Commercial Real Estate Auction
Wednesday, April 29th 9:00AM
Registration & Inspection Begins at 8:00AM
Mill Road
Kingwood, WV
58 Acre Industrial Property Along Cheat River Just off WV-7
***Offered in Parcels and Whole***
***Great Location***
Property Overview:
58.93 +/- Acres (as assessed)
Over 60,000 Sqft Under Roof
Offered in Parcels & Whole
Over 2,500 feet of Cheat River Frontage
Just off WV-7 in Preston County
Property at the WV-92 & WV-7 Intersection
Please note: Equipment Does Not Convey with the Property
Subject #1: Main Facility on 13.5 +/- Acres
13.5 +/- Acres (per engineering map)
Over 60,000 Sqft under Roof
Open Span Steel Constructed Buildings
20-22’ Eave Height
Three Phase Power Accessible
Approximate Survey Expense $7,000
Subject #2: 35+/- Acres for Redevelopment
35 +/- Acres (per engineering map)
Nice Laying Ground
Cleared Ground for Redevelopment
Approximate Survey Expense $11,500
Subject #3: 10.43 +/- Acres Along WV-7
10.43 +/- Acres (per engineering map)
Wooded Ground
District 1, Map 13, Parcel 4
Approximate Survey Expense $8,000
Subject #4: Property in Entirety
58.93 +/- Acre (per engineering map)
Under 60,000 Sqft Under Roof
Over 2,500 of Cheat River Front
Just off WV-7 in Preston County
Property at WV-92 & WV-7 Intersection
Assessment – Preston County: Kingwood District, Map 13, Parcels 1.1, 3, 4, 4.4, 7, 9
Special Terms and Conditions: Purchaser shall have sixty (60) days from the date of the auction to close on the real estate. The chattel property, equipment, and personal property located on the real estate (hereinafter “Chattel Property”) are being sold separately by G.W. Kittrell Auction Service and are not included in this real estate transaction. Purchasers of the Chattel Property shall have ninety (90) days following the date of the auction to remove Chattel Property from the premises (“90-Day Removal Period”). The court appointed Receiver shall have the sole discretion to grant an extension of up to thirty (30) additional days beyond the 90-Day Removal period if he deems necessary (“Extension Period”). Any Chattel Property not removed from the real estate prior to the expiration of the (90)-Day Removal Period plus the Extension Period, if granted, shall be deemed abandoned by the Seller and title to the abandoned Chattel Property shall pass to the purchaser of the real estate. The Purchaser of the real estate acknowledges and agrees to these removal terms and shall permit reasonable access to the premises for the purpose of equipment removal within the stated time frame.
Sale is subject to approval by the United States District Court for the Northern District of West Virginia. Case No. 2:24-cv-03. 10% buyer’s premium. 60 days to close following court approval. Please read 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 following approval by the United States District Court for the Northern District of West Virginia and any required surveys. 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 approval by the United States District Court for the Northern District of West Virginia.
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
Charlotte Pyle WV2174
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Thomas Heldreth WV2520A
John Powell WV2481A
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