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Western Maryland - Deep Creek Lake Area "Alpine Village Inn" - 29 Unit Motel with Lake Access

13959_alpinevillage_front.jpg

Listing Details

Sold Price
$900,000
Auction Date
Auction Time
12:00 PM
Address
19638 Garrett Highway (US-219), Garrett County, MD, 21550
County
Garrett County
Neighborhood
Deep Creek Lake Area
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Ober, Kaler, Grimes & Shriver
120 E. Baltimore Street - Suite 800
Baltimore, MD 21202

SUBSTITUTE TRUSTEES' &
SECURED CREDITOR'S AUCTION

                                      
WESTERN MARYLAND

"Deep Creek Lake Area"

29 UNIT MOTEL
With Lake Access

 

Sale On Premises
ALPINE VILLAGE INN
19638 GARRETT HIGHWAY (US-219)
Corner Glendale Road
Oakland, Garrett County, MD 21550

FRIDAY, MARCH 5, 2010
AT 12 NOON


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.  Prospective purchasers are encouraged to perform their own due diligence, in advance of the auction, regarding the permitted uses of the property.  Please refer to the Legal Advertisement for complete terms and conditions of the sale.

LOCATION & DIRECTIONS:

The Alpine Village Inn is located in the mountains of western Maryland,  along the western shore of Deep Creek Lake.  Deep Creek is the largest fresh water lake in Maryland, offering a wide variety of water-oriented recreational activities and alpine skiing.  U.S. Route 219 - Garrett Highway is the main arterial roadway leading to the lake resorts.  The Alpine Village Inn is located near the Maryland-West Virginia state line, Garrett State Forest, Thayer State Game Refuge and Deep Creek Lake State Park.


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

 

SITE AREA

 The property consists of one unit, in a three unit commercial condominium regime, known as “Unit 1 of the Alpine Village Condominium.  Access is from U.S. Route 219 - Garrett Highway and Glendale Road, a state roadway.  Units 2 and 3 are believed to be unimproved.  The total site contains 3.153 acres, of which Unit 1 encompasses about 0.9 acre.  The condominium regime has approximately 115' of frontage along lakefront property owned by the Maryland Department of Natural Resources.  The total site also fronts approximately 250' along U.S. Route 219 and 450' along Glendale Road. 


The condominium regime has 25 boat slips along the lake shore with 6 daily slips believed to be allocated to Unit 1.  There is on-site parking with 37 spaces designated for Unit 1.  The subject motel site lies along the east end of the condominium regime and faces west towards US-219.  Also located on Unit 1 are an inground swimming pool, utility shed and chain link fencing.


Utilities - public sewer, private well, gas, electricity, telephone


Condominium Fees - have not been established to date


Zoning - TC, town center district


Flood Map Panel - 2400340090B/Zone C - beyond 100-year flood plain


CONDOMINIUM PLAT (pdf)


TAX MAP (pdf)

 

IMPROVEMENTS

Two story wood siding and stone A-frame-style motel building, constructed circa 1969. The building is believed to contain approximately 24,358 square feet of gross building area, comprising 29 guest rooms, a dining room and laundry area. The guest room breakdown is believed to be:

11 large deluxe rooms - 2 queen beds and bath
9 fireplace rooms - 2 queen beds, sleep sofa, cathedral ceiling, sitting area, efficiency kitchen and bath
9 studio apartments - 1 queen bed, sleep sofa, kitchen, dining area and bath


Exterior
Composition shingle roof
Sliding sash windows
Metal exterior doors for each unit, sliders on second level
Wood walkways and decking

Interior
Drywall, paneling, stone and exposed brick walls
Carpeting
Ceramic tile bath floors and wainscots

Mechanical & Condition
Unknown

Photos of auction property
EXTERIOR PHOTO #1    EXTERIOR PHOTO #2    SIGN
POOL PHOTO #1    POOL PHOTO #2    DEEP CREEK LAKE
INTERIOR PHOTO #1    INTERIOR PHOTO #2    INTERIOR PHOTO #3
INTERIOR PHOTO #4    INTERIOR PHOTO #5    INTERIOR PHOTO #6
INTERIOR PHOTO #7    INTERIOR PHOTO #8

 

TAX INFORMATION:

Garrett County Tax Account No. 18-074648
Tax Map 58, Grid 16, Parcel 754 (total condominium regime)
Published 2010 Real Property Taxes - $10,169.77

 

FURNITURE, FIXTURES AND EQUIPMENT:

All motel furnishings, kitchen equipment and miscellaneous fixtures owned by the debtor and used in connection with the operation of the Alpine Village Inn are included in the auction. The real estate and personal property will be offered as an entirety only. Please refer to the Legal Advertisement for details.

 

TERMS OF SALE

A $50,000 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 by 3:00 p.m. on March 10, 2010.  No buyer’s premium.  For the complete terms of sale, please refer to the Legal Advertisement.

ADDENDUM TO CONTRACT OF SALE (pdf)


BROKER PARTICIPATION IS INVITED:
BROKER REGISTRATION FORM (pdf)


David S. Musgrave, Walter R. Kirkman,
Substitute Trustees

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