Auction Information

Spacious Mixed-Use Building in Suncrest

Thu May 09 - 11:30AM


MONONGALIA COUNTY COURTHOUSE, 243 High St., Morgantown, WV Click to Map


Joe R. Pyle Complete Auction & Realty Service

Auctioneer's Other ListingsE-mail AuctioneerAuctioneer's Web Site

Auctioneer ID#: 9638

Phone: 888-875-1599

License: WV 2224

View Full Photo Gallery
    Property Address    
1-6 Riddle Court
Morgantown, WV 26505

Secured Party Real Estate Auction

 

Thursday, May 9th 11:30AM

Registration begins at 11:00AM

AUCTION HELD AT THE MONONGALIA COUNTY COURTHOUSE

 

Property Address:

1-6 Riddle Court

Morgantown, WV

 

INCREDIBLE INVESTMENT OPPORTUNITY

 

23,390+/- sqft Mixed-Use Building on Over 1 Acre in Suncrest

Over 50 Parking Spaces

Built in 1979

3 ½ Stories

10,000+/- Sqft. Office Space with Conference Room

Gym

Indoor Pool

Locker Rooms

Recreation Area

Outdoor Deck

Common Areas

2 Apartments

2-Stall Garage

Close Proximity to Mon General Hospital

$4,900 Current Monthly Rental Income (3 Units Leased)

District 8, Map 4B, Parcels 17.6, 17.7, 17.8, & 17.9

 

TERMS OF SALE:             Ten percent (10%) of the sales price shall be paid by cash, cashier’s check, or check guaranteed by bank letter of credit in acceptable form, in hand on the day of sale (the "Good Faith Deposit"), with the balance to be paid in cash at closing within 30 days after the date of sale. The sale of said property will be made subject to all exceptions, reservations, rights of way, easements, conditions, covenants, restrictions, leases and other servitudes of record, if any, pertaining to said real estate, and any and all unpaid taxes assessed against the Subject Property. The Subject Property shall be sold “AS IS” and “WITH ALL FAULTS.” The Substitute Trustee shall not be liable for any representations or warranties respecting the physical condition, size or characteristics of the Subject Property. Conveyance shall be by special warranty deed, and purchaser shall pay for all transfer stamps, recording fees, and other closing costs.   

The risk of loss or damage to the Subject Property shall be borne by the foreclosure purchaser from and after the bid strikedown at the time of sale. The Substitute Trustee will not deliver possession of the Subject Property to the foreclosure purchaser, who shall be solely responsible for obtaining possession of the Real Property. Further, the Substitute Trustee shall be under no duty to cause any existing tenant or person occupying the Subject Property to vacate said property, and any personal property and/or belongings remaining at the Subject Property after the foreclosure sale will be deemed to constitute ABANDONED PROPERTY TO BE DISPOSED OF ACCORDINGLY BY THE FORECLOSURE PURCHASER.

              Pursuant to the express terms of the Deed of Trust, the Substitute Trustee may act by agent in the execution of the sale and Joe R. Pyle Complete Auction and Realty Limited Liability Company will assist with the sale as auctioneer. Any sale hereunder may be adjourned from time to time without notice other than oral proclamation at the time and place appointed for the sale. The Substitute Trustee reserves the right to reject any or all bids. The party secured by the Deed of Trust reserves the right to purchase the property at such sale.

Additional terms and conditions shall be announced at the sale.

At public sale any person or entity may bid and may purchase any real estate sold if they be the highest bidder. If the real estate is sold for an amount in excess of the outstanding balance of the mortgage, together with all interest, unpaid real estate taxes and costs, said excess must be used to satisfy any other encumbrances on said property and after all said encumbrances are satisfied together with all interest and costs, any excess then remaining must be paid to the Grantor. If the Grantor or any person holding an encumbrance cannot be found after a diligent search, the money shall be paid into the Circuit Court of the county for the benefit of the Grantor or the holder of any such encumbrance.

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.

 

10% buyer’s premium due and payable to Joe R. Pyle Complete Auction & Realty, LLC at the close of the auction.

 

JOE R. PYLE COMPLETE AUCTION & REALTY SERVICE

(888) 875-1599

5546 Benedum Drive Shinnston West Virginia 26431

www.joerpyleauctions.com

 

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 WV 354 

Taylor Ramsey WV2352

Joe Panico WV2353

Nick Dawkins WV2410

Jonathan Leep WV2452A

 

 

Auction Listings provided by AuctionZip.com. Although the information published herein is from sources deemed reliable, AuctionZip.com expressly disclaims any liability for errors, omissions or changes regarding any information provided for this auction. Potential buyers are urged to verify auction date, time, and content directly through the auctioneer's website or by contacting the auctioneer directly. The terms and conditions of the auction may or may not be published in this listing. ALL TERMS AND CONDITIONS AND OTHER ANNOUNCEMENTS MADE THE DAY OF THE AUCTION ARE BINDING AND TAKE PRECEDENCE OVER ANY INFORMATION FOUND HEREIN.