ABSOLUTE AUCTION
To The Highest Bidder- Regardless of Price!
No Limit - No Reserve

HARRINGTON, DE
One Mile North of Midway Slots,
Delaware State Fair & Horse Racing


High Visibility Corner
0.86 ACRE± COMMERCIAL
DEVELOPMENT SITE


Ideal Location for Bank Branch,
Fast Food, Retail or Office Building

Photos of auction property
AERIAL VIEW (close-up)      AERIAL VIEW (wide-view)

Sale On Premises
- Northwest Corner -
US ROUTE 13 & DE ROUTE 14
Harrington, Kent County, Delaware 19952

FRIDAY, SEPTEMBER 7, 2007
AT 12 NOON


       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. Prospective purchasers are encouraged to perform their own due diligence in advance of the auction regarding the permitted uses of the site. Dimensions and acreage contained herein are more or less.

LOCATION:

The site is located in Harrington, DE, approximately 20 miles south of Dover, and 12 miles north of Bridgeville. The corner property is located at a busy highway interchange with a traffic signal at the intersection of U.S. 13 south (Dupont Highway) and Delaware State Route 14 (Clark Street). Harrington is the home of the Delaware State Fair, Harrington Raceway (horse racing) and Midway Slots. The community is approximately 45 minutes drive west of Delaware beaches and 75 minutes drive east of Annapolis. This well known corner is situated in a redeveloping commercial district, near stores, restaurants, automobile dealers and offices. Neighbors include Liberty Plaza Shopping Center, Hardee's, Rite Aid and Holiday Inn Express.

Photos of auction property
STREET SCENE #1    STREET SCENE #2    LOCATION MAP

For directions from your location, visit:
http://www.mapquest.com/directions/main.adp

SITE:

Parcel A - 0.47 acre - situated long the southbound side of U.S. Route 13, the north side of State Route 14 (Clark Street) and the east side of Howard Dill Avenue. Zoning C-3, commercial. Parcel A was a former service station. The improvements have been razed and the tanks removed. The lot is level and gravel paved.
Photos of auction property
VIEW TOWARD ROUTE 13      INTERIOR OF PARCEL
VIEW TOWARD ROUTE 14

Parcel B - 0.41 acre - situated along the north side of State Route 14 (Clark Street) and the west side of a 16' lane. Zoning R-1, residential. Parcel B is a level grass lot, which may be suitable for accessory parking rezoning or open space to increase the lot coverage of Parcel A.
Photos of  auction property
VIEW FROM ROUTE 14 & HOWARD DILL AVE.
INTERIOR OF PARCEL

Both parcels will be offered as an entirety only.

Public water and sewer are believed to be available.

LOCATION SURVEY

CONCEPT PLAN:

PROPOSED CONCEPT PLAN (pdf)

(Requires Acrobat Reader to view)
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ENVIRONMENTAL:

Environmental reports are available. Please complete and return the Confidentiality Waiver.

TITLE:

The property is in fee simple and sold free and clear of all liens. Title is held by Cox 81 Harrington, LLC, deed reference D166/49.

TITLE INFO

TERMS OF SALE:

A $30,000 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 by 12 noon on Monday, September 10, 2007, at the Auctioneer's office. Balance to be paid in cash within 45 days. If payment of the 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 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, 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. Time is of the essence.

NO BUYER'S PREMIUM.

Broker participation is invited.
BROKER REGISTRATION FORM