Remarks

Western four floors, approximately 31,400 sq. ft., of The historic Frederick Building, located in the central downtown historic district is ready for conversion and remodel. This section of the Frederick Building was originally constructed in 1906 as a stand alone building, and in circa 1970's the front section of the 5th floor was combined with the central main hotel for the construction of a large private residence and currently remains in this configuration. The Frederick Building has previously been converted into a condominium property and all required documentation is on record in the Office of the Cabell County Clerk. This section/building of the property has its own main electrical feed, main city water and sewer lines, as well as its own wet sprinkled fire protection system with automatic central alarm notification. All floor levels are currently vacant and offer open floor plates. This building/section has been pre-approved, under prior filings, for both Federal and State historic tax credits. In order for purchaser to utilize and take advantage of these credits, all such related guidelines and requirements must be strictly adhered and followed. Seller will take no responsibility for the use or loss of such credits by Purchaser. Seller will consider, but will not be strictly required to offer or make arrangements for, owner financing. In order for purchaser to to be considered for owner financing, the purchaser shall be required to provide proof of additional buildout capital and/or debt financing or other funding, show a prior history of property rehabilitation, and provide an upfront down payment.

Details

MLS#: 177745
Price: $350,000

Style: Other
Sq Ft: 31398
Year Built: 1906

County: Cabell

School Elementary: Southside
School Middle: Southside
School High: Huntington