Absolute Auction "Frederica, Delaware" Medical Office Building

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Listing Details

Sold Price
$312,000
Auction Date
Auction Time
11:00 AM
Address
128 W. Front Street, Kent County, DE, 19946
County
Kent County
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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ABSOLUTE AUCTION
To the Highest Bidder - Regardless of Price!

- Frederica, Delaware -


MEDICAL OFFICE BUILDING

3,395± Square Feet - Situated on 2± Acres
Suitable for a Variety of Uses
Previously Rented for $5,000/Month Triple Net

Sale On Premises
"Frederica Square"
128 W. FRONT STREET
Next to U.S. Post Office
Kent County, DE 19946


FRIDAY, JANUARY 18, 2008
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.

LOCATION & DIRECTIONS:

Frederica is a picturesque town, located south of Dover and north of Milford in central Delaware.  Frederica Square office building is situated on W. Front Street (DE-12), just  west of US-13/DE Route 1.  A recently constructed U.S. Post Office is next door.  The surrounding area is a mixture of land uses, including residential, agricultural, food processing and manufacturing.  The property’s location is ideal for a community health center, assisted living facility or general  office.

Location Map

For directions from your location, visit: MAPQUEST

 

SITE AREA

Rectangular lot, comprising 2.09 acres

Approximately 206' x 440'

Clear, level site

Approximately one acre is asphalt paved parking

Public water and sewer

TAX MAP (pdf)

 

IMPROVEMENTS

One story office building, constructed on grade, comprises approximately 3,395 square feet of gross building area, with composition shingle roof, aluminum rain gutters, metal siding, vinyl clad casement windows and roof covered entrance.  Interior finishes are carpeting, vinyl, drywall and suspended ceiling with florescent lighting.  Last used as medical offices, the building contains a reception area, general office area, 7 - examination rooms, 4 - rest rooms, kitchen, 2 - labs, 2 - private offices, x-ray room, utility and storage closets; 2 - heat pump and central air conditioning systems.  The building appears to be in good condition and is vacant.

Photos of auction property

RECEPTION AREA     RECEPTION DESK     ROOM #1     ROOM #2     ROOM #3


FLOOR PLAN (pdf)

 

ZONING

Institutional

 

REAL ESTATE TAXES

Tax Account No. 8-08-14106-01-7401-000
2007 Real Property Taxes - $231.85

 

TITLEIn fee simple.  The property is sold free and clear of liens.

 

INSPECTION TIME

The property will be open 1 hour prior to the sale.

 

TERMS OF SALE

A $25,000 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 within 24 hours 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