Versatile Legacy Fayette County Property

PROUDLY PRESENTING

VERSATILE LEGACY FAYETTE COUNTY PROPERTY

SUGGESTED STARTING BID $600,000

Property Address

19 Pennington Place & 632 Milroy Grose Road

Lansing, WV 25862

LIVE AUCTION DATE: June 24 @ 1:00pm

ONLINE PRE- BIDDING ENDS: June 22 @ 1:00pm

OPEN HOUSE: June 13 1:00-4:00pm

FOUR DISTINCT PARCELS (60+/- ACRES AND ALL IMPROVEMENTS) OFFERED TOGETHER IN THEIR ENTIRETY

1. 19 Pennington Place Lansing, WV 25862
2. 36.8 Acres Adjacent to 19 Pennington Place
3. New River Gorge Campground & 8.3 Acres
4. 23.7 Acres West of and Adjacent to Route 19 South

Versatile legacy Fayette Co. property. Perfect for the discerning investor:

Opportunities like this come along once in a generation. Situated just minutes from the New River Gorge Bridge and New River Gorge National Park and Preserve, and Hawks Nest State Park, this remarkable property invites you to own a piece of West Virginia’s natural beauty. An investors dream, that offers a multitude of income-generating possibilities. with a 30-space campground, tiny homes, an Airbnb cottage, and 23.7 acres lying to the west and directly adjacent to the southbound lane of Route 19. This area, located near the tourist hub of Fayetteville, WV, is one of the most rapidly growing business locations in southern WV. This vibrant area features white water rafting, a unique food and music scene, zip lining, ATV trails, hiking, and much more. This is truly a rare offering, in one of the hottest areas in West Virginia.

This property features:

1. East side of Route 19: 45 acres, 4,460 sq. ft. Victorian style home (recently inhabited), detached three-bay garage with lofted apartment, 30 space operational campground, camp store, bunk house, bath house, ponds, pavilion, detached storage building/office, leased tiny homes, leased cottage Airbnb, leased mobile home

2. West side of Route 19: 23.7 acres, landlocked during the construction of Route 19. Could possibly be eligible for development and potentially a candidate for an exit from Route 19 South.

Don’t miss your chance to bid on this extraordinary Fayette County property. There won’t be many more opportunities like this in this rapidly growing southern West Virgina region.

GENERAL PROPERTY INFORMATION:

1. House - Year built – 1880
2. 4 bedrooms
3. 3 1/2 bath
4. Total approx. finished sq. ft. above grade- 4.460
5. Approx. 68.8 +/- acres total
6. Living room
7. Eat-in Kitchen
8. Formal Dining Room
9. Walk up attic with staircase and space for two additional sleeping quarters
10. Public water and septic - Septic tank may not be property sized to serve the house
11. Whole house generator
12. Heating- Two Heat pumps & propane boiler (2020) radiant hot water
13. Cooling- Two Heat pumps
14. Municipality: Fayette County

Parcel ID: 10-01-0042-0083-0000, 10-01-0042-0052-0000, 10-01-0042-0053-0000, 10-01-0042-0032-0000

Legal Desc.: SURF .33/ MILROY GROSE RD 372/511, SURF 36.50/ MILROY GROSE RD NR LANSING, SURF 8.30/ DOGWOOD RIDGE, SURF 23.72/ DOGWOOD RIDGE N/S RT 19 TRACT D

INFORMATION REGARDING IMPROVEMENTS ON PREMISES

1. Detached garage and lofted apartment
2. Detached storage building/office
3. Bunk House
4. Bath House
5. Pavilion
6. Tiny Rental Cottage- currently on lease from a separate entity
7. Mobile Home
8. Camp Store Building
9. Multiple Tiny Homes-currently on lease from a separate entity

The campsite, bunk house, bath house and pavilion have hosted various groups of tourists and white-water rafting enthusiasts. Over the years, various local organizations and families have made use of the pavilion for gatherings and weddings. At one time, there were several tent sites in the woods on the hill side behind the bath house and bunk house.

CAMPGROUND FEATURES:

1. 30 spaces
2. Electricity 50 amp/30 amp service to all spaces
3. Public water to all spaces
4. Bath house
5. Sewage treatment facility

TERMS: A 10% buyer's premium will be applied to the final high bid.

EXAMPLE: High Bid = $1,000,000

Buyer's Premium (10%)= $100,000

Total Purchase Price = $1,100,000

A $25,000.00 deposit due the day of sale in the form of a cashier's check or cash. Property is sold AS-IS with no warranties expressed or implied. Close within 30 days. Prequalification letter required from buyers requiring financing to purchase. Proof of funds required from cash buyers. Time is of the essence. Visit www.farmer-auctions.com for a Property Information Packet and complete Terms and Conditions call our office at 540-384-0100 to request copies. Broker participation is welcomed and compensated.

FARMER AUCTIONS

Driven by Service, Proven by Results

See all of our current, upcoming and past auctions at:

www.farmer-auctions.com

WV 2111, VAF 1007, VAL4007, NCAL 9369