"Brunswick" Two Story Mixed Use Building Zoned B-2, Arranged for Office and 4 Apartments

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Listing Details

Sold Price
$170,000
Auction Date
Auction Time
11:00 AM
Address
5 West Potomac Street, Frederick County, MD, 21716
County
Frederick County
Neighborhood
Brunswick
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

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Ronald B. Katz, Solicitor
11403 Cronridge Drive - Suite 230
Owings Mills, MD 21117

SUBSTITUTE TRUSTEES' SALE
                       
BRUNSWICK

BRICK & VINYL SIDED
2 STORY MIXED USE BUILDING

ZONED B-2

Known As
5 WEST POTOMAC STREET
Frederick County, Md. 21716

SALE ON PREMISES

THURSDAY, SEPTEMBER 15, 2011
AT 11:00 A.M.

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


      Under and by virtue of the power of sale contained in a certain Deed of Trust from Steven Allen Barnhart to Trustees, dated September 25, 2003 and recorded among the Land Records of Frederick County, Md., in Liber 4346, Folio 323,  the holder of the indebtedness secured thereby having appointed Ronald B. Katz and Eric A. Hartlaub as Substitute Trustees, default having occurred thereunder, the undersigned Substitute Trustees will sell at Public Auction the following:


      All that fee simple parcel of ground situate and lying in Frederick County, Maryland and being more fully described in the aforementioned Deed of Trust.


      The property is improved by a 2 story brick and vinyl sided building comprising 4,482 square feet, more or less. The first floor contains offices and a rear apartment.  The second floor has 3 apartments.  Each floor has separate entrances. The lot comprises 2,528 square feet, more or less. Public utilities are in the property.


ADDITIONAL INFORMATION
From Brunswick Main Street, Inc., www.brunswickmainstreet.org

This building was constructed around 1900.  The building's close proximity to the bank building made it a desirable location for dozens of businesses since its construction.  An ad from a 1900's Brunswick Herald announced that fine railroad work clothing could be found at this location along the “boardwalk” (the sidewalk constructed of wood).  A 1924 business directory lists at 5 West Potomac Street “J.E. Moore, successor to F.E. Alder, Railroad watches a specialty”.  Most long time Brunswick residents remember this location as a Pharmacy, either as Fribush's or Payne's Pharmacies.  Tommy Sigler rehabilitated the structure in the mid 1990's.  The building has been home to many residents, as there are four apartments located above the two commercial storefronts.
More recently this location has been home to the Glistening Rose, eGraphics, Pixie Dust and an auction house.


If you would like to own a building of your own in Downtown Brunswick, please come out on September 15th at 11am and own a piece of Brunswick history.  Brunswick Main Street will work with you to find a tenant suitable to your new property.  Brunswick Main Street currently has $60,000 in matching funds for any approved facade work. 


For more information about Downtown Brunswick and Brunswick Main Street, Inc., visit: www.brunswickmainstreet.org


      The information pertaining to the improvements has been obtained from sources deemed reliable, but no warranty is made as to the accuracy of this information.


      TERMS OF SALE:  A deposit by certified check or cashier's check of $7,500 will be required of the purchaser at time and place of sale. Deposit to be increased to 10% of the purchase price within 24 hours at the offices of the Auctioneer. Balance to be paid in cash at settlement, which shall take place within ten (10) business days following final ratification of the sale by the Circuit Court for Frederick County at the offices of the Substitute Trustees.  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 stated in the Deed of Trust Note, per annum  from date of sale to date of settlement.  All adjustments as of date of sale.  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 shall be responsible for obtaining physical possession of the property.  If the Substitute Trustees are  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 Substitute Trustees, Noteholder, or Auctioneer.  Cost of all documentary stamps, transfer taxes, and all other costs incident to settlement to be paid by the purchaser.  Time shall be of the essence for the purchaser.  The risk of loss is on the purchaser from the date of sale.


No Buyer's Premium


Ronald B. Katz,
Eric A. Hartlaub, Substitute Trustees