Sale On Premises
7 FOX DEN ROAD
"Fox Den Plaza"
Corner of U.S. Route 219 - Garrett Highway,
Facing Deep Creek Lake
OAKLAND, GARRETT COUNTY, MD 21550

THURSDAY, AUGUST 12, 2010
AT 12:00 NOON

        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

High visibility location in one of Maryland's top resorts.  Located at the corner of Garrett Highway (U.S. Route 219) and Fox Den Road, just minutes south of the Wisp Resort, across the lake from Deep Creek Lake State Park and opposite Bill's Boat Rentals.  The lake area is nestled in the Allegheny Mountains in a spectacular setting with residential and commercial buildings conforming to high quality architectural standards.  Area tourists travel from the Baltimore and Washington DC metro areas, Pittsburgh, Morgantown and numerous other smaller communities throughout Maryland, Virginia, Pennsylvania and West Virginia.  This building affords are a rare opportunity for both the user and investor.

VIEW FROM FRONT OF BUILDING
BILL'S BOAT RENTALS (across the street)

For more information on Deep Creek Lake, visit:
http://www.deepcreeklake.com/

For a copy of the Deep Creek Lake Visitor's Guide,, visit:
http://www.nxtbook.com/nxtbooks/greatstate/deepcreek2010/#/0

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

Two parcels (sold as an entirety only) comprising a total of 0.36 acre, more or less.

Serviced by a private well, public sewer and propane gas

Macadam paved 15 car parking lot in the rear

PARKING LOT - PHOTO #1     PHOTO #2

Legal Description:

Two story stone and cedar sided commercial building with great water views.  The building was completely gutted and rebuilt in 2007-2008, with newly installed zoned gas forced hot air heating systems and central air conditioning, new roof, cedar siding, double glazed windows, electrical and plumbing throughout.

The entry level (lower level) is accessed through the front of the building.  The area comprises 1,600 square feet, more or less and is mostly clear span unfinished area with a rest room rough-in and a small utility room.  There is a gas forced hot air furnace for the level installed.

ENTRY LEVEL - PHOTO #1    PHOTO #2    PHOTO #3   
PHOTO #4    UTILITY ROOM/FURNACE

The upper level is accessed through the rear of the property and is completely finished.

• The north side is an office suite with one large office (20' x 18'), private rest room and access to a walk-up floored attic.  The finishes include attractive hardwood flooring, recessed lighting, CAT-5 wiring, double glazed windows and painted drywall interior
  
  UPPER LEVEL OFFICE - PHOTO #1     PHOTO #2     PHOTO #3
   
• The south site is improved by an apartment featuring a living room, modern kitchen (with oak cabinetry, Kenmore refrigerator/freezer, Kenmore 4-burner range/oven, Frigidaire dishwasher, GE Spacemaker microwave oven), dining area, 3 bedrooms, full modern bathroom with stacking washer/dryer laundry area.  Finishes include hardwood flooring throughout, recessed lighting, ceiling fan, painted drywall interior.
  
  UPPER LEVEL APARTMENT - KITCHEN     BEDROOM     FURNACE (for the upper level)

C, general commercial (could be used as retail, offices and/or residential).  Check with the Garrett County Office of Planning and Zoning for complete potential and permitted uses for the property (301-334-1920) or visit:
http://www.garrettcounty.org/PlanningLand/Main.aspx

$4,009 (2010-2011)

In fee simple; sold free and clear of all liens

By appointment or 11:00 a.m. on the day of the auction

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 shall 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. The purchaser agrees to waive the right of inspection for lead paint as provided under current Federal and State Law. 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)