Secured Party Real Estate Auction
Tuesday, September 29th at 11:30AM
Registration begins at 11:00AM
Auction held at the Monroe County Courthouse
Property Location:
103 South Monroe Street
Alderson, WV 24910
A distinctive opportunity in the heart of Alderson! This substantial three-story commercial/mixed-use building offers approximately 7,500 square feet with flexible space suitable for office, retail, residential, storage, redevelopment, or a combination of uses. The property occupies a 50' x 150' lot, with the building extending to the lot lines.
The building dates to approximately 1910 according to assessor records and features a considerable amount of usable interior space spread across three levels. The first floor includes office space along with a retail area. The second floor features hardwood flooring and residential/living space, while the third floor was utilized for storage.
The property's size, downtown Alderson location, and mixed-use configuration provide a variety of possibilities for an investor, entrepreneur, developer, or owner-user looking for a unique commercial property with character and substantial square footage.
Property Highlights
- Three-story commercial/mixed-use building
- Approximately 7,500 sq. ft.
- 0.17+/- Acres (as assessed)
- Office, retail and residential/living areas
- First-floor office space
- Retail/commercial space
- Second-floor living area
- Kitchen area
- Large third-floor storage area
- Approximately 1910 construction
- Downtown Alderson location
Monroe County District 1, Map 3, Parcel 29
TERMS OF SALE
1. The successful bidder ("Purchaser'') shall pay a Ten Percent (10%) nonrefundable
down payment payable to the Trustee at the conclusion of the auction with balance due at
closing by certified or cashier's check. No financing or other contingencies are permitted.
Purchaser shall have thirty (30) days to pay the remaining purchase price by certified check,
cashier's check or wired funds. In addition to the sales price, the Purchaser will be responsible
for a ten percent (10%) "Buyer's Premium" which will be added to the final bid amount and due
at time of sale payable to Joe R. Pyle Auction & Real Estate Services LLC to determine final
aggregate contract price.
2. The sale of the property will be made subject to all matters having priority over the deed
of trust referred to herein including but not limited to any and all assessments and taxes against
said property, all prior liens, encumbrances, lease, restrictions, covenants, conditions, rights of way
and easements of any nature whatsoever.
3. The purchaser shall be responsible for the payment of the transfer taxes imposed by
West Virginia Code § 11-22-2.
4. The subject property will be sold in "AS IS" condition. The Substitute Trustee makes no
representations and warranties of any kind or character including, but not limited to, the condition of
the real estate or the title to the real estate to be conveyed.
5. The Substitute Trustee shall be under no duty to cause any existing tenant or person
occupying the subject property to vacate said property.
6. The beneficiary of the Deed of Trust and holder of the note thereby secured reserves the
right to submit a bid for the property at the sale, which bid may be in the form of a credit bid.
7. Such other terms as may be announced at the time of Sale.
JOE R. PYLE COMPLETE AUCTION & REALTY SERVICE
(888) 875-1599
5546 Benedum Drive Shinnston West Virginia 26431
Joe R Pyle WV212
Charlotte Pyle WV2174
Alan Heldreth WV2224
Jordan Kiger WV2246
Bob Stewart, Jr WV825
Bob Stewart, III WV1292
Todd Short WV1649
Tia Wolski WV2351
Ethan Moore WV2354
Taylor Ramsey WV2352
Nick Dawkins WV2410
Bud Shingleton WV1956
Colton McCown WV2463
Garrett Wilkerson WV2541A
Thomas Heldreth WV2520A
John Powell WV2481A
Taylor Self WV2521A
Kevin Zakariasen WV2482A
Brooke Patterson WV2536A
