Commercial Real Estate Auction
Wednesday, August 13th at 5:00PM
Registration & Inspection begin at 4:00PM
274 Spruce St.
Morgantown, WV
5,928 SQFT Professional Building with Apartments in Downtown Morgantown
***HIGH TRAFFIC DOWNTOWN MORGANTOWN LOCATION***
Property Overview:
Two Story Commercial Building
5,928 +/- Total Sqft
Professional Space & Apartments
2,964 +/- Sqft Per Floor
High Traffic Downtown Morgantown Location
All Apartments with 1-Year Leases
Main Floor Configuration:
Waiting Room Area
Secretary/Receptionist Office
4 Executive Offices
Conference Room & Kitchenette
Multiple Storage Rooms
Blueprints Available
New Roof within the last 6 years
Second Level Configuration:
(4) One Bedroom Apartments
Well-Maintained Units
Laundry Facilities Onsite
All Apartments Leased $575/Monthly
Tenants Pay Utilities
All One Year Leases Through 2026
Certificate of Occupancy through 2028
Each Unit with New Hot Water Heaters & Garbage Disposals
Assessment – Monongalia County:
Third Ward District (11), Map 29, Parcel 28
Legal Description: PT LOTS 52,53 46X80' SPRUCE ST
10% buyer’s premium. 60 days to close. Please see full terms and conditions before bidding.
REAL ESTATE TERMS: 10% nonrefundable down payment made day of auction (or within 24 hours for online bidders) with balance due at closing. Cash, check, & wire transfer accepted. Credit cards will not be accepted for the down payment. No financing contingencies will be entered into the contract. Any required inspections must be completed prior to bidding. Property is being sold as is, where is with no warranty written or implied.
Property will be sold free and clear of all liens. Seller is conveying surface rights only with no oil, gas, coal, mineral, or other subsurface interests conveyed unless otherwise noted. 60 days given to close. Announcements sale day take precedence over all advertisements published. 10% Buyers Premium will be added to determine final contract price. Name of purchaser on contract must be the name of the winning bidder or an entity which the winning bidder legally represents. No exceptions. Real estate sold subject to owner confirmation unless otherwise noted.
AGENCY DISCLOSURE: Joe R. Pyle Auction and Realty Service is acting as Auctioneer/Agent and is an agent for the seller only.
DISCLAIMER: All information regarding the description of this property is derived from sources deemed reliable but not warranted. Information is believed to be correct to the best of auctioneer/agent’s knowledge but is subject to inspection and verification by all parties relying on it. Sellers, their representatives and auctioneer/agent shall not be liable for inaccuracies, errors, or omissions.
Any references to acreage, unless otherwise noted, are derived from public record and are not warranted. Buyers are responsible for conducting their own research prior to bidding.
BUYER/BROKER INFORMATION: Commission will be paid to any properly licensed buyer's broker who registers a successful buyer according to the Broker Participation Guidelines. Broker registration forms are available on our website or from the company office. Broker must be registered 24 hours prior to Auction. Brokers/Agents are not entitled to a commission if they are the purchaser.
We don't just list your property - WE SELL IT!
JOE R. PYLE COMPLETE AUCTION & REALTY SERVICE
Joe R. Pyle, Broker
(888) 875-1599
5546 Benedum Drive Shinnston West Virginia 26431
www.joerpyleauctions.com
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