I will 2nd the motion that "you ****". Good for you and good luck!

 

[CreteCoater]

The buildingis 26' wide? Just my opinion, I'd put 4/12 trusses on that thing, with a foot over hang and be done with it. And I will 2nd the motion that "you ****". Good for you and good luck!

That's the route we decided on too, although a 3/12 with metal sheeting. 4/12 would be ideal but the former will keep the peak below the office roof.

 

[CreteCoater]

[/IMG]


Hmmmmm salvageable?

 

[930dreamer]

[/IMG]


Hmmmmm salvageable?

Yes it is.

 

[CreteCoater]

Hmmmm. Going to have to hunt around and see if I can find the missing drawer. Also found an old vice but forgot to snap a pic.

 

[tkbowman]

Hmmmm. Going to have to hunt around and see if I can find the missing drawer. Also found an old vice but forgot to snap a pic.

I think you'll need to hire Thomas (from the one million views thread) for consulting advice on restoring your old vice and sorting through your other treasures. GREAT snag.

 

[racer756]

No guts, no sausage!

great score!

 

[Drisco Z71]

wow what an awesome place, I just love neat old buildings like that. Even if most of the stuff left in there is complete junk being able to salvage one or two things would make it worthwhile. Good luck and keep the pics coming.

 

[Super Sport]

WOW! What an awesome find! Killer deal too!

I'd love to get an old shop like this and fix it up, but unfortunately I lack the need, time, and know-how.

 

[Stuntmonkey]

My neighbour has an edsel, I'll ask him tomorrow if he'd be interested.

 

[ZRX61]

Hmmmmm salvageable?

Is that bottom drawer where it should be, or it is from between the top 2?

 

[CreteCoater]

Its the second drawer. At first glance I thought it was missing one.