"Greenbelt" Office Condominium

1,208 +/- Square Feet
"Greenbelt Professional Center"
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Listing Details

Sold Price
$99,000
Auction Date
Auction Time
11:00 AM
Address
8957 Edmonston Road, Unit M, Greenbelt, MD, 20770
County
Prince George's County
Neighborhood
Greenbelt, Greenbelt Professional Center
Inspection
At 10:00 a.m. on the day of the auction.
The property is also available to inspect prior to the auction. Please click the above link to open the Waiver, Indemnity and Premises Use Certification form, fill it out, sign it, and return it to the office of the Auctioneer by fax to 410-296-4420 or email info@ajbillig.com. Once the completed form has been received, you will receive inspection instructions via email.
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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REAL ESTATE AUCTION

GREENBELT
One-Half Mile From I-495

OFFICE CONDOMINIUM
- 1,208 +/- Square Feet -

Sale On Premises
8957 EDMONSTON ROAD
UNIT M
"Greenbelt Professional Center"
Prince George's County, MD 20770

THURSDAY, AUGUST 27, 2015
AT 11:00 A.M.

- SUGGESTED OPENING BID $75,000 -

    THE INFORMATION CONTAINED HEREIN HAS BEEN OBTAINED FROM SOURCES DEEMED RELIABLE AND BELIEVED TO BE ACCURATE.  HOWEVER, NO EXPRESS OR IMPLIED WARRANTY IS MADE AS TO THE ACCURACY OF THESE REPRESENTATIONS.  ALL DIMENSIONS CONTAINED HEREIN ARE MORE OR LESS.

LOCATION:
The office condominium unit is located within the Greenbelt Professional Center in Greenbelt, Prince George's County, Maryland. Greenbelt Professional Center is situated at the intersection of Greenbelt Road and Kenilworth Avenue, just one-half mile south of  the Capital Beltway. The location is a major thoroughfare not only for the large number of  area residents, but also those traveling to major area employers and University of Maryland College Park. Proximate access to major roads, coupled with a high density population makes the unit ideal for any number of businesses.

The Greenbelt Professional Center is comprised of two single story brick buildings featuring a total of 31 office condominiums. Condominiums range in size between 864 and 1,672 square feet, and many businesses have combined units to make even larger units. Surface parking is ample directly in front of the units, and additional parking is at the rear of the building.

Condominium fees are $207.20 per month. Condominium Documents

IMPROVEMENT DESCRIPTION:
8957 Edmonston Road Unit M is located within Greenbelt Professional Center Building 1. Building 1 is a brick building with asphalt shingle roof and vinyl clad windows. Unit M, also known as Unit 13, was used as a medical office for approximately 30 years. Interior finishes are predominantly drywall, carpet and drop ceiling. The unit is arranged as follows:

Interior

  • Reception area
  • 2 small offices
  • Powder room
  • Treatment room with sink and built-ins
  • Treatment room with sink and built-ins
  • Utility closet
  • Large private office
  • Treatment room with sink and built-ins

Mechanical

  • Electric heat pump
  • Central air conditioning
  • Electric water heater
  • Wired for telephone and intercom

ANNUAL REAL ESTATE TAXES:
Current Real Estate Taxes - $3,629 (based on a full value tax assessment of $181,200).  Purchasers may petition for a reduction in the assessment of their property in conjunction with a purchase price substantially less than the currently assessed value of the property. Purchasers are encouraged to contact SDAT concerning the appeals process and may see the following link for helpful information:  http://www.dat.state.md.us/sdatweb/appeal.html

TITLE:
The property is in fee simple and is being sold free and clear of all liens.

ZONING:
CO - Commercial Office

For more information, see Prince George's County Zoning

INSPECTION:
At 10:00 a.m. on the day of the auction and by appointment. Please email info@ajbillig.com or call 410.206.3522 to arrange an inspection appointment.

TERMS OF SALE:
A $7,500 deposit, payable by certified check or cashier's check, will be required of the Purchaser at time and place of sale.  The deposit shall be increased to 10% of the purchase price within 24 hours at the Auctioneer's office.  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, condominium fees, all other public charges and assessments payable on an 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, subject to the Greenbelt Professional Center Declaration and Bylaws, 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 agrees to waive the right of rescission under Maryland condominium law. 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.  Time is of the essence.

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