PUBLIC REAL ESTATE AUCTION EVENT!! 33 N. Washington Street, Berkeley Springs, WV
EXCELLENT COMMERCIAL & RESIDENTIAL POTENTIAL in THE CENTER of DOWNTOWN BERKELEY SPRINGS, WV!!
Live On-Site Auction w/Live Real Time Online Simulcast Bidding for Your Convenience!!
Property Tour: Friday, August 9 @ 11:00 AM SHARP! (Feel free to bring your inspector/contractor). Please contact Brian Damewood (540-454-2326) for more information or for a private showing.MIXED USE INVESTMENT OPPORTUNITY in the heart of downtown Berkeley Springs!! This wonderful mixed use building is comprised of 3 units totaling 11,892 +/- sf. on a 90'x100' lot (.21 +/- total acres) located in the center of downtown Berkeley Springs, WV (Town of Bath).
Spanning about a quarter of a city block and is situated across from the courthouse, this local landmark and historic downtown staple, was home to the former restaurant known as Tari's Cafe. This restaurant and bar is turn-key and ready for operation. Just bring your menu and hire your staff! ALL trade equipment is present and ALL conveys.
There is a large storage area upstairs loaded with additional catering and trade equipment/supplies that ALL convey as well. On the main level there is also a prime location commercial storefront to provide you with more revenue.
Plus, THE UPPER LEVEL boasts multiple sections of residential living space for cash-flow! On one half of the building you'll find an expansive 2BR/1BA living quarters with a kitchen with walk-in pantry, formal dining room, living room, family room with access to the rooftop, laundry room, entryway foyer, and a sitting room. This could serve nicely as a residence for the owner or restaurant manager.
Additionally, you'll find 4 "bed and breakfast" rooms (three 1BR/1BA and one 2BR/1BA). Being in the heart of downtown lends itself as the IDEAL location for vacation rentals! On the other side of the building you'll find even more income potential! This space is still unfinished (but does have existing bathrooms, plumbing, and rooms) and can be built-out to suit whatever idea you can dream up. The upper level has inside access but also a separate (and more formal) outside entrance from the street front, lending itself to a multitude of uses like office flex space, one large apartment, or 2-3 smaller apartments, or even more bed and breakfast rooms.
Berkeley Springs is surrounded by West Virginia's splendid outdoors and home to America's first spa with the largest open display of thermal water in the Blue Ridge. Along with its renowned warm mineral springs it has an amazing art scene, an annual 2-day Apple Butter festival founded in 1973, and is a friendly haven to tourists, drawing hundreds of thousands of visitors each year. This is an amazing & rare opportunity to own valuable real estate in the charming town of Berkeley Springs. With a thriving downtown environment, the commercial & residential potential for this property is unlimited! BID YOUR PRICE & MAKE IT YOURS!!
- All restaurant/bar/catering equipment convey with the real estate
- Heating: Oil radiator (on outside of building); Cooling: central AC
- Public water & sewer (currently water is shut off due to being unoccupied); electric water heater
- Internet: Comcast/Xfinity
- This is an amazing & rare opportunity to own valuable real estate in the charming town of Berkeley Springs. With a thriving downtown environment, the commercial & residential potential for this property is unlimited! BID YOUR PRICE & MAKE IT YOURS!!
- Located in the center of downtown and only minutes from the MD, PA & VA lines, 6 miles to I-70, 6.5 miles to I-68 and a short drive to Martinsburg, WV, Hagerstown, MD & Winchester, VA!
- Please contact "Sharon" (Town of Bath) for more information on the usage and potential (304-258-1102); this parcel is in a high risk flood zone--FEMA 100 year
- Tax Maps: 3-2A-41, 3-2A-40 & 3-2A-39; Deed Book: 292-390; Yearly real estate taxes: $15,843 (total); Structures were built in 1925; $40,000 deposit (certified check ONLY) is due immediately after confirmation of final bid and the balance due at closing within 30-45 days; WE GUARANTEE A FREE & CLEAR DEED
- Only $400,000 Starting Bid!!
FOR REALTORS: if you have been working with a Realtor, please have them CLICK HERE and complete their broker participation form. In order for the Realtor to be compensated, broker forms must be completed and submitted no later than 5 pm on the day before the auction (8/15/24), and all terms adhered to.
Touchstone Realty 004877-00 Martha Rose, Broker
WV Auction #1924
Terms and Conditions
TERMS: $40,000 deposit is due immediately after confirmation of final bid and the balance due at closing within 30-45 days (Settlement to take place with Conrad & Luttrell in Martinsburg, WV) or as soon thereafter as seller's closing documents are available (unless prior written arrangements have been made by contacting Brain Damewood @ 540-454-2326). There is a possibility of a lesser deposit if proof of pre approved financing is presented prior to auction. Deposits must be in the form of a cashier's check or certified check (from a US bank) made payable to yourself. The deposit is non-refundable. A 10% buyer's premium will be added to the final bid, and will become a part of the purchase price. Property sold in as-is condition, and is not contingent upon buyer's financing, condition of property, appraisal, inspection, etc. Pre-approved (no later than 5 pm on 8/15/24) broker participation is compensated (NO EXCEPTIONS). Auctioneer's Note: All information and dimensions were derived from sources believed to be correct, but are not guaranteed. Buyers shall rely on their own information, judgment, and inspection of the property. All auction day announcements take precedence over any previously printed material or any other oral statements made. Please note that the following statements are simply the highlights of the terms & conditions. Please refer to the "Property Information Packet" for complete and detailed terms & conditions that will govern the auction event.
We are happy to offer online/simulcast bidding for bidders who cannot physically attend the live auction event. Please understand and agree that online bidding will only be allowed if the buyer is physically NOT on site at the live auction. Online bidding will NOT be allowed if you are physically in attendance at the live auction event.
ADDITIONAL TERMS for THOSE PLANNING TO BID LIVE ONLINE
In addition to the above terms and conditions, Please read below if you are participating and registered for LIVE ONLINE SIMULCAST BIDDNG
- Contact the auction coordinator (his or her name and contact number is on the NichollsAuction.com site under the auction you are bidding on) immediately if you need additional information.
- Bidder Verification: The identity of all bidders will be and must be verified (via phone, email or text). Bidding rights are provisional, and if complete verification is not possible, Nicholls Auction Marketing Group, Inc. will reject the registration, and bidding activity will be terminated.
- At the close of the auction, and seller confirmation, the successful bidder will be emailed or given the contract package to execute and return to Nicholls Auction Marketing Group, Inc. Upon being declared the high and successful buyer, the credit card that you registered with will be charged $500 toward your deposit. The successful bidder’s remaining earnest money deposit ($39,500) must be in the form of cashier’s or certified check (United States Bank) or wire transfer to Nicholls Auction Marketing Group, Inc. and is due immediately. The entirety of the remaining balance is due at closing. Purchaser shall be responsible for all wire transfer fees.
- Contract Packages will be sent by e-mail or hand delivered to the high bidder, who must execute and hand deliver, email, fax or overnight mail back to Nicholls Auction Marketing Group, Inc., within 24 hours of receipt. If the successful bidder does not execute and return their contract with earnest money deposit within 24 hours of receipt they will be considered in default and subject to legal action. This is a legal binding contract.
- In the event a winning bidder fails to submit the signed ’Contract for Sale of Real Property’ and deposit earnest money as provided in the pre-stipulated Auction Terms, the winning bidder will be charged an administrative fee of $40,000 on the credit card provided at auction registration. Additional default remedies are reserved by Nicholls Auction Marketing Group, Inc., and the Seller as provided in the Auction Terms & Conditions and the ‘Contract of Purchase’. All administrative fees are non refundable.
- Any reliance on the contents shall be solely at the recipient’s risk. Bidders must conduct and rely solely upon their own investigations and inspections. The property is being sold ’AS IS’ with any and all faults. Please review all information supplied, and seek appropriate assistance prior to bidding.
- Technical Issues: Neither the company providing the software nor the auction company shall be held responsible for a missed bid or the failure of the software to function properly for any reason. In the unfortunate event of a DDOS attack or server attack/shut down, the auction company reserves the right, but is not required, to extend bidding time. To minimize the chance of being affected by internet or software issues, please use the “Max Bid” feature.
