New Cumberland Income Producing Commercial Building
Former School Building
Location: 104 N. Court St. New Cumberland, WV 26047
GPS Coordinates 40.499637, -80.608787
Date: Bidding is open & begins closing Tuesday, October 17th at Noon
Preview: Tuesday, October 10th from Noon - 1:00 PM
Online Only Bidding
70,850+/- Square feet | Annual income $59,685.00 | Yearly leases that automatically renew in July of each year unless tenants give 30 day notice | Owner pays utilities | Main part is a 3 story building | Gymnasium | Gymnasium roof redone in 2011 | Main roof replaced in 2015 | Gas hot water boiler heat system | AC – outdoor units and Mini Splits | City Water | City Sewer
Room for more tenants in this building!
Situated right next to The Hancock County Courthouse
Legal Description: District 5 Map N26G Parcel 44 COURT, District 5 Map N26G Parcel 15 LOTS 51-52 COURT ST
Terms: 10% nonrefundable down payment due within 48 hours of the close of the Auction. No financing or other contingencies. Any required inspections must be completed prior to bidding. All information contained herein derived from sources deemed reliable but not warranted. Sold as is no warranties written or implied. Property will be sold free and clear of any & all liens and encumbrances. Taxes will be prorated to the day of closing. 45 days to close. 10% buyer’s premium will be added to determine the final contract price.
Kaufman Realty & Auctions of WV
399 W. Main St.
Bridgeport, WV 26330
David Anthony Kaufman, Broker
Andrew Yoder Jr. - Auctioneer/Agent
Auc. Lic. #2086
Wayne Yoder - Auctioneer/Agent
Auc. Lic. #2161
Please note that approval is required to bid on this auction. Bidder approval closes one hour prior to the scheduled soft close time. Example…soft close of 7 PM, bidder approval closes at 6 PM. WE STRONGLY SUGGEST YOU COMPLETE THE REQUIREMENTS AND REQUEST APPROVAL 24 HOURS PRIOR TO THE SCHEDULED SOFT CLOSE. Kaufman Realty & Auctions is not responsible for anyone who does not meet the approval time or requirements to bid. Failure to register until the last minute could result in not being approved.
Successful bidder will be emailed a contract to be executed and returned to Kaufman Realty & Auctions of Wv. Successful bidders will deposit 10% of the Contract price in the form of cashier’s check or wire transfer to Kaufman Realty & Auctions of WV. The entirety of the remaining balance is due at closing or within 45 days. Instructions for wire transfer and /or cashier’s check transmittal will be sent by e-mail to the successful bidder. Purchaser shall be responsible for wire transfer fees.
Property lines on our maps are approximate. Not a survey.
Contract Documents will be sent by e-mail to the successful bidder must execute and fax or email back to Kaufman Auctions within 48 hours of the end of the auction.
Successful bidders not executing and returning their contract with earnest money deposit within 48 hours of the conclusion of the auction will be considered in default.
At the close of bidding, the system will reset to 5 minutes when a bid is placed within the last 5 minutes and will do so until no one bids during the allotted time.
Buyers Premium Example:
Bid Price: $100,000
Plus 10% Buyers Premium: $10,000
Total Contract Price: $110,000
Down Payment $11,000
In a reserve auction, if a bidder's max bid is below the reserve, the system bids on behalf of the seller up to the reserve.
Kaufman Realty & Auctions is not responsible for any computer malfunctions during the Auction. Please note all internet connections differ in their rate of speed. Your ability to bid in waning seconds of a timer may be adversely affected by your connection. WE STRONGLY SUGGEST THAT YOU DO NOT WAIT TO PLACE BIDS UNTIL THE LAST 15 SECONDS AS A SLOW CONNECTION MAY CAUSE YOUR BID NOT TO BE PLACED.
DISCLOSURE: Kaufman Realty & Auctions of WV is acting as Auctioneer/agent and is an agent for the seller only.
DISCLAIMER: Information contained herein 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.
All square footage and other dimensions are approximate.
BUYER/BROKER INFORMATION: Up to 1% 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. Call for Broker Registration Form, or print it from the documents tab for that specific Auction. Must be registered & Approved 24 hours prior to Auction. Brokers/Agents are not entitled to a commission if they are the purchaser.