Go Back ThursdayMarch 16, 2017 — 12:00pm
Public Auction Sale
Ground Floor 6,539 +/- SF Commercial Condo in Columbia With Prominent Pylon Signage On Route 100 Currently Configured As A Restaurant
8850 Columbia 100 Parkway, Suite 104, Columbia, MD 21045
Location: On the Premises
Possible Uses Include Professional/Medical Offices, Surgical Suites, Restaurant, Financial Institution & Much More
First floor commercial condominium unit in a class A building which was constructed in 2005.
The unit is 6,539 +/- SF (Sub-dividable) and has 4 direct entrances. It is currently configured as a restaurant previously known as Gadsby's restaurant. Prominent signage is available to the occupant on a 40' Pylon sign visible from Route 100 and directly above the main entrance.
Located off route 100, this prime location offers a high traffic count (87,000 +/- cars per day on route 100), short distance to 4 major extended stay hotels, restaurants and shops.
- Ample parking (250 +/- spaces)
- Unit has a sprinkler system
- Ceiling Height Approximately 10'
- Zoned: POR (Planned Office Research) CLICK HERE TO VIEW HOWARD COUNTY ZONING WEBSITE WHICH DISPLAYS USES PERMITTED AS A MATTER OF RIGHT IN A POR ZONED PROPERTY
The condominium fee is $2,185.21/Month (CLICK HERE TO VIEW CONDO DOCS)
Real estate taxes 2016: $25,303
5% Buyers Premium Added To The Hammer Price
Please note: Furniture and equipment do not convey with the sale. Please inquire if you are interested in purchasing the real estate as a turn key restaurant or purchasing the equipment and furniture separately from the real estate.
Summary of Terms of Sale: A deposit in the form of cash, cashier's check or certified check for $25,000 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 60 days from the sale date. The Purchaser will pay interest on the unpaid portion of the purchase price from date of sale to date of settlement at the rate of 10% per annum. 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 sale 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.