The Fairborn Development Corporation is expected to close a $550,000 deal to purchase the motel and take possession by the end of the day. The city will secure all doors and prepare the property for demolition.
The Sunset Inn at 15 S. Broad St. will also be demolished, said Rob Anderson, Fairborn Development Corporation executive director. The motel was purchased Sept. 19 by the Fairborn Development Corporation for $205,000.
The two parcels are located near Wright-Patterson Air Force Base on the heavily-traveled road.
“It’s part of our Broad Street Redevelopment Plan,” Anderson said. “We anticipate demolishing those two (properties) fairly quickly and making development parcels available.”
City leaders hope to revitalize the corridor as a mixed-use area with restaurants, retail and office space. Other vacant buildings on the strip include the historic Fairborn Theatre.
This year, the city also demolished a single-family home and the former Donatos Pizza at 21 N. Broad St., after a new, larger store opened in spring 2015 on East Dayton-Yellow Springs Road. The area will be compacted and graded for a new parking lot, according to city records.
Owners of the Falcon Motel at the corner of North Broad Street and Cypress Drive are currently canceling any leases and removing tenants, according to city documents.
Telephone calls to the Falcon Motel by the newspaper were not immediately answered. Few online reviews exist for the motel, the most recent this week referring to the property as a “good place to score” drugs and diseases.
Records indicate the property is owned by Virat LLC, a company incorporated in 2004. The 9,184 square foot building was built in 1967 and features 22 units, according to Greene County property records.
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