FOR SALE The Historic New River Supply Building in Beckley, WV

Located at 337 Neville Street, near the new Federal Courthouse


FOR SALE $365,000.00 The historic New River Supply Building at 337 Neville St. downtown Beckley, WV 25801

Large Multi-purpose building only steps away from the new Robert C. Byrd Federal Courthouse. 

 

 

 

 

 

 


The Historic New River Supply Building

337 Neville Street, Beckley, WV 25801

Listed at $365,000.00

Agents: David Sibray, call or text 304-575-7390 or Randy S. Burdette, call or text 304-667-2897

This four-story commercial building adjacent to the WVU-Tech campus and the Robert C. Byrd Federal Courthouse offers plenty of open-plan space a straight-shot drive from high-traffic I-77.

At the western entrance to Beckley’s central commercial district, this well-maintained, four-story brick-and-stone landmark adjoins the campus of the West Virginia Institute of Technology and the Robert C. Byrd U.S. Courthouse and Federal Building, with which it shares a public courtyard.

An estimated 14,500 total square feet of high-capacity, chiefly open-plan space is distributed across its four stories and a finished basement. A freight elevator provides access to all levels. Its glass storefront opens onto Neville Street, one the busiest pedestrian concourses in the downtown.

The first floor has historically operated as a retail space while the upper floors have traditionally been used as storage and as furniture showrooms. The basement level, which formerly included a garage and loading area, has been converted into a whimsical cafe area, which opens onto the rear courtyard—a popular space for downtown gatherings.

The broad double-windows on the upper front, rear, and flanking facades allow for plenty of light and air circulation as well as views of the courthouse, courtyard, and historic streetscape. An alley along the flank allows for a third multi-windowed wall not otherwise present in many downtown buildings. Three of the upper floors and the basement floor exceed eight feet in height.

The building has been maintained with diligence since its construction in 1921, and period fixtures and detailed elements remain inside and out, including a vault, elevator, decorative tin ceilings, Italian cut stone foundations, and wooden bay doors off the courtyard at the rear.

In addition to its proximity to the federal courthouse complex, with which it shares the rear courtyard, the building is only a short block from the new Raleigh County Judicial Courthouse and two blocks from the Raleigh County Courthouse. The Beckley-Raleigh County YMCA Complex is a walk of fewer than five minutes from the building, as is the Raleigh County Public Library and the central campus for WVU-Tech. Three banks maintain branch offices in the downtown, as do many county and municipal agencies and law offices.

The property is a contributing structure in the Beckley Courthouse Square National Historic District and is therefore eligible for grants and tax credits of 50 and 40 percent for maintenance and rehabilitation. Expenses covered by credits may include architectural and engineering fees, development fees, and other construction-related costs. New heating, plumbing, and electrical systems may be eligible for tax credits, as may be expenses related to updating kitchens and bathrooms, compliance with the Americans with Disabilities Act, and fire-suppression systems and fire escapes. Grants are typically provided to remedy maintenance issues that could lead to damage and may include the repair of the roof, windows, and foundations.

HIGHLIGHTS AND ATTRIBUTES

Four stories and a finished basement provide an estimated total of 14,500 square feet. Freight elevator access is available to all five levels. Principal entrances are located at the front and rear.

Adjacent to the WVU-Tech campus, the building stands across the street from the university’s newly renovated Culinary Arts and Interdisciplinary Sciences buildings.

Adjacent to the Robert C. Byrd U.S. Courthouse and Federal Building, the property is an easy walk to the Raleigh County Courthouse and its judicial annex and many law offices and civic buildings.

The building’s historical rear entrance opens onto a gardened public courtyard and pub district that it shares with the federal courthouse and the Beckley intermodal gateway center.

The street-level glass storefront on the front facade opens onto a busy pedestrian and motor-vehicle thoroughfare. Public parking is available on-street and in nearby city parking lots.

Grants and tax credits for rehabilitation and maintenance are attached to the building as a contributing property in the downtown national historic district.

Two bathrooms, a kitchen area, and workshop and office areas are available on the first floor and basement level.

A drive of approximately two miles from I-77 at exits 42 and 44, the building stands at the interstate-bound entrance to the district. More than 49,800 motorists pass daily on I-77.

A drive of less than a day from more than half the U.S. population, an estimated 2 million tourists visit annually, touring the New River Gorge, skiing Winterplace, scouting at the Bechtel Summit. 

The building’s plentiful windows admit natural light on all stories. Exceptional views of the historic streetscape and federal courthouse and square are available at the front and rear.

Central to the 200,000-resident market area, which includes surrounding Raleigh County and parts of adjacent Fayette, Mercer, Summers, Greenbrier, Wyoming, Nicholas, and McDowell counties.

High, decorative tin ceilings are highlights on most floors and in the basement. Historic fixtures and detailed architectural elements, including doors, a safe, and the elevator, are apparent throughout.

Ceiling heights measure 8.3 feet on the first floor, 7.4 on the second; 8.6 on the third, 8.2 on the fourth, and 12 on the basement level.

The district is a drive of less than half an hour from Winterplace Ski Resort and the New River Gorge National River and is fewer than 10 miles from Summit Bechtel National Scout Reserve.

The region is a renowned destination for hiking, biking, rock-climbing, whitewater rafting. The nearby Endless Wall Trail was voted top among national park hiking trails by USA Today.

ATV touring is increasingly popular on the Hatfield-McCoy Trails and Burning Rock Off-Road Park in the mountains to the southwest, a drive of about 20 minutes from the district.

Seven golf courses operate within a half-hour’s drive, including three championship courses at Glade Springs Resort and the course at Black Knight Country Club, a five-minute drive away.

Eleven hotels and motels are located at I-77’s exit 44, a two-mile straight-shot drive to the building entrance. Twenty-nine hotels operate in the Beckley area.

Campuses for WVU-Tech, Concord University, Bluefield State College, Appalachian Bible College, New River Community and Technical College are located in and adjacent to Beckley.

Three hospitals and many medical offices and clinics in and adjacent to the city include Raleigh General, Beckley Appalachian Regional, Veteran’s Administration Medical Center.

Flight service is a 15-minute drive from the building at the Raleigh County Memorial Airport, which provides for general aviation and flight service to Parkersburg, W.Va., and Charlotte, N.C.

Yeager Airport, at Charleston, is an hour’s drive by expressway and provides for flight service to Charlotte, Orlando, Atlanta, Chicago, Philadelphia, and Washington, D.C.

Amtrak rail passenger service to Chicago, New York, and Washington, D.C., is a 25-minute drive from the district at Prince, while other flag stops are available along the line nearby.

The highland area is also known for its pleasant climate and low industrial pollution, and air and water quality are both are high throughout much of the region.

LOCATION

Google Coordinates: 37.776458, -81.190749

Address: 337 Neville Street, Beckley, WV 25801

Elevation Range: 2,421 ft. +/-

HISTORIC DOWNTOWN BECKLEY

The economic center of southern West Virginia, Beckley, and its downtown blossomed during the first half of the 20th century from a quiet courthouse village into a sprawling city of more than 20,000 residents. Fueled by the growth of the region’s coal mining industry, it had also benefitted from its location along a natural travel route between the East Coast and Midwest. Expressways that meet at Beckley today shadow historic roads that joined in what’s now the city’s historic downtown. Around that road junction in 1835, Alfred Beckley platted a village, which became the site of a small country courthouse.

The community grew slowly until World War I, after which the small collection of wooden and brick buildings began to increase in quality and dimension. What’s now the downtown began to extend outward along avenues such as Neville Street, where village homes were replaced by civic and commercial buildings of brick and stone, two to four stories tall. The building now at 337 Neville was built in 1929 and was one of the largest and most impressive commercial buildings on the street. Its massive display windows maximized showroom space in which merchandise could be viewed by shoppers. For many years it was famously the home of New River Supply Co., a furniture store that served the larger New River region.

The downtown was added to the National Register of Historic Places in 1994, securing for property owners within the district the financing to improve properties and restore them to the 1900-1945 period. In 2015, West Virginia University acquired buildings in and adjacent to the downtown and moved its technology campus to Beckley. In recent years, the potential of the downtown to benefit from proximity to the growing campus has attracted investment and much speculative attention.

UTILITIES

Water: public water is supplied by Beckley Water Co.

Electricity: on-property electric service is supplied by AEP

Natural Gas: an adjacent line is supplied by Mountaineer Gas Co.

Internet: high-speed service available

Fire Service: 0.5 miles from Beckley Fire Department

Cell: Coverage excellent with 4G supplied by several carriers

Sewer: City of Beckley

MECHANICAL & IMPROVEMENTS

Many of the mechanical features of the building may be improved and repaired with the aid of grants and tax credits, which can offset total costs by as much as 90 percent if used in tandem. New heating, plumbing, and electrical systems may be eligible for tax credits, as may be expenses related to updating kitchens and bathrooms, compliance with the Americans with Disabilities Act, and fire-suppression systems and fire escapes. Grants are typically provided to remedy emergent issues that could lead to damage and may include the repair of the roof, windows, and foundations. Expenses covered by credits may include architectural and engineering fees, development fees, and other construction-related costs.

HVAC

Heating and air-conditioning are provided on the first story and basement levels by a Trane heat pump installed in 2015. The temperature on upper levels is moderated by the lower-level system.

ELECTRIC

Three-phase service is available on all levels.

ELEVATOR

A Salem freight elevator installed in 1943 is in good repair. Tax credits of as much as 40 percent of the cost are generally available for the repair of historic elevators.

ROOF

A Dura-last commercial PVC roofing system was installed in 2001 and has remained in good condition. An isolated event during heavy snow caused a seam to require repair. State rehabilitation grants are generally available to help manage the cost of roof repairs.

EMERGENCY ESCAPES

A fire and emergency escape with rear access to the first floor was installed in 2015. A rear emergency escape from the upper floors requires repair or replacement, for which tax credits of as much as 40 percent of the cost are generally available.

WINDOWS

Most of the building’s doors and windows are original and in good repair. State rehabilitation grants are generally available to help manage the cost of the repair of original windows.

ZONING

The property is zoned commercial by the City of Beckley. All prospective buyers should consult the municipal zoning office regarding zoning and building codes.

BECKLEY AREA

The largest city in southern West Virginia, Beckley is home to more than 16,000 residents and a larger population of more than 73,000 residents who live in surrounding Raleigh County. Its market area is estimated at more than 200,000, which includes inhabitants of most adjacent counties. The city is located at the junction of four expressways— including Interstates 64 and 77—and is less than a day’s drive from half the U.S. population.

The region is famous for its pleasant climate and diverse outdoor-recreation opportunities. An estimated two million tourists visit the Beckley area annually, exploring nearby state and national parks and attractions such as Winterplace Ski Resort, the New River Gorge Bridge, and the Beckley Exhibition Coal Mine.

Managed by the National Park Service, the New River Gorge is nationally renowned as a destination for hiking, rock-climbing, and whitewater rafting, while ATV touring has also become a popular vacation pastime in the mountains to the west. Just north of the city, the Summit Bechtel National Scout Reserve annually welcomes tens of thousands of scouts to the region. In 2019 it hosted more than 45,000 during the World Scout Jamboree. Seven golf courses are within a half hour’s drive of the city, and countless miles of hiking trail wanders the area, including Endless Wall Trail, named the nation’s best national park hiking trail by USA Today in 2015.

Twenty-nine hotels operate in the Beckley area, and the region’s highest concentration of lodging facilities is located two miles from the property at I-77 exit 44, adjacent to the Beckley Travel Plaza at the Tamarack arts retail center. Most national retail stores and restaurants may be found at Beckley as well as a growing number of specialty shops and restaurants. More than 49,000 motorists pass by the exit daily, according to the West Virginia Parkways Authority.

Flight service is provided through the Raleigh County Memorial Airport, a 15-minute drive from the property, while Yeager Airport, at Charleston, is a drive of approximately an hour by expressway and provides service to Charlotte, Orlando, Atlanta, Chicago, Philadelphia, and Washington, D.C. Amtrak rail passenger service to Chicago, New York, and Washington is provided at the nearby Prince Station, a 25-minute drive.

Beckley is also the educational and medical center of southern West Virginia. In addition to the WVU-Tech campus, four institutions of higher education maintain campuses at or adjacent to Beckley, including Concord University, Bluefield State College, Appalachian Bible College, and New River Community and Technical College. The West Virginia School of Osteopathic Medicine at Lewisburg is a drive of less than an hour from the city. Many clinics and three hospitals serve Beckley, including Raleigh General Hospital, Beckley Appalachian Regional Hospital, and a Veteran’s Administration Medical Center.

NEW RIVER GORGE REGION

Beckley is located at the center New River Gorge Region, an area of level highlands through which the New River has carved a steep-walled canyon, the most precipitous part of which, near Fayetteville, is known as the New River Gorge. More than 70,000 acres across the region are protected by the National Park Service as part of the New River Gorge National River.

With the exception of the gorge and the steep-walled valley of the New River, the region is otherwise known for its relatively level character—hilly in places, but without the steep and mountainous terrain found in other areas of the state. Though moderately industrialized during the early 1900s, the region since the 1950s has been more highly regarded as a destination for a clean industry. Air and water quality are both relatively high throughout much of the region.

The highland area is also known for its pleasant climate. Summer heat rarely exceeds 90 degrees, while winter cold rarely falls below the 20s. Snowfall is traditionally moderate, and snow rarely lingers long expect in the most mountainous areas in the east along the Allegheny Mountains.

DEED AND TAX INFORMATION

Deed Information: Part of deed book 5,053 Pg. 4,203

Raleigh County, West Virginia

Acreage: surface 2,930 square feet +/-

Real Estate Tax ID/Acreage/Taxes:

Raleigh County (41), West Virginia

Beckley Corporate (01)

PART OF Tax Map 24 Parcel 43.

Class 4

2020 Real Estate Taxes: $2,054.88

PUBLIC & PRIVATE SCHOOLS

Several public and private schools operate in and near Beckley by the authority of the Raleigh County School District, and homeschool programs are supported.

Public Elementary School:

Beckley-Stratton Elementary School

Public Middle School:

Park Middle School

Public High School:

Woodrow Wilson High School

DIRECTIONS

From Interstate 77 at Harper Road (exit 44), follow WV-3 east two miles through the junction with WV-16; continue .2 miles on Neville Street.

From Interstate 77 at Robert C. Byrd Drive (exit 42), follow WV-16 north 1.8-mile junction with WV-3; turn left onto Neville Street and continue .2 miles.

REGIONAL INFORMATION

STATE INFORMATION

 

 

 

 

Click on any image to view larger.

The Historic New River Supply Building Entry level store front Lower level view Underground Beckley Access

Click on any image to view larger.

The Historic New River Supply Building, Beckley, WV The Historic New River Supply Building, Beckley, WV The Historic New River Supply Building, Beckley, WV The Historic New River Supply Building, Beckley, WV Store front of The Historic New River Supply Building, Beckley, WV
Walking view of downtown Neville Street, Beckley WV
Tax map Aerial map Aerial map with physical address
Birds eye view Area map

Riverbend Auctions

http://weselltheearth.com

P. O. Box 800 Alderson, WV 24910

Your auction should be printing now. If not, please click here.

AuctionServices