Absolute Above $350,000 "Westminster"

Additional Photos

Use Mobile?

★ ABSOLUTE TRUSTEES AUCTION ★
To The Highest Bidder Above $350,000

- Historical and Very Unique -
"OPERA HOUSE"
(a/k/a Odd Fellows Hall)

BRICK COMMERCIAL BUILDING
20,650± SQ. FT. ★ ZONED DB

2 Stories of Commercial/Industrial Space
(2 Truck Bays & Built-In Garage)

Unique Deluxe 3rd Floor Apartment
(Fireplaces ◆ Indoor 28' Swimming Pool ◆ Elevator)

Sale On Premises
140 E. MAIN STREET
& 3 Additional Parcels
Corner of Lincoln Road
Carroll County, MD 21157

TUESDAY, OCTOBER 28, 2014
AT 2:00 P.M.

    NOTE:  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 contained herein are more or less.

GENERAL INFORMATION

LOCATION:
The property is situated in the heart of Historic Downtown Westminster.  This circa 1854 building was originally constructed as an opera house, also known as "Odd Fellows Hall."  It was reportedly converted to a factory in 1951, with a continued use until 1975.  From 1978 until very recently, the building was used and occupied by the Opera House Printing Company.  The property is listed on the Maryland Historic Trust - "CARR-382."  There is great potential to redevelop the building as a restaurant, brew pub, apartments, condominiums, offices or any combined use.

For more information about Westminster, visit:
Westminster and Town Website

Opera House on the Carroll County Historic Registry:
Registry Description

SITE:

• Tax Map 104, Parcel 1776: rectangularly shaped lot measuring 60' front by 200' deep, more or less
• Tax Map 104, Parcel 1777: rectangular parcel comprising 1,914 sq. ft. in the rear of 140 E. Main Street, known as 2 Lincoln Road
• Tax Map 104, Parcels 1778 & 1779: two contiguous parcels comprising 894 sq. ft. and 1,147 sq. ft. respectively, adjacent to Parcel 1777, fronting on both Lincoln Road and Stone Alley

Macadam paved multi-vehicle rear parking area

Public water and public sewer

Tax Map:

IMPROVEMENT DESCRIPTION:
Three story brick building, circa 1885, with various added additions over the years. Reportedly in the 1980's the rear addition was constructed including the garage, elevator, apartment, etc.  According to SDAT tax records, the building comprises a total of 20,652 square feet.   The building is in need of complete renovation and would be suitable for numerous uses.  Historic and renovation tax credits may be available.

Building Features

• 2 - car built-in garage with an electric garage door opener
  
• 2 truck loading bays
• elevator (leading to the 3rd floor apartment with access from the garage, exterior and interior)
• indoor swimming pool (28' x 11')
• hot tub
• fireplaces
• L-shaped rooftop deck

   

  
  

   

First Floor

• Entry Hall Lobby Area - exposed brick walls
  
• Reception Office (20' x 9')
  
• Private Office (18' x 11')
  
• Front Work Room (40' x 45') - 14' ceiling height, heavy load concrete flooring, rest room
  
• Middle Work Room (47' x 32') - heavy load concrete flooring, truck loading bay (8' x 8') - loft area with 2 offices, elevator access
  
• Rear Work Room (47' x 44') - 16' ceiling height, heavy load concrete flooring, loft area with truck loading bay (8' x 7') and box lift to the 3rd floor rear storage area

   

  
  

   

Second Floor

• 3 - Front Paneled Offices
• 2 - Offices
• Front Main Room (59' x 37') - 11' ceiling height
  
• Middle Office Area (30' x 21')
  
• Work Room (30' x 24') - includes dark room

   

  
  

   

• Rear Room (25' x 18')
  
• Storage Area (25' x 18') - access from second floor electric box lift
• Rear Office (21' x 20')

Third Floor (Apartment)

• Entry Foyer
• Living Room (27' x 21') - vaulted 2-story wood beam ceiling, loft area used as a guest bedroom and model train set area

   

  
  

   

• Dining Room (16' x 10')
• Den (16' x 16')
  
• Kitchen (13' x 8') - oak cabinetry, 4-burner electric range/oven, washing machine
  
• Family Room (37' x 26') - 2-tiered room with kitchenette on the upper tier (dishwasher, refrigerator, double stainless steel sink), brick walled wood burning fireplace with mantel and hearth, sliding door walk-out to pool room

   

  
  

   

• Master Bedroom (21' x 17') - exposed brick wall, cedar closet with 2 sets of doors
  
• Master Bathroom - ceramic tile flooring and wainscot, custom soaking tub with 2 shower heads, contemporary fixtures

   

  
  

   

• Powder Room
  
• Pool Room (61' x 31') - Mansard 16' ceiling, inground swimming pool (28' x 11'), 4 person hot tub, stacked stone oversized gas fireplace, stacked stone waterfall area, fish pond, shower area, laundry area with washer and dryer, multiple walk-outs to a wrap-around deck area

   

  
  

   

Mechanical

• Multi-zoned heating and air conditioning systems
• Heavy 3-phase electrical service

   

  
  

   

• Security alarm system

ANNUAL REAL ESTATE TAXES:
2014-2015 Annual Real Estate Taxes

• Tax Map 104, Parcel 1776: - $9,813 (based on a full value tax assessment of $577,100)
• Tax Map 104, Parcel 1777: - $525 (based on a full value tax assessment of $27,500)
• Tax Map 104, Parcel 1778: - $276 (based on a full value tax assessment of $12,800)
• Tax Map 104, Parcel 1779: - $339 (based on a full value tax assessment of $16,500)

    Purchasers may petition for a reduction in the assessment of their property in conjunction with a purchase price substantially less than the currently assessed value of the property. Purchasers are encouraged to contact SDAT concerning the appeals process and may see the following link for helpful information: http://www.dat.state.md.us/sdatweb/appeal.html

TITLE:
In fee simple; sold free and clear of all liens

ZONING:
D-B, Downtown Business (could be used for a variety of uses), code: DB zoning.  For information on specific permitted uses of the property and potential tax credits, contact Steve Horn, Westminster Office of Planning and zoning, 410-751-5505.  Carroll County Zoning Administration Office at 410-386-2980 or their web link: Zoning Office.  Carroll County Zoning Code web link:  Zoning Code

INSPECTION:
At 1:00 p.m. on the day of the auction or by appointment only.

TERMS OF SALE:
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 at settlement, which shall take place within 45 days. If payment of the balance of the deposit or balance of the purchase price 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, except where otherwise mandated by local, State or Federal law.  Time is of the essence. NO BUYER'S PREMIUM!