Commercial Real Estate Auction
Tuesday, December 6th Noon
Registration & Inspection Begin at 11:00AM
718 Locust Ave.
Fairmont, WV
The College Lunch was established in 1943 by the Henderson Family and has been a sanctuary for college students and locals for nearly 80 years. After 26 years of operation, the current owner of this Fairmont State University landmark has decided to retire.
Turn-Key Business
Two-Story, 2,528+/- sqft. building
First floor includes commercial kitchen, bar, seating area, pool room, and restrooms
2nd floor is a 3 Bedroom, 1 Bath apartment.
Apartment currently leased through May 15, 2023, for $1,000/month (includes utilities)
The apartment has central air it has a gas furnace with a heat pump
200-amp electrical service
Forced air gas heat on both floors. Central air on first floor
All public utilities
Parking area
Restaurant/Bar equipment conveying with the property includes:
- 2 Bottle Coolers
- Keg Cooler
- 2 Deep Fryers
- Flat Top Grill
- 7 Chest Freezers
- Ansul System
- 4 36” Padded Benches
- 5 TVs
- 12 Camera Security System
- Cash Register
- Hobart Slicer
- 3 Bowl Sink
- Mop Sink
- 3 Small Refrigerators
- 3 Double Door Combo
- 7 Booths
- 10 Barstools
- 4 Tables
- 8 Chairs
- All Signage
District 3, Map 26, Parcels 72, 73, 74, & 75
Directions: From downtown head northwest on Jefferson St. toward Jackson St. Turn left onto Jackson St. Continue 0.1 miles then keep right to stay on Jackson. Continue onto Locust Ave for 0.6 miles.
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.
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.
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
Charlotte Pyle WV2174
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Bob Stewart, III WV1292
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Ethan Moore WV 354
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