One-of-a-Kind Building Auctioning in Downtown Charleston, West Virginia
19 Aug, 2025 - Tranzon Asset Advisors
(ELIZABETHTOWN, KY – 19 August 2025) – Once upon a time, in the land of the American Frontier, Daniel Boone, the burgeoning coal mining industry, and the home of the first natural gas mine in the country, a prominent West Virginia family decided that it was time for a grand six-story building to rise in downtown Charleston, West Virginia just a block from the Kanawha River. So in 1916, the Woodrums’ Building came to be, located in the beating heart of Charlie West, as Charleston is fondly known by fans.
Prominently listed on the National Register of Historic Places as one of West Virginia’s famous buildings of historical significance, the Woodrums’ Building is now being sold at online auction and eagerly awaiting a new owner to appreciate and profit from its many outstanding features. This highly desirable location at 600-602 Virginia Avenue is smack in the middle of downtown Charleston near Federal courts, the Charleston Convention Center, a wide variety of tourism destinations, classic restaurants and historical taverns, first-rate hotels, one-of-a-kind browse-worthy shops, sports venues, theatres and other performing arts venues, beautifully appointed residential spaces, and many riverfront attractions.
Woodrums’ includes both office and retail space as well as lofts in nearly 93,000 square feet on a 0.42-acre lot in the heart of downtown Charleston’s Historic District, and combines historic warmth and beauty with modern functionality in a very recent comprehensive, meticulous multi-year renovation.
The rentable area is almost 85,000 square feet and is suitable for residential, commercial, or mixed-use development. The building’s open floor plan lends itself perfectly to loft-style apartments in a market that can meet high current demand for downtown units. The property includes covered garage parking – a scarce commodity in downtown Charleston – and a freight elevator accessible to all floors. It also boasts easy access to I-77, I-79, I-64, and travel time to Yeager Airport is under 10 minutes. The Woodrums’ Building was appraised in late 2024 with a stabilized value of $4.7 million.
The building is being sold under Authority of the Successor Trustees Ellen S. Cappellanti and L. Richard Dorsey by Tranzon Asset Advisors and Joe R. Pyle Auction and Realty Services, Agents of the Successor Trustees and Secured Parties. The combined talents of both firms offer a broader marketing reach while maintaining a local connection to draw a more national audience to the 26 August auction.
The opportunity to bid on and own this incredible heart-of-Charleston asset begins with property tours and previews on 19 and 25 August and concludes with the end of online bidding on 26 August at 4:00 p.m. EST. Registration and bidding are restricted to qualified bidders only; interested parties and bidders may obtain Notice and Sale Terms from the Agents of the Successor and all terms and conditions of sale subject to the notice of successor trustee’s sale of real property. Licensed agents are encouraged to register their clients and will be paid a fee from the auction firm fees.
Visit us soon at https://www.tranzon.com/taa2520 to learn more about this outstanding property and its exceptional investment potential. The reputation and value of the Woodrums’ Building as a central architectural treasure in historic Charleston represents a unique, secure investment that stands the test of time…just as it has since 1916. Get in touch with us soon!
Contract Info
Tranzon Asset Advisors
Kelly Toney, EVP
713.816.1123
ktoney@tranzon.com
About Tranzon Asset Advisors
Tranzon Asset Advisors, founded to provide superior auction marketing and consultation services, has excelled in promoting and selling real and personal property assets across more than 40 states and offshore for more than three decades. As a member company of Tranzon, LLC, the firm is part of a national network of veteran professionals who have auctioned nearly 20,000 properties since 2000.
Headquartered in Elizabethtown, Kentucky, Tranzon Asset Advisors serve a wide range of clients, including state and federal courts, government agencies, real estate investment trusts, the Federal Deposit Insurance Corporation, not-for-profit institutions, national loan servicers, lenders, credit unions, and individuals and trustees involved in bankruptcy and estate settlement matters. The company offers expert market insights, premier asset marketing and objective property analysis to support the best possible decision-making process.