Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1905
Sq.Footage
N/A
WARDENSVILLE: Money in the Bank! Just deposit your monthly checks from this fully functioning income producing property. Located in the center of one of the fastest growing areas in West Virginia, this large, historic property offers you an incredible chance to make money with little effort. Since the early 1900s, the Star Building has been a staple in the lives of the citizens of Wardensville and its surrounding communities. The main floor is currently being renovated to accommodate a fresh, new restaurant while the second floor contains four occupied apartments, all providing you with a ready income. There are additional areas for office space or other income-producing activities. Close to ½ acre located at the intersection of Trout Run and Lost River. Now is the time to invest in your future. $495,000 The main floor of the building (excluding the “barbershop” area) located at 14 Barley Lane and/or 80 West Main Street, Wardensville, WV 26851, has a Purchase Option and Lease Agreement with an option term of January 31, 2029. If during the Term of the Lease, a bona fide written offer is accepted by the Sellers, the Tenant will have no more than thirty (30) days to exercise its Right of First Refusal. If tenant fails to exercise its Right of First Refusal within the time stated, this Right of First Refusal shall terminate and have no force and effect. The new owners will assume the lease contract until its termination as stated in the lease agreement. There are four (4) apartments on the second floor. Three (3) of those apartments are on a month-to-month lease. The remaining apartment has a lease with an expiration date of 3/30/2027.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Heat Pump, Electric
-
Heating YN
YES
-
Heating
Electric, Heat Pump
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Wood Siding
-
Parking
On Street, Parking Lot
-
Pool
No
-
Waterfront YN
YES
Area & Lot
-
Lot Features
Waterfront
-
Lot Size(acres)
0.48
-
Property Type
Commercial Sale
Price
-
Sales Price
$495,000
-
Tax Amount
$2,101.35
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Sewer
Septic Tank
-
Water Source
Public
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Location
County
HARDY
Elementary School
Middle School
High School
Listing Courtesy of Charlotte D Bowman , Highland Trace Realty, Inc.
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AGENT
David Riddle
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