80 West Main Street

Highlights:

• Days on Market: 16
• Heating: Heat Pump(s)

Description:

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 1⁄2 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.

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Listing ID: 804564005388