Online Commercial Real Estate Auction
Bidding begins closing Tuesday, November 10th at 6:00PM
4109 Coal Heritage Road
Bluewell, WV
(Bluefield)
15-Unit Mixed-Use Investment Property
Residential + Commercial Income
A rare opportunity to acquire a substantial mixed-use investment property with existing cash flow and significant upside potential.
Featuring a combination of residential apartments, professional offices, retail/service spaces, and shop/garage areas, this 24,589± sq. ft. property offers 15 total units. The existing occupied units currently generate approximately $6,100 per month / $73,200 annually With NO ZONING, multiple potential uses, on-site parking, separate electric metering, and frontage along Coal Heritage Road/US Route 52, this is a versatile investment with room for an owner to reposition, improve, or expand the property's income stream.
Property & Investment Highlights
24,589± Sq. Ft. Gross Building Area
15 Total Residential & Commercial Units
10 Currently Occupied | 5 Currently Vacant
Current Monthly Rental Income: $6,100
Current Annualized Rental Income: $73,200
Significant Value-Add Opportunity — lease the currently vacant residential and commercial units to substantially increase gross rental income.
Diverse tenant mix provides multiple potential income streams rather than relying on a single tenant or property use.
Mix of 1-, 2- and 3-bedroom residential units, commercial storefronts, professional office space, service/retail space, and shop/garage areas.
NO ZONING, the property is located outside Bluefield's corporate limits and is unzoned, providing considerable flexibility for future use, subject to other applicable governmental requirements.
2.22± Total Acres (As Assessed)
On-Site Parking Available along the Coal Heritage Road frontage and northern side of the building.
Frontage along Coal Heritage Road / US Route 52, a publicly maintained roadway with a center turn lane.
GREAT VISIBILITY
Two points of ingress/egress — Coal Heritage Road and the alley along the northern boundary.
Existing freestanding roadside sign structure
Tenants are month to month
Convenient regional access with US Route 460 approximately 5.5 miles south, providing connections toward the greater Bluefield/Princeton market and Virginia.
Current Unit & Rent Breakdown
Unit | Use | Current Rent |
1 | Financial Office / Commercial | Vacant |
2 | 2-Bedroom Residential / Owner Unit | Vacant |
3 | 1-Bedroom Residential | Vacant |
4 | 1-Bedroom Residential | $550 |
5 | 1-Bedroom Residential | $500 |
6 | 3-Bedroom Residential | Vacant |
7 | Shop / Commercial | Vacant |
8 | Commercial | $375 |
9 | 1-Bedroom Residential | $600 |
10 | 2-Bedroom Residential | $550 |
11 | 2-Bedroom Residential | $650 |
12 | 2-Bedroom Residential | $550 |
13 | Commercial | $575 |
14 | Commercial | $1,200 |
15 | Commercial | $550 |
| Current Monthly Income | $6,100 |
| Current Annualized Income | $73,200 |
Tax Map Information (Mercer County): District 2, Map 17, Parcels 128, 128.1, 129. 130 & 131, 149
10% buyer’s premium. 60 days to close. 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. REAL ESTATE PURCHASE AGREEMENT WILL BE SENT TO THE EMAIL ON FILE FOR ELECTRONIC
SIGNATURE FOLLOWING THE CLOSE OF THE AUCTION AND MUST BE SIGNED IMMEDIATELY. 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. 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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