Absolute Above $125,000 - "Easton, MD"

COMMERCIAL PROPERTY
0.39 +/- Acre, Zoned CG
Adjacent to Walmart & Shoppes at Easton
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Listing Details

Sold Price
$155,000
Auction Date
Auction Time
11:00 AM
Address
29394 Dover Road, Easton, MD, 21601
County
Talbot County
Neighborhood
Easton
Inspection
The property is vacant and may be inspected at any time.
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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Matthew A. Mace, Attorney
Ober ∣ Kaler
100 Light Street, Baltimore, MD 21202

★ABSOLUTE★
ESTATE AUCTION
To the Highest Bidder Above $125,000

- EASTON, MD -
COMMERCIAL PROPERTY
0.39± Acre ◆ Zoned CG

Adjacent to Walmart & Shoppes at Easton

Currently Improved by a
Self-Service Car Wash
RENOVATE OR REDEVELOP

Sale On Premises
29394 DOVER ROAD
MD-331, 1 Block East of US-50
Talbot County 21601

FRIDAY, SEPTEMBER 30, 2016
AT 11:00 A.M.

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:
Easton is a scenic historic town situated on Maryland’s Eastern Shore and the county seat of Talbot County.  29394 Dover Road is located in community business district. The property is one block east of U.S. Route 50.

U.S. Route 50, also known as Ocean Gateway, is a four to six lane divided highway, leading from the Chesapeake Bay Bridge south to Ocean City, Maryland.  Easton is a convenient midpoint for travelers from Washington, Baltimore and Annapolis heading to Atlantic beach resorts or Chesapeake Bay towns and attractions.  2015 Traffic Count data published by the State of Maryland indicates approximately 11,640 vehicles per day pass the auction property and 36,911 travel on US-50 passing Dover Road.  During peak summer weekends, the traffic count is likely much higher.

Nearby properties include fast food restaurants, convenience stores, automotive related businesses, shopping centers, professional offices and other retail commercial land uses.  A curb cut in the rear of 29394 Dover Road provides access to the Shoppes at Easton shopping center and Walmart superstore.

Links for Easton information:
http://www.eastonmd.org
http://en.wikipedia.org/wiki/Easton,_Maryland
http://www.city-data.com/city/Easton-Maryland.html

SITE:
The property is situated on the north side of Dover Road with good visibility from eastbound or westbound traffic.

Two contiguous parcels form a nearly rectangular lot - 75' x 185' and 20' x 164', with total road frontage of 95' and comprising approximately 17,168 square feet or 0.39 acre of land.  The site is level and has curb cuts from Dover Road and the Walmart parking lot in the rear.

Plats:  First Lot  Second Lot

Public water and sewer

Zoning CG, General Commercial
Link for Town of Easton Zoning Information:
http://www.town-eastonmd.com/PlanningZoning.html

Large electric pole sign

IMPROVEMENTS:
The improvements consist of a concrete block self-service car wash building, formerly operated as the "Oasis Car Wash."  The car wash is closed and needs renovation.  The building is believed to comprise 2,100 square feet, with 3-wash bays, machine room and built-up roof.

The property is suited for continued use as a car wash or for redevelopment for a multitude of uses permitted under the CG zoning classification.

TITLE:
The property is in fee simple and sold free and clear of liens.  Talbot County Deed Liber 843, folio 715.

TAXES:
Published annual real estate taxes are $1,427.06, based on a full value assessment of $277,100.

TERMS OF SALE:
A $10,000 deposit, payable by 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 by 12:00 noon on Monday, October 3, 2016, at the Auctioneer's office (a personal or business check for the increase to the deposit will be accepted at the auction).  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 contract 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 contract 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 contract 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.

Auction by order of the Personal Representative
of the Estate of Daniel R. Rainville