Mixed-Use Building in Growing Boone County Market
Listing ID#: 844045

Sale Location
220 State Street 220 State Street
Madison, WV 25130
Sale Dates and Times
Bidding Starts: Wednesday Feb 4, 9:00 AM
Bidding Ends: Tuesday Mar 24, 6:30 PM
Sale Type
 Online Auction  VIEW ONLINE CATALOG
Company Information
Joe R. Pyle Complete Auction & Realty Service

Contact: Alan Heldreth
Phone: 3045926000
Email: info@joerpyleauctions.com
Website: www.joerpyleauctions.com

EstateSale.com ID#: 5968
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Listing Terms and Conditions


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. 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. Broker must be registered 24 hours prior to Auction. Brokers/Agents are not entitled to a commission if they are the purchaser.
Listing Information

Online Real Estate Auction

 

 

 

Bidding begins closing Tuesday, March 24th at 6:30PM

 

 

 

220 State Street

 

Madison, WV

 

 

 

Mixed-Use Commercial & Residential Building in Growing Boone County Market

 

 

 

Property Overview

 

12,182± Sq Ft Mixed-Use Building on 0.16± Acre Lot

 

Three (3) Commercial Storefront Suites

 

Three (3) Residential Apartments (Value-Add Opportunity)

 

On-Site Parking Lot

 

Separate Utility Meters for Electric & Water

 


 

Current Income & Leasing

 

Juanita’s Mexican Grill – Established Tenant Paying Monthly Rent

 

Two Additional Commercial Suites

 

Previously Operated as Law Offices

 

Ideal for Professional Services, Retail, or Office Use

 

Potential to Convert to Additional Residential Units for Increased Cash Flow

 


 

Residential Upside Potential

 

Three (3) Apartment Units On-Site

 

Units in Need of Renovation — Excellent Value-Add Opportunity

 

Ideal for Long-Term Rentals, Workforce Housing, or Short-Term Leasing Strategy

 

Opportunity to Reposition as a Mixed-Use Income Producer

 


 

Location & Market Highlights

 

Prime Downtown Location Adjacent to Boone County Courthouse

 

Minutes from Route 119 — Major Regional Thoroughfare

 

Strong Daily Traffic Counts & Visibility

 

Central Location Serving Local Businesses, Government Offices & Community Services

 


 

Investor Highlights

 

Multiple Income Streams (Commercial + Residential)

 

Existing Tenant in Place

 

Separate Utilities Simplify Expense Allocation

 

Flexible Use Potential: Office, Retail, Residential, or Hybrid

 

Ideal for Out-of-State Investors Seeking Emerging Market Growth

 

Strong Long-Term Appreciation Potential in Revitalizing Downtown Corridor

 


 

Summary

 

This versatile mixed-use property offers immediate income with substantial upside through renovation and repositioning. Located in the heart of Boone County’s government and business district, this is a rare opportunity to acquire a multi-tenant asset in an up-and-coming market with strong fundamentals and future growth potential.

 

 

 

District 3, Map 5, Parcels 130, 130.1 & 131

 

 

 

10% buyer’s premium.  60 days to close.  Please read full terms and conditions before bidding.

 

 

 

 

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

 

 

 

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

 

Carter Walker WV2542A

 

 

 

 

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Mixed-Use Building in Growing Boone County Market

Joe R. Pyle Complete Auction & Realty Service

Joe R. Pyle Complete Auction & Realty Service


Contact: Alan Heldreth
Phone: 3045926000
Sale Location
220 State Street 220 State Street
Madison, WV 25130
Sale Dates and Times
Sale Terms and Conditions
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. 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. Broker must be registered 24 hours prior to Auction. Brokers/Agents are not entitled to a commission if they are the purchaser.
Listing Details

Online Real Estate Auction

 

 

 

Bidding begins closing Tuesday, March 24th at 6:30PM

 

 

 

220 State Street

 

Madison, WV

 

 

 

Mixed-Use Commercial & Residential Building in Growing Boone County Market

 

 

 

Property Overview

 

12,182± Sq Ft Mixed-Use Building on 0.16± Acre Lot

 

Three (3) Commercial Storefront Suites

 

Three (3) Residential Apartments (Value-Add Opportunity)

 

On-Site Parking Lot

 

Separate Utility Meters for Electric & Water

 


 

Current Income & Leasing

 

Juanita’s Mexican Grill – Established Tenant Paying Monthly Rent

 

Two Additional Commercial Suites

 

Previously Operated as Law Offices

 

Ideal for Professional Services, Retail, or Office Use

 

Potential to Convert to Additional Residential Units for Increased Cash Flow

 


 

Residential Upside Potential

 

Three (3) Apartment Units On-Site

 

Units in Need of Renovation — Excellent Value-Add Opportunity

 

Ideal for Long-Term Rentals, Workforce Housing, or Short-Term Leasing Strategy

 

Opportunity to Reposition as a Mixed-Use Income Producer

 


 

Location & Market Highlights

 

Prime Downtown Location Adjacent to Boone County Courthouse

 

Minutes from Route 119 — Major Regional Thoroughfare

 

Strong Daily Traffic Counts & Visibility

 

Central Location Serving Local Businesses, Government Offices & Community Services

 


 

Investor Highlights

 

Multiple Income Streams (Commercial + Residential)

 

Existing Tenant in Place

 

Separate Utilities Simplify Expense Allocation

 

Flexible Use Potential: Office, Retail, Residential, or Hybrid

 

Ideal for Out-of-State Investors Seeking Emerging Market Growth

 

Strong Long-Term Appreciation Potential in Revitalizing Downtown Corridor

 


 

Summary

 

This versatile mixed-use property offers immediate income with substantial upside through renovation and repositioning. Located in the heart of Boone County’s government and business district, this is a rare opportunity to acquire a multi-tenant asset in an up-and-coming market with strong fundamentals and future growth potential.

 

 

 

District 3, Map 5, Parcels 130, 130.1 & 131

 

 

 

10% buyer’s premium.  60 days to close.  Please read full terms and conditions before bidding.

 

 

 

 

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

 

 

 

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

 

Carter Walker WV2542A

 

 

 

 

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Mixed-Use Building in Growing Boone County Market
 Online Only Auction
Sale Date(s)
Bidding Starts: Wednesday Feb 4 , 9:00 AM
Bidding Ends: Tuesday Mar 24 , 6:30 PM
Sale Location
220 State Street 220 State Street
Madison, WV 25130
Company
Joe R. Pyle Complete Auction & Realty Service

Contact: Alan Heldreth
Phone: 3045926000
Email: info@joerpyleauctions.com
Website: www.joerpyleauctions.com

Listing Terms and Conditions
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. 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. Broker must be registered 24 hours prior to Auction. Brokers/Agents are not entitled to a commission if they are the purchaser.

Online Real Estate Auction

 

 

 

Bidding begins closing Tuesday, March 24th at 6:30PM

 

 

 

220 State Street

 

Madison, WV

 

 

 

Mixed-Use Commercial & Residential Building in Growing Boone County Market

 

 

 

Property Overview

 

12,182± Sq Ft Mixed-Use Building on 0.16± Acre Lot

 

Three (3) Commercial Storefront Suites

 

Three (3) Residential Apartments (Value-Add Opportunity)

 

On-Site Parking Lot

 

Separate Utility Meters for Electric & Water

 


 

Current Income & Leasing

 

Juanita’s Mexican Grill – Established Tenant Paying Monthly Rent

 

Two Additional Commercial Suites

 

Previously Operated as Law Offices

 

Ideal for Professional Services, Retail, or Office Use

 

Potential to Convert to Additional Residential Units for Increased Cash Flow

 


 

Residential Upside Potential

 

Three (3) Apartment Units On-Site

 

Units in Need of Renovation — Excellent Value-Add Opportunity

 

Ideal for Long-Term Rentals, Workforce Housing, or Short-Term Leasing Strategy

 

Opportunity to Reposition as a Mixed-Use Income Producer

 


 

Location & Market Highlights

 

Prime Downtown Location Adjacent to Boone County Courthouse

 

Minutes from Route 119 — Major Regional Thoroughfare

 

Strong Daily Traffic Counts & Visibility

 

Central Location Serving Local Businesses, Government Offices & Community Services

 


 

Investor Highlights

 

Multiple Income Streams (Commercial + Residential)

 

Existing Tenant in Place

 

Separate Utilities Simplify Expense Allocation

 

Flexible Use Potential: Office, Retail, Residential, or Hybrid

 

Ideal for Out-of-State Investors Seeking Emerging Market Growth

 

Strong Long-Term Appreciation Potential in Revitalizing Downtown Corridor

 


 

Summary

 

This versatile mixed-use property offers immediate income with substantial upside through renovation and repositioning. Located in the heart of Boone County’s government and business district, this is a rare opportunity to acquire a multi-tenant asset in an up-and-coming market with strong fundamentals and future growth potential.

 

 

 

District 3, Map 5, Parcels 130, 130.1 & 131

 

 

 

10% buyer’s premium.  60 days to close.  Please read full terms and conditions before bidding.

 

 

 

 

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

 

 

 

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

 

Carter Walker WV2542A