Go Back FridayMarch 3, 2017 — 11:00am
Owner Retirement Public Auction Sale
Unique Opportunity! Commercial Building Close To The City Dock in "Annapolis"
122 Severn Ave., Annapolis, MD 21403
Location: On the Premises
Unique opportunity to own a 2 level commercial building with a great location just short blocks from the famous City Dock in downtown Annapolis. Perfect for an investor or end user!
The building is approximately 4,950 SF and contains 2 roll up doors at each end of the building, work shop area, 2 bathrooms and an office. The second level has a separate entrance and includes numerous offices, conference area and bathroom. There is also a mezzanine level.
Located on the same block as Ruth's Chris Steakhouse, you are just minutes from all the action of Downtown Annapolis including bars, shops, restaurants which offers lots of visibility and potential.
- Private off street parking for 5+ cars
- Central AC and heat
- Metal roof
- Interior can be subdivided
- Same owner 22 years
- Zoned WMM
- Building is 30' x 100' +/- on the main level
- Built in 1996
- Handicap bathroom accessibility
Ground Rent: Fee Simple
5% Buyers Premium Added To The Hammer Price
Summary of Terms of Sale: A deposit in the form of cash, cashier's check or certified check for $20,000 is due at the time and place of sale. The difference to bring the deposit up to 10% is due 2 business days after the sale in the auctioneer's office. If payment of the additional deposit or the balance of the purchase price is not made within the specified periods, the deposit will be forfeited and the property may be resold at the risk and expense of the defaulting purchaser. Settlement is 45 days from the sale date. All expenses, including real estate taxes, sanitary and/or metropolitan district charges, special assessment and private utility charges are to be adjusted to date of settlement and assumed thereafter by the purchaser. Cost of all documentary stamps, settlement costs and transfer taxes to be paid 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. The property will be sold subject to easements, agreements, restrictions or covenants of record affecting the same, if any. Dimensions and acreage are more or less. Time is of the essence as to the terms of this contract.
NOTE: Alex Cooper Auctioneers is acting as agent for the Owner in this transaction. Alex Cooper Auctioneers is not acting as agent for the successful bidder. Any buyer-broker is acting as an agent for the successful bidder and is not a sub-agent of Alex Cooper Auctioneers.
** NOTICE TO BUYER: IF YOU ARE CONTEMPLATING FINANCING FOR THIS PURCHASE, APPLICATION MUST BE MADE WITH A LENDER AND TITLE COMPANY NO LATER THAN SEVEN (7) DAYS FROM THE DATE OF THIS SALE.
The information contained herein was obtained from sources deemed reliable, but is offered for informational purposes only. The Auctioneer, the Sellers, and their respective agents and representatives do not make any representations or warranties with respect to the accuracy of the information contained herein. Prospective purchasers are urged to make their own inspection.