PUBLIC AUCTION

Outstanding Commercial
DEVELOPMENT SITE
5.91 Acres Zoned B-2
"Northern Howard County"

Photos of auction property
AERIAL VIEW      SITE VIEW #1      SITE VIEW #2
ROUTE 32 TO NORTH      ROUTE 32 TO SOUTH

Sale To Be Held
MD ROUTE 32 "PARK & RIDE"
Just North of I-70 (Exit 80)

Sykesville, Howard County, MD 21784

THURSDAY, JULY 26, 2007
AT 11:00 A.M.


       NOTE: 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. Prospective purchasers are encouraged to consult with the appropriate government authorities regarding the permitted uses of the property and perform their own due diligence in advance of the auction. All dimensions and acreage contained herein are more or less.

GENERAL INFORMATION

LOCATION:

Great location just north of I-70 (exit 80), on the west side of Maryland Route 32. The site is located less than one mile northeast of the Howard County Fairgrounds, several miles west of Ellicott City and Turf Valley Country Club and just south of the Sykesville township.

For demographic information on Sykesville, visit:
http://www.city-data.com/city/Sykesville-Maryland.html

Location Map

For directions from your location, visit: local.live.com

SITE:

Irregular shaped parcel comprising 5.910 acres, with an eastern boundary line of 1,248.61' (along a 150' right of way just west of Maryland Route 32 - adjacent to the Maryland Route 32 "Park & Ride"), a southern boundary line of 291.39', a western boundary line of 1,081.37' and a northern boundary line of 184.97' (23.27' of which fronts along Maryland Route 99 - Old Frederick Road).

Photo of

Metes and Bounds Site Sketch

Metes and Bounds Description

Preliminary Plans have been drawn for a proposed 10,500 square foot retail center and a 4,600 square foot retail center.

Proposed Site Plan

ZONING:

B-2, "Business: General"

For the Howard County zoning code, visit:
http://www.co.ho.md.us/DPZ/DPZDocs/ZoningReg072806.pdf

ANNUAL REAL
ESTATE TAXES: 


$3,781

TITLE:

In fee simple; sold free and clear of all liens

TERMS OF SALE

       Deposit payable by certified or cashier's check of $25,000 will be required of the purchaser at time and place of sale. The deposit is to be increased to 10% of the purchase price within 24 hours at the office of the Auctioneers. Balance to be paid in cash within 45 days. If payment of the balance does not take place within the specified time, the deposit will be forfeited and the property may be resold at the risk and expense of the defaulting 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. Taxes and all other public charges and assessments, payable on an annual basis, including 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, without express or implied warranty as to the nature and description of the improvements as contained herein; and subject to easements, agreements, restrictions or covenants of record affecting same, if any. Purchaser assumes 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 Auctioneer. Cost of all recordation and transfer taxes to be paid by the purchaser. TIME IS OF THE ESSENCE. NO BUYER'S PREMIUM!

       NOTE: The Seller intends to perform an IRS 1031 tax deferred exchange. Seller requests Buyer's cooperation in such an exchange and agrees to hold Buyer harmless from any and all claims, liabilities, costs, or delays in time resulting from such an exchange. Buyer agrees to an assignment of the contract of sale by the Seller to their IRS 1031 intermediary agent.