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23350 South Calhoun Hwy
Chloe, WV 25235
$175,000
Conventional
Property
Bedroom
--
Bathroom
½: 1
Property Type
Conventional
Square ft
--
Property Description
Step back in time to a hardware/general store located in the heart of rural WV. This business has survived for well over a century, serving patrons even during the Civil War. Locally owned and operated for decades by a few different families, it's success has been attributed to many locals as well as businesses being able to shop locally from the variety of items the store keeps well-stocked. The store is also frequented by passersby, including motorcyclists that enjoy the scenic drive through central WV. There's a sense of nostalgia that one feels when walking past the front porch swing and entering into the front door that has hung for over 100 years. The store carries quite an array of merchandise, including but not limited to: hardware; electrical supplies; plumbing supplies; gas fittings; pumps; custom in-house cut iron pipe; auto batteries, filters, oil, and belts; livestock feed and straw; and groceries, including beer and tobacco. Starting in early spring the business has provided locals a place to purchase vegetable plants, hanging baskets and soil. The business is a turn-key operation with over 25 different vendors delivering its merchandise. The store is equipped with tele-check and is licensed as a DNR game-checking station as well as licensed to accept food stamps. Bookkeeping is open to prospective buyers with a contract in place, and the current owner is willing to help transition new owners for a limited time after closing. Many locals have expressed their love of the business, hoping that it will continue on for years to come as it has served their community longer than any other business in the county. Located on Rt. 16 in the unincorporated community of Chloe, the store is approximately 12 miles from Interstate 79 and 15 miles to the community of Arnoldsburg. It's 25 miles to the county seat of Grantsville and 50 miles to the state capital, Charleston, WV. The store is estimated to have over $75,000 in inventory currently stocked. There's an older home next to the store that is currently used for storage. Equipment such as the pipe cutting machine and forklift will convey. Most of the coolers are owned, but a few are leased from soda vendors. There's a Generac generator to back up most of the coolers during an outage. The metal roof is less than 5 years old. It has a septic system and well water, and it's heated by natural gas wall-mounts and cooled with three window air conditioners. This one-of-a-kind business has a feel that you must experience to truly appreciate it's value, as its value to the customers it serves is priceless. Make it yours for $175,000. Call today.
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential Multi Family-Other
Year Built
--
MLS Number
--
Location
Address
23350 South Calhoun Hwy
City
Chloe
State
WV
Zip Code
25235
County
CALHOUN
Listing
Name
Phone
(304) 765-2255
Office Name
Office Phone
(304) 462-5997
Agent Name
Wyndi Yanero
Agency Phone
(304) 462-5997

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As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.