MOUNT VERNON — Knox County Auditor’s Office records show that New Hope Industries, Inc., bought its new location at 12200 Upper Fredericktown Road last Thursday for $625,000.

Purchasing the 10,500 square feet facility, at one time a Montessori school and doctors offices, will enable NHI to continue services for individuals with developmental disabilities. A large classroom area with 7,745 square feet will serve as work space for more than 50 NHI clients with disabilities, whose work engages them in packaging services and parts assembly just as it has at their soon-to-be former location at 1375 Newark Road.

The smaller part of the newly purchased building, about 2,350 square feet, will serve as office spaces. NHI has until April of next year to vacate its current site, a former county-owned building it had subleased for more than a decade from the county Developmental Disabilities board — and had occupied more than 30 years in total.

In a Nov. 15 statement, NHI Assistant CEO Angie Wise said the new location on Upper Fredericktown Road, which will need design and construction management services to complete a renovation, now has a home of its own to provide a welcoming and nurturing environment for its clients. NCI’s current location on Newark Road in the Mount Vernon Industrial Park was sold by the Knox County Land Bank to AMG Industries for $1.05 million. Once that sale is completed, NHI will receive $250,000 from the sale.

NHI had offered a $400,000 bid on the Newark Road property.

NHI’s new Upper Fredericktown Road location was built in 1990. It was sold in 2010 to an out-of-state buyer for $895,000. The Knox County Auditor had given the 6-acre property an assessed value of $710,000. It is located at the corner of Upper Fredericktown and Clinton roads in Morris Township, and is within the Mount Vernon City School District.

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Larry Di Giovanni: 740-397-5333 or larry@mountvernonnews.com and on Twitter, @mountvernonnews