"MD Eastern Shore - Grasonville"

Absolute Auction Above $95,000

“Grasonville”

COMMERCIAL BUILDING
3,200 Sq. Ft. ◆ Zoned GVC

Known As
4611 MAIN STREET (MD-18)
Off US-50 Exit 44A
Queen Anne’s County, MD 21638

Online Bidding Opens
FRIDAY, MAY 7, 2021

Online Bidding Closes
TUESDAY, MAY 11, 2021
AT 11:00 A.M.

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.

LOCATION:
4611 Main Street is in the town of Grasonville, south of US-50/US-301 Exit 44A, east of Kent Narrows and west of Queenstown Outlets, in southwestern Queen Anne’s County. The property is located along Grasonville community commercial district, comprised of a variety of commercial and residential land uses. Grasonville is located between the Chester River and Eastern Bay, which leads to Chesapeake Bay. The area is water-oriented, with many recreational opportunities. The larger surrounding area is comprised of residential and resort communities, marinas, restaurants and farms. The property is well situated for a variety of uses.

SITE:
Level lot comprises 13,198 square feet or 0.30 acre, fronting 60′ along the north side of Main Street (MD-18), by a depth of 150′.

Plat

Zoning GVC, Grasonville Village Commercial – This district is intended to foster development of a mixed-use village core along the Main Street corridor in Grasonville. Most types of residential development are allowed along with institutional uses and certain low- to medium-scale commercial uses. Development within the district should be pedestrian-oriented and should build upon the existing character of the community. For complete details see: Queen Anne’s County, MD District Standards – ecode360.com

Public water and sewer

IMPROVEMENTS:
One story wood frame building, constructed in 1900, containing 3,200 square feet, according to public tax records. The building was originally constructed as a shirt factory and has been more recently used as a church. The interior has an office and rest room. The exterior has double-hung windows and a gabled composition shingle roof. Loading area and shed in rear. Building dimensions are 40′ x 80′. Approximately four car parking in front.

TITLE:
The property is in fee simple and sold free and clear of liens. Queen Anne’s County deed Book SM 2642, Page 251.

TAXES:
Published annual real estate taxes are $2,753, based on a full value assessment of $307,800.
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 the Maryland State Department of Assessments & Taxation concerning the appeals process, and may see the following link for helpful information: Assessment Appeal Process.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A 10% deposit, payable by wire transfer or cashier’s check, will be required of the Purchaser by 4:30 p.m. on the day of auction at the Auctioneer’s office. Deposit funds shall be held by A. J. Billig & Co., LLC. Balance to be paid in cash at settlement, which shall take place within 45 days. If payment of the deposit or 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 of 12% per annum, from date of contract to date of settlement. All adjustments, including taxes, all other public charges and assessments payable on a monthly or annual basis, and sanitary and/or metropolitan district charges, if any, to be adjusted for the current year to date of contract and assumed thereafter by the Purchaser. The property will be sold in “AS IS” condition, and subject to easements, agreements, restrictions or covenants of record affecting same, if any. Purchaser assumes the risk of loss from the date of contract 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 Auctioneers. Recordation costs, transfer taxes and all costs incidental to settlement to be paid by the Purchaser. Time is of the essence. A 6% buyer’s premium will be added to the final bid price and will become part of the contract price.