Industrial Building

"MD Eastern Shore - Denton"
Former Boaters World Distribution Center
91,331 +/- Sq. Ft. on 5.95 +/- Acres, 8 Docks & Drive-in Loading
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Listing Details

Sold Price
$900,000
Auction Date
Auction Time
11:00 AM
Address
1114 Park Lane, Denton, MD, 21629
County
Caroline County
Neighborhood
Denton
Inspection
Inspection by Appointment - email: info@ajbillig.com or telephone: 410-296-8440.
Please complete and return the Confidentiality Waiver to receive electronic copies of additional due diligence information.
Financing
See our Financing Page for a list of auction-oriented lenders.
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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- MD Eastern Shore -

OUTSTANDING
INDUSTRIAL BUILDING

Former Boaters World
Distribution Center located in
DENTON, MD 21629

Building No. 1
1114 PARK LANE
91,331± SQ. FT. ◆ 5.95± ACRES
8 Docks & Drive-in Loading
18' to 28' Ceilings - Sprinklered


NOTE: 
The information contained herein has been obtained from sources deemed reliable and is believed to be accurate.  However, no express or implied warranty is made or may be inferred from any such representation.  Dimensions, square footage and acreage contained herein are more or less.  Prospective purchasers are encouraged to perform their own due diligence, in advance of the auction, regarding the permitted uses of the property.

LOCATION:
1114 Park Lane is located in the Denton Industrial Park, one block east of MD-404 and about one mile south of the Denton town center.  Denton is the county seat of Caroline County.  Its central Eastern Shore location is nearly equidistant from the Chesapeake Bay Bridge, DE and MD beach resorts, Salisbury, MD and Dover, DE.  MD-404 is a major highway connector between Baltimore/Washington/Annapolis and the beach resorts.  The surrounding community has a skilled and motivated workforce.  For community web site visit: http://www.dentonmaryland.com

The property may qualify for the "One Maryland Tax Credit."  Businesses that invest in an economic development project in a "qualified distressed county" and create at least 25 new full-time jobs may qualify for up to $5.5 million in state income tax credits. Project tax credits of up to $5 million are based on qualifying costs incurred in connection with the acquisition, construction, rehabilitation and installation of a project. Start-up tax credits of up to $500,000 are available for the expense of moving a business from outside Maryland and for the costs of furnishing and equipping the new location. The credit can be carried forward 14 years and is refundable, subject to certain limitations.  For additional information please see: http://business.maryland.gov/fund/programs-for-businesses/one-maryland-tax-credit

The building was formerly used as the Boaters World Distribution Center and is currently vacant.


Building No. 1 - 1114 Park Lane

 

 

SITE:
5.95 acres, rectangular lot
Asphalt paved parking areas
20 trailer storage spaces
Landscaped grassy open areas
Utilities - electricity, propane gas, municipal water and sewer
Zoning - LI, heavy industrial, warehouse-distribution

Plat of 1114 Park Lane

IMPROVEMENTS:
One Story Freestanding Pre-Engineered Steel Industrial Building, constructed in 1987-1994 and containing approximately 91,331 square feet of gross building area.  The building is L-shaped and could be conducive to subdivision.  Features:

  • 8 Loading Docks - 2 with Pit Levelers
  • 12' x 14' Drive-in Door
  • 18' - 28' Ceilings
  • Wet Sprinkler System
  • 3,000 Square Feet of Offices
  • Overhead Gas Space Heaters in Warehouse
  • Mercury Vapor Lighting
  • Heavy Power (1,600+ Amperes)
  • Standing Seam Metal Roof
  • Constructed on Concrete Slab
  • 4 Rest Rooms

TAXES:
Published annual real estate taxes for 2014 are $35,893, based on a full value assessment of $2,084,400.  Note - If any real property is transferred after January 1 and before the beginning of the next taxable year to a new owner, the new owner may submit a written appeal as to a value or classification on or before 60 days after the date of the transfer.

Tax Account No. 031330.  Tax Map. 107, Grid 12, Parcel 2359, Lot 3.

Additional Information

The building is currently connected to 30 Engerman Avenue by a 25' x 60' tunnel, which will be removed. 30 Engerman Avenue was sold prior to the auction.
tunnel betwn park1114 engerman30

The properties are in fee simple and are sold free and clear of liens.

Additional due diligence information is available, including:

  • Phase I Environmental Report
  • Geotechnical Report
  • Title Policies
  • Denton Industrial Park Protective Covenants and Restrictions
  • Building Plans
  • Warehouse Survey

Please complete and return the Waiver and Confidentiality Agreement to receive electronic copies of the material.

INSPECTION
Inspection by Appointment -  email: info@ajbillig.com or telephone: 410-296-8440.

Terms of Sale

A 10% deposit, payable by cashier's check, will be required of the purchaser at time and place of sale. Balance to be paid in cash at settlement, which shall take place within 45 days.  If payment of the deposit or balance does not take place within the specified time, the deposit shall be forfeited and the property may be resold at the risk and expense of the purchaser. Interest to be charged on the unpaid purchase money, at the rate of 12% per annum, from date of sale to date of settlement.  All adjustments, including taxes, all other public charges and assessments payable on a monthly or annual basis, and sanitary and/or metropolitan district charges, if any, to be adjusted for the current year to date of sale and assumed thereafter by the purchaser.  The property will be sold in "AS IS" condition, and subject to easements, agreements, restrictions or covenants of record affecting same, if any.  Purchaser assumes the risk of loss from the date of sale forward. The Purchaser waives and releases the Seller, the Auctioneers, and their respective agents, successors and assigns from any and all claims the Purchaser and/or its successors and assigns may now have or may have in the future relating to the condition of the property, including but not limited to the environmental condition thereof.  If the Seller is unable to convey good and marketable title, the purchaser's sole remedy in law or equity shall be limited to the refund of the deposit.  Upon refund of the deposit this sale shall be null and void and of no effect, and the purchaser shall have no further claim against the Seller or Auctioneers.  Recordation costs, transfer taxes and all costs incidental to settlement to be paid by the purchaser except where otherwise mandated by local, State or Federal law.  Time is of the essence.

No buyer's premium.

Sold in Collaboration with Cushman and Wakefield
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