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39 Room Motel Sold to the Highest Bidder
Lot Closed
Auction by Joe R. Pyle Complete Auction and Realty Service(3712)
This item is in , WV
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Item Details
APN/Parcel IDDistrict 1, Map 7, Parcel 37
CityGrafton
Item Location - State/ProvinceWest Virginia
Street300 Moritz St
CountyTaylor
ABSOLUTE COMMERCIAL REAL ESTATE AUCTION
Tuesday, March 10th at Noon
Registration & Inspection begins at 11:00AM
300 Moritz St
Grafton, WV
CRISLIP MOTOR LODGE, an independently owned and operated 39 room motel situated on 3.10 Acres, just off the intersection of highly traveled Rt. 119 & Rt. 50. Nice opportunity for an independent hotel owner or investor looking to develop the 3.10 AC. PROPERY TO BE SOLD TO HIGHEST BIDDER- NO MINIMUM OR RESERVE.
DISREGARD ALL PREVIOUS LISTING PRICES 1,500,000 1,000,000 800,000
ABSOLUTE AUCTION - SELLS TO HIGHEST BIDDER
GREAT OPPORTUNITY FOR DEVELOPMENT OR CONTINUED USE AS MOTEL
Location Overview:
Highly Visible Along Rt. 50
175 Yards from Intersection of Rt. 119 & Rt. 50
Close to Walmart, Restaurants, Banks, & Gas Stations
4 Miles to Tygart Lake State Park & Country Club
20 Miles to Morgantown or Bridgeport
Overview:
Situated on 3.10 Acres (as assessed)
Built in 1960
26,274 +/- Total Sq. Ft.
39 Room Motel
Pub III – Bar & Gaming Establishment
Ample Parking
Building Information:
(9) King Rooms
(30) Queen/Queen Rooms
Lobby & Registration Area w/ Half Bath
Pub III – Leased Bar & Gaming Section ($1,020/Monthly Rent)
Managers Apartment Above Lobby
Storage and Utility Room
Amenities:
FREE High-Speed Internet & Cable
In Room Microwave & Refrigerators
Guest Coin Operated Laundry Machines
Billiards Table in Lobby
Courtyard Area
Outdoor Entry
Ample Parking Space
Utility Information:
(3) 100 Gallon Hot Water Tanks
Updated Electric Service
Public Utilities
Equipment to Be Conveyed:
Commercial Washer & Dryer
ALL INDIVIDUAL A/C Units
ALL FURNITURE & APPLIANCES
ALL SUPPLIES & LINENS
Ice Machine
Mitel SX-50 Phone System
PMS System
Note: Vending Machines DO NOT Convey
Updates & Renovations in 2016:
New Roof
Updated Lobby & Electrical Service
Assessment Information – Taylor County:
District 1, Map 7, Parcel 37
Deed Book 331, Page 135
Legal Description: Three Fork & Lots 20 Thru 29 3.10 Acres & R/W
Payment
10% down payment due within 24 hours of the close of the auction. If down payment is not made, credit card on file with Proxibid will be charged for the down payment. Balance due at closing within 60 days. Any declined credit card charges must be settled within 48 hours following the conclusion of the auction to avoid a dispute filed with Proxibid. We accept Visa, Mastercard & Discover. To pay with American Express you must contact our office following the auction. Your credit card will be charged for the 10% down payment. A pre-auction authorization will be performed to establish available credit. Debit cards may show a hold on funds for a short period of time. Nothing will be charged to your card until a purchase is made. Credit card chargebacks will not be accepted. Invoices will be posted within 24 hours of the close of the Auction. Please check our website for updates on our auctions: www.joerpyleauctions.com. All chargebacks will result in a dispute filed with Proxibid that may impact your ability to bid in other auctions.
All sales are final. Items are sold AS-IS, with no warranty expressed or implied. It is the bidder's responsibility to determine condition, age, genuineness, value or any other determinative factor. Joe R Pyle Auction Service may attempt to describe the merchandise in advertising, on the Internet and at the auction but makes no representations. In no event shall Joe R Pyle Auction Service be held responsible for having made or implied any warranty of merchantability or fitness for a particular purpose. Bidder shall be the sole judge of value.
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Auction Details
39 Room Motel Sold to the Highest Bidder300 Moritz St , Grafton, WV, 26354Tuesday, Mar 10, 2020 | 11:00 AM CDT
Auction House
Terms Of Sale
REAL ESTATE TERMS: 10% nonrefundable down payment made within 24 hours of the close of the auction with balance due at closing. 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. 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.
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.
All square footage and other dimensions are approximate.
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.