The Frederick News-Post has a nice piece of reporting about some notorious downtown properties and the people who own them. One of the places that we’ve talked about in the comments here quite often is the Asiana building.
Ro began buying downtown properties in 1978 with the purchase of 123 and 125 N. Market St. for $140,000. The building was once the home of The Asiana, a Japanese restaurant, but has sat vacant for about 10 years, according to Sherman Eaves, Ro’s former maintenance man.
Ro is the owner of the Asiana property as well as the recently condemned building that housed That Cuban Place. When asked about the Asiana property, Ro responded:
Ro said she is losing money by having her properties sit vacant, but has no plans to sell because she needs a job and is hoping the economy will turn around soon. She said many people are interested in The Asiana building but she couldn’t say when it would be occupied.
Ro wouldn’t say how much it would cost to rent, but a tenant would have to prove they have at least $200,000 in the bank. She estimated that repairs inside the building would cost a tenant about $100,000.
Read the whole article, very interesting look at the whole process of building inspection, what the city can and can’t do about troubled buildings, and some horror stories thrown in for good measure (the basement full of raw sewage made my stomach turn).