"Eastern Shore - Preston"

A $5,000 deposit, or ten percent (10%) of the Purchase Price (whichever is greater), in a cashier’s check to be delivered to the Auctioneer’s office at 6500 Falls Road, Baltimore, MD 21209, or sent by wire transfer, by 4 P.M. on the date of the auction. When you register for an online auction, a “ping” will be placed on your credit card and immediately voided, you will not be charged the deposit amount. A 10% buyer’s premium will be added to the final bid price. For complete Terms Of Sale, see the Summary Terms Of Sale at the bottom of this page and please see the Sample Contract.

$40,000 Opening Bid

EASTERN SHORE
– Preston –

CORNER BUILDING
Zoned R-2, Multi-Family Residential
– 0.19 ± Acre –

Known As:
160 MAIN STREET
Corner of Chambers Street
Caroline County, Maryland 21655

BIDDING OPENS:
MONDAY, MARCH 16, 2026

BIDDING CLOSES:
TUESDAY, MARCH 17, 2026
AT 12:00 P.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.

GENERAL INFORMATION:
Corner building previously used as an antique shop with a residential apartment in the rear. Located in the heart of Preston, the building is ready for updates to restore it for new use. In the rear there is a curb cut and room for parking for several vehicles. The auction provides an opportunity to purchase a prominent corner building with an abundance of value-add opportunity with a variety of potential uses.

LOCATION:
160 Main Street is located in the town of Preston on Maryland’s Eastern Shore. Located in Caroline County, Preston is just over a half square mile, giving it a very small town feel. Along Main Street are a variety of shops, businesses and residential homes. Nearby towns include Easton, Denton and Federalsburg. The Choptank River is nearby giving residents access to water oriented activities. According to the Caroline County Public School’s locator, the area public schools include Preston Elementary School, Colonel Richardson Middle School and Colonel Richardson High School.

For more information, please see:
Preston, MD – www.prestonmaryland.us
Caroline County, MD – www.carolinemd.org
Caroline County Public Schools – www.carolineschools.org

SITE:
Corner lot size – 0.19 ± acre. SDAT Map

Curb cut with possible vehicle parking in the rear

All public utilities

ZONING:
R-2, multi-family residential.

The building has historically been used as a post office then converted into an antique shop with a commercial zoning overlay for the majority of the building’s life. Currently the building is located within a residential zone.

IMPROVEMENTS:
One story corner brick mixed use building, built in 1937, containing 1,200 square feet of interior space, according to public tax records. The building is believed to be arranged for a storefront space in the front half and a residential apartment unit in the rear. Vacant with cosmetic updates required.

New photos and interior description coming soon.

TITLE:
In fee simple; sold free and clear of all liens. Caroline County Deed Book TBL 1374, folio 40.

TAXES:
Published annual real estate taxes are $1,514.23, based on a full value assessment of $131,167.

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 – dat.maryland.gov

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $5,000 deposit, or ten percent (10%) of the Purchase Price (whichever is greater), in a cashier’s check to be delivered to the Auctioneer’s office at 6500 Falls Road, Baltimore, MD 21209, or sent by wire transfer, by 4 P.M. on the date of the auction. 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, ground rent and 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. The Purchaser agrees to waive the right of inspection for lead paint, as provided under current Federal and State law. 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 except where otherwise mandated by local, State or Federal law. Time is of the essence. A 10% buyer’s premium will be added to the final bid price.