Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1895-12-13
WHEELING REAL ESTATE.
The Market Showing Signs Of Future
Activity for Good Property.
Dealers Looking Forward to Spring
With High Hopes-Many Owners
Of Business Property Thinking
Seriously Of Improvements--There
Would Be Q Good Demand for
Modern Structures Of All Sorts.

Modern Structures Of All Sorts.
There are certain new features, con-
ditions and enterprises existing in re-
spect to real estate and property in
this city which should receive the study
and support at once OF its citizens, es-
pecially the business man and investor.
Wheeling does not belong to the class
of American cities that have had
boom in real estate. Such a condition
never existed here. 1t is true that
about five years ago, when the Wheel
ing Bridge and Terminal Company was
constructing its bridge over the Ohio
river to this city from Martins Ferry
and the tunnels through to East
Wheeling and the Fifth and Sixth
wards Of the city, that much valuable
property was purchased and condemn
ed on its line from the river. The cele-
brated Island railroad project also re-
suited in the purchase of a large
amount Of property, and as a conse-
quence of these enterprises a large
amount of money was paid the proper
ty owners along its lines, and this sur
plus money sought quite extensive in
vestment in other real estate and a
boom was thought by some to be on in
the real estate market in the city, but
what usually passes for boom Of that
sort never really existed in this COM
munity The stimulus thus impaired
to local realty was well maintained UNI
TIL the advent of the semi-panic of two
years ago, since when, up to few
months ago, there was a depreciation
of values of all realty outside of the es-
tablished business district, and a de-
cided falling off in the market The
present fall and winter, however, has
seen a somewhat increased demand for
the best classes of residence property,
and quite a number of transfers have
lately been made some at very good
figures when bargains were made be-
tween principals. although it must be
confessed that some auction sales have
not had a very encouraging or reassur-
ing effect. Real estate men, and par
ticularly dealers, are not discouraged,
however, as they are decidedly of the
opinion that the worst is over, and all
are looking forward to the advent of
spring with the confidence that it will
bring with it a decided stiffening of
prices.
Within the past few days the Regis
ter has been looking up real estate mat
tiers with some care, and finds that not
a few owners of property, in both the
wholesale and retail districts, are very
I'll !, l. Of
improvements in the near future. The
recent business improvements which
have been made in this city hove dem
Onstrated beyond a doubt that new and
modern buildings are the things Wheel
ing wants in a real estate way, and that
we viii have more of them within the
next few years is certainty. That
such property. if it existed to-day,
would rent we'll. to the best class OF
tenants. is certain. A score of mer-
chants may be found in the city who
would move from their present places
of business if they could secure and
OCCUPY a modern built storeroom or
building. The same is true of the class
renting Offices. Investigation by the
Register shows that a large number of
professional and business men are
making arrangements to have leased
Offices in the new Exchange Bank
building. gladly paying a higher rent
for modern constructed and equipped
offices where they can go to work AT
once in the morning and have no
trouble on account of janitor, heat and
light service.
The same is true of modern tenement
dwellings. but few are constructed at
the present time in the city, the quite
modern ones of this class being on
North Main street, and it is learned
that these rent well and at much
larger rental in proportion to thelr
value than adjacent property, showing
conclusively that there is demand
and need for such property in this city
What are commonly known as mats
are not in existence in the whole city
and real estate men and those VINO
handle and take charge of property
state there are frequent demands Tor
such property, especially from those
who come here from the large cities OF
the East and West to reside, and also
those without families and who are
inst commencing TO keep house
needed reform and change in
leases for the period of renting. espe-
cialIv tenement dwellings is much de-
sired in the city. At present such
leases expire on the first day of April
always rainy and bad weather, while
better conditions would exist II
changed to May or October first OF
each year.
investigation of the records show but
little property in the city parted with
for taxes or in the hands of the mort
eagee and Spectator by legal pro-
ceedings.
enterprise in this city at the pres nj
time is something more than a simple
purchase. sale and exchange affair. but
q business in all is branches OF ITSELF
demanding study and thought at the
hands of those so interested.
We open Novelties after each daily
-D1TTON. WHEAT & HANCHER co.
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