Sale On Premises
557 E. MAIN STREET
At the Intersection of MD-Route 144 (E. Main St.) & I-70

FRIDAY, AUGUST 13, 2010 AT 1:00 P.M.

        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 AND ACREAGE CONTAINED HEREIN ARE MORE OR LESS. 

GENERAL INFORMATION

557 E. Main Street is a landmark property situated at the east end of Hancock, Maryland. It has been a must stop for patrons for over 30 years, best known for it's fine homemade pies, freshly picked apples and fresh produce. The Hepburn Orchards Building can't be missed, facing I-70 with great visibility, both east and west bound. Hancock is a quaint town in western Maryland, situated less than one-half mile south of Pennsylvania, one-half mile north of West Virginia and 26 miles west of Hagerstown. The site lies just north of the famous Chesapeake & Ohio (C&O) Canal National Historic Park and Trail.

For directions from your location, visit: maps.google.com

For more information on Hancock, Maryland, visit:
http://www.hancockmd.com/attractions.html

For more information on the National C&O Historic Park & Trail, visit:
http://www.nps.gov/choh/index.htm

557 E. MAIN STREET

Irregularly shaped parcel comprising 2.50 acres, fronting 812.47' along E. Main St., more or less.

Serviced by public water and private septic





SITE PLAN (pdf)

Brick and masonry retail/warehouse/distribution building, comprising 26,360± square feet (according to Maryland Department of Assessments and Taxation).

557 E. Main Street - $3,657

BG, business general (many permitted uses including, automotive, retail, light industrial, etc.) Check with the Washington County Office of Planning and Zoning, Permit Division for complete potential and permitted uses for the property (240-313-2460) or visit: http://www.washco-md.net/permits/codes.shtm

In fee simple; sold free and clear of all liens

PARCEL 9 - E. MAIN STREET

Known As - Parcel 9, Tax Map 17, Grid 12 - (Tax Acct. #05-003369) Unimproved land, the Hancock Truck Plaza and BP  gas station, comprising 1.59 acres, fronting 795.63' along E. Main St., more or less.   The site is improved by a double billboard traveling west bound on Main Street and a single billboard traveling east bound on Main Street which are owned by Advertising Incorporated.  The billboards are paying an annual rent of $2,600 per year by agreement.  The last payment was made on  January 13, 2010.

AERIAL PHOTO    SITE PHOTO (EAST)    SITE PHOTO (WEST)   
EAST SIDE OF BILLBOARD    WEST SIDE OF BILLBOARD

Parcel 9, Tax Map 17, Grid 12 - (Tax Acct. #05-003369) - $201

BG, business general (many permitted uses including, automotive, retail, light industrial, etc.) Check with the Washington County Office of Planning and Zoning, Permit Division for complete potential and permitted uses for the property (240-313-2460) or visit: http://www.washco-md.net/permits/codes.shtm

In fee simple; sold free and clear of all liens

• Dodge (2000) Grand Caravan AWD
  VIN: 1B4GT44L5YB518197
   
  DODGE CARAVAN - FRONT    REAR
   

• Volvo (2002) S60 4-door 2.4T Sedan
  VIN: YV1RS58D722140019
  Silver exterior, saddle leather interior, with a CD player and sunroof.  The car appears in "like new" condition
  
   
  VOLVO S60 - FRONT    REAR
   

Purchasers must have the vehicles inspected as provided by law. Cash or certified funds only in full at the time of sale and immediate removal required.

By appointment only or 11:30 a.m. on the day of the auction

Real Estate - For 557 E. Main Street a $25,000 deposit and Parcel 9 - E. Main Street $2,500, each payable by certified 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 72 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 Guardian, owner, 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. Recordation costs, transfer taxes and all costs incidental to settlement to be paid by the purchaser. TIME IS OF THE ESSENCE. No buyers premium!

Broker participation is invited.
BROKER REGISTRATION FORM (pdf)

Arthur L. Drager, Guardian for Terry W. Hepburn