After the relocation of Remington Arms’ research and development operations to Alabama, the 35,000-square-foot building on Ring Road was purchased by Hardin County Water District No. 2 as the site for its new offices.
After gutting the building to make way for renovations, the district has had a change of heart. The building and five acres are for sale with a list price of $2.897 million.
When renovation estimates came in at $12 million, the district’s board instead decided to build a new office building and service facilities on the back side of the Remington property, Board Chairman Mike Bell said.
Although the district is open to working with a potential buyer in need of more acreage, the district plans to retain 19 of the 24 acres it obtained from Remington in June 2016. Its new proposal is to build an office facing West Park Road.
The district needs more office space because of its acquisition of the Elizabethtown municipal water system and its venture into sewage services, Bell said. The district is in the process of developing a wastewater collection system stretching from the Interstate 65 exchange at Glendale to the E’town treatment plant off Gaither Station Road.
Bell said the district now has more than 80 employees. While it has outgrown its 14,500-square-foot office building across Ring Road from the Remington site, Bell said the 32,000-square-foot Remington shell is more than needed. The district thinks 24,000-square feet is just right.
Bell said Monday a few serious inquiries have been made since the building went on the market last month, but no offers have been made.
The asking price is more than 10 percent higher than the $2.6 million the water district paid Remington for all the property. Bell said the value is based on a new appraisal done for the district by Rick Baumgardner, a local real estate consultant. The property is listed with Gold Star Realty.