The former Buckeye Automatic Building, located just outside the McArthur village limits and once housing more than 300 employees, is scheduled to be sold Thursday, Oct. 26 during an on-site public auction.
The business closed several years ago after a long run of manufacturing screws for machine parts for the automotive industry. The company also built customized parts and was in that location from 1952 until it closed.
The auction is being conducted by Thompson Auctioneering in Fairborn. It begins at 4 p.m. with an inspection period starting at 2 p.m. The foreclosure case is being filed by JPMorgan Chase Bank against Buckeye Automatic, Inc. and defendants. The building is approximately 18,000 square feet with an outbuilding of approximately 1,500 square feet on a three-acre lot which includes offices, three-phase electric service, and an overhead three-ton crane. The minimum bid accepted will be $40,000.
The property sits along State Route 93 and is considered prime commercial property. It's situated just south of the village and could be connected to either the village water lines or Jackson County Water Co. water lines which are both in the area. The building could either be restored or razed and the lot could be used for a new purpose.
Initially, the property was being marketed and at one point, it was considered as a possible location for a grocery store and also for a branch campus of the University of Rio Grande/Rio Grande Community College. However, both the grocery store and the branch campus have since secured other locations in McArthur.
The latest suggestion mentioned for the Buckeye Automatic site is a jail to incarcerate females.
There is a public file concerning all details about the Buckeye Automatic sale at the Vinton County Clerk of Courts office. There is also information listed on the Thompson Auctioneering Website.