Property Location: 3761-3765 Round Bottom Road, Newtown, Ohio
3761-3765 Round Bottom Road was developed as a gun range and ammunition manufacturing facility with two buildings totaling 47,082 square feet in 2013. After going into foreclosure and ultimately back to the bank, the property became severely distressed having sat vacant for several years. Where most saw liability, Midwest Properties saw opportunity. Both buildings underwent significant renovation, and the original single parcel was split into two smaller parcels allowing each building to operate independently, and ultimately more attractive for multiple users. We worked with the municipality to retain a tax abatement which ultimately aided in leasing the larger building. Leveraging an existing relationship with a successful retail gun range operator, we were able to create a mutually beneficial partnership to lease the larger of the two buildings for a 20-year term, updating the facility into a state-of-the-art new gun range and gun safety and training facility. The smaller of the two buildings was later sold to a separate owner operator.
