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Former Hooven & Allison Cordage Company

677 Cincinnati Avenue Xenia, OH 45385

The former Hooven & Allison Cordage company site dates back to approx. 1885 when it openned as the Xenia Twine and Cordage Company. The company and its successors manufactured rope from both natural sources (hemp, sisal, manila and jute) and synthetic fibers such as polypropolene. The 21-acre site includes seven structures, and has been vacant since 2004. A Phase I ESA identified asbestos and 13 present or suspected Underground Storage Tanks (UST). There were also up to five rail spurs across the property, and in Oct. 2005 a fire destroyed a major portion of the main building, with a second fire in 2010 causing further damage. A Phase II ESA has recently been completed, and a Remdial Action Plan is being developed. The site sits in the heart of the City, and is presently zoned I-2, Heavy Industrial. The current owner, who purchased the property at tax sale, plans to redevelop it into mulitple industrial uses.

Size
21 acres
Asking Price or Appraised Value
Ownership Status
Owned by National Land Developers, LLC
Existing Zoning & Property Land Use
I-2, Heavy Industrial
Surrounding Land Uses
Residential
Property URL
Site Characterization Status
Phase II complete
Estimated Remaining Cleanup Costs
$2.6 million
Closest Community/City
Xenia
Potential local, state, tribal and other incentives
Possible TIF, Enterprise Zone,
Site Assembly
Additional 9 acres of vacant land adjacent to property
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