Secured Party Real Estate Auction
Friday, December 11th at 2:00PM
Registration Will Begin at 1:30PM
AUCTION TO BE HELD AT KANAWHA COUNTY COURTHOUSE
Property Address:
901 Quarrier St.
Charleston, WV 25301
37,866± Sq. Ft. Downtown Charleston Commercial Building
4 Stories | Fully Finished Basement | Private Gated Parking | Prime Downtown Location
Exceptional Downtown Charleston Investment Opportunity!
An impressive 37,866±/- square-foot commercial building in the heart of downtown Charleston. This substantial four-story property, complete with a fully finished basement, offers exceptional versatility for investors, business owners, and developers looking to establish a presence in a highly desirable downtown location. Featuring multiple storefronts along Quarrier Street, private gated parking, and direct proximity to a Charleston city parking garage, this property offers a combination of accessibility, convenience, and functionality that is increasingly difficult to find downtown. With its beautiful architectural details, spacious floor plans, extensive infrastructure, and existing residential apartment, the possibilities are endless for professional offices, multiple businesses, mixed-use development, or potential upscale residential conversions.
Don't miss this rare opportunity to purchase a landmark-style downtown property with tremendous investment and redevelopment potential!
Property Highlights
37,866± Sq. Ft. Building – Four stories plus a fully finished basement offering extensive usable space across five levels.
Prime Downtown Charleston Location – Multiple storefronts and entrances along Quarrier Street provide excellent accessibility and visibility in the heart of downtown.
Private Gated Parking – Valuable on-site gated parking with a Charleston city parking garage located directly beside the property, making access convenient for employees, customers, tenants, and visitors.
Major Renovations Completed in 2004 – Significant improvements included HVAC, elevator, sprinkler, room, and infrastructure upgrades.
Two Elevators & Multiple Staircases – Front and rear elevator access to every level, along with front and rear staircases, provide convenient movement throughout the building.
Outdoor Terraces – Second- and third-floor terraces offer unique outdoor spaces rarely found in downtown commercial buildings.
Existing Fourth-Floor Apartment – One-bedroom, one-bathroom apartment already in place, featuring beautiful views of downtown Charleston.
Restrooms & Kitchenettes on Every Floor – Multiple restrooms and a kitchenette on each floor allow for flexible occupancy and convenient daily operations.
Beautiful Interior Architectural Features – A mixture of hardwood, tile, and marble flooring, attractive woodwork, exposed brick accents, decorative ceilings, and impressive interior finishes add character throughout the property.
Security & Fire Protection – Equipped with a security system and sprinkler system.
Building Utilities & Systems – Underground electric, gas, public water, and sewer utilities, central air conditioning, and a rubber roof.
Interior Features & Layout
Expansive Multi-Level Floor Plans
The building features spacious, adaptable floor plans with a combination of private offices, larger open areas, common spaces, and support facilities. Multiple rooms and office configurations throughout the property allow for a variety of professional, commercial, and potential residential uses. Each level is conveniently served by front and rear elevators and staircases, with multiple restrooms and kitchenette facilities.
Historic Character & Architectural Appeal
The interior showcases a unique blend of traditional architectural character and functional commercial space. Beautiful hardwood flooring, decorative wood trim, substantial wood doors, exposed brickwork, arched brick detailing, and a mixture of tile and marble finishes create a distinctive atmosphere. Large windows provide natural light and views of the surrounding downtown area, while several spacious rooms offer flexible configurations for future occupants.
Fourth-Floor Residential Apartment
An existing one-bedroom, one-bathroom apartment on the fourth floor offers a unique residential component within the building. Featuring hardwood flooring, living space, and views overlooking Charleston, this apartment presents an opportunity for owner occupancy, potential rental income, or incorporation into a larger mixed-use concept.
Second- & Third-Floor Outdoor Terraces
Outdoor terraces on the second and third levels provide additional space for occupants to enjoy fresh air and downtown views. These features add another appealing element for potential professional, residential, or mixed-use development.
Investment & Redevelopment Potential
With its substantial square footage, downtown location, multiple entrances, existing infrastructure, and flexible floor plans, this property presents an exciting opportunity for a wide range of uses, including:
Professional and corporate office space
Multi-tenant commercial leasing
Medical, legal, or administrative offices
Mixed-use commercial and residential development
Potential upscale apartments or luxury downtown residences
Owner-occupied business headquarters with additional income-producing space
District 11, Map 7, Parcel 52
Legal Description: LT 96X92 QUARRIER 901-903- 905-907
TERMS OF SALE
The Real Property will be sold on the date of sale and the Successor Trustee will require a down payment in the amount of $100,000.00 on the date of sale and subsequent down payment in the amount of $150,000.00 within three business days of the date of sale. The closing of the Real Property shall occur within 30 calendar days of the date of sale. The sale shall be further subject to the following:
1. Real estate taxes delinquent, due or payable or to become due and payable, all of which shall be the responsibility of the purchaser;
2. Any statutory lien or liens that may affect the subject property;
3. All covenants, conditions, restrictions, reservations, easements and rights-of-way appearing of record in the chain of title to the property, or which may be visible from a physical inspection of the subject property;
4. All liens and encumbrances of any nature whatsoever, including, without limitation, liens for real estate taxes, incinerator, sanitary and sewer charges, having priority over the deeds of trust referred to herein.
5. The purchaser at the sale shall be responsible for paying the costs of recording the Successor Trustee’s Deed and the tax imposed by the State of West Virginia on the privilege of transferring real property (the cost of the tax stamps to be affixed to the Deed).
6. All of the property to be sold will be sold “AS IS, WHERE IS” in the present condition and with all faults and defects, if any, and without any warranty or representation, express of implied. The Successor Trustee shall be under no duty to cause any existing tenant or person occupying the Real Property to vacate said property. The Successor Trustee will deliver a trustee’s deed to the purchaser without any covenant or warranty (express or implied) in the form prescribed by W. Va. Code § 38-1-6. The Successor Trustee makes no representations and warranties about the title to the real estate to be conveyed. If the Successor Trustee is unable to convey insurable or marketable title to the purchaser for any reason, purchaser’s sole remedy is return of deposit.
7. In the event that there are federal tax liens against the property, the United States would have the right to redeem the property within a period of 120 days from the date of such sale or the period allowable for redemption under local law, whichever is longer.
8. The undersigned Successor Trustee expressly reserves the right to reject any and all bids, and the right to adjourn the sale from time to time without notice other than oral proclamation at the time and place appointed for the sale. Such adjournment may be for a period of time deemed expedient by the beneficial owner and shall not be construed to be a waiver of the right to make the sale contemplated by this Notice.
9. The beneficiary of the Deeds of Trust and holder of the Note thereby secured reserves the right to submit a bid for the Real Property at the sale, which bid may be in the form of a credit bid.
10. The successful bidder will be required to execute a memorandum of sale upon the acceptance of the successful bid by the Successor Trustee.
11. The sale is subject to post-sale confirmation that none of the grantors filed for bankruptcy protection before the conclusion of bidding, in which case the sale will be null and void and the purchaser’s sole remedy, at law or in equity, will be return of deposit without interest.
12. The trustee’s sale may be open to online bidders.
13. A 10% buyer’s premium will be added to the high bid for the Real Property. The high bidder shall pay the buyer’s premium on the day of the sale, with the balance of the purchase price to be paid in cash at closing within 30 calendar days after the date of sale.
14. To the extent there exists any discrepancy between the legal description of the Real Property or terms of sale in this Notice and any other third-party marketing materials, the legal description and terms of sale in this Notice shall control.
15. Burke & Herbert Bank & Trust Company will consider providing financing for a qualified bidder, which determination is in the Bank’s sole and absolute discretion, but is under no obligation to do so.
Additional terms of sale may be announced prior to the sale.
Any inquiries regarding this sale may be directed to Zachary J. Rosencrance, Successor Trustee, 600 Quarrier Street, Charleston, West Virginia 25301, telephone (304) 347-1100.
