Absolute Commercial Real Estate Auction
Tuesday, September 23rd at 3:00PM
Registration & Inspection Begins at 2:00PM
201 Adams Street
Fairmont, WV
Historic five story 36,800 +/- sqft building constructed in 1902 by Holbert & Spedden Builders located on the “Jacobs-Hutchinson Block” in Downtown Fairmont. Designed by Architect Andrew C Lyons, the building’s design offers few load bearing walls. Each floor consists of 7,360 +/- sqft currently outfitted for retail space and an event center. The property has two storefronts on the main level, and the upper four levels are currently being used as retail space and storage. The structure has a brand-new roof and updated HVAC system.
**SELLING TO THE HIGHEST BIDDER***
***Fantastic Location on Courthouse Block***
***Own a Piece of History***
***Eligible for Historical & Opportunity Zone Tax Credits***
Property Overview:
5-Story Commercial Building
Constructed in 1902
36,800 +/- SQFT Building
Two Retail Store Fronts
7,360 +/- Sqft Per Floor
New Roof & Updated HVAC System
Interior Information:
(3) Elevators
Two Elevators Operational with Inspections
First Three Levels Retail Business
Top Levels Vacant
Very Few Load Bearing Walls
Full Unfinished Basement
Steel Framed with Masonry Construction
Building History:
Designed by Architect Andrew C Lyons
Constructed by Holbert & Spedden Builders
Listed on National Registry of Historic Places
Eligible for Tax Credits
Located in Opportunity Zone for Additional Credits
Utility Information:
(4) Commercial A/C Units
Forced Air Gas Fired Hot Water Heat
Assessment – Marion County:
Fairmont-Fairmont Corp District (03), Map 1, Parcel 84
Fairmont-Fairmont Corp District (03), Map 1, Parcel 85
Fairmont-Fairmont Corp District (03), Map 1, Parcel 86
Fairmont-Fairmont Corp District (03), Map 1, Parcel 87
Fairmont-Fairmont Corp District (03), Map 1, Parcel 88.1
10% buyer’s premium. 60 days to close. Please read full terms and conditions before bidding.
AUCTION TERMS
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.
Auction company reserves the right to bid on behalf of the seller in an auction with reserve.
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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