#1 • Mixed-Use Building in Growing Boone County Market
Part of Mixed-Use Building in Growing Boone County Market (timed auction by Joe R. Pyle Complete Auction & Realty, LLC)
High bid $110,000.00
Status: No sale
Online Real Estate Auction Bidding begins closing Tuesday, March 24th at 6:30PM 220 State Street Madison, WV Mixed-Use Commercial & Residential Building in Growing Boone County Market Property Overview 12,182± Sq Ft Mixed-Use Building on 0.16± Acre Lot Three (3) Commercial Storefront Suites Three (3) Residential Apartments (Value-Add Opportunity) On-Site Parking Lot Separate Utility Meters for Electric & Water Current Income & Leasing Juanita’s Mexican Grill – Established Tenant Paying Monthly Rent Two Additional Commercial Suites Previously Operated as Law Offices Ideal for Professional Services, Retail, or Office Use Potential to Convert to Additional Residential Units for Increased Cash Flow Residential Upside Potential Three (3) Apartment Units On-Site Units in Need of Renovation — Excellent Value-Add Opportunity Ideal for Long-Term Rentals, Workforce Housing, or Short-Term Leasing Strategy Opportunity to Reposition as a Mixed-Use Income Producer Location & Market Highlights Prime Downtown Location Adjacent to Boone County Courthouse Minutes from Route 119 — Major Regional Thoroughfare Strong Daily Traffic Counts & Visibility Central Location Serving Local Businesses, Government Offices & Community Services Investor Highlights Multiple Income Streams (Commercial + Residential) Existing Tenant in Place Separate Utilities Simplify Expense Allocation Flexible Use Potential: Office, Retail, Residential, or Hybrid Ideal for Out-of-State Investors Seeking Emerging Market Growth Strong Long-Term Appreciation Potential in Revitalizing Downtown Corridor Summary This versatile mixed-use property offers immediate income with substantial upside through renovation and repositioning. Located in the heart of Boone County’s government and business district, this is a rare opportunity to acquire a multi-tenant asset in an up-and-coming market with strong fundamentals and future growth potential. District 3, Map 5, Parcels 130, 130.1 & 131 10% buyer’s premium. 60 days to close. Please read full terms and conditions before bidding.
