"Waldorf"

This Auction has been CANCELED.
Sold prior to the auction.

$100,000 Opening Bid

WALDORF

2.88± ACRE
DEVELOPMENT PARCEL

Zoned WC – Waldorf Central
Permitting a Wide Variety of
Commercial & Residential Uses

Known As
2970 OLD WASHINGTON ROAD
(MD-925) Near US-301 & MD-5
Charles County, MD 20601

CANCELED
Sold prior to the auction.

Online Bidding Opens
MONDAY, APRIL 15, 2024

Online Bidding Closes
WEDNESDAY, APRIL 17, 2024
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.

GENERAL INFORMATION:
2970 Old Washington Road is located in the heart of Waldorf, just north of St. Charles Town Center. The property is situated amid major retail development and office buildings. WC zoning permits a variety of potential land uses.

LOCATION:
The property is situated in the town of Waldorf, in southern Maryland, east of US-301 and north of MD-5 (Leonardtown Road). Located about 23 miles south of Washington, DC, Waldorf had a 2020 population of 77,711. Extensive residential development is taking place in the surrounding area. Within two blocks of the property are McDonalds, Outback, Chili’s, Denny’s and other restaurants, shopping centers, office buildings, automobile dealerships, banks and recreational facilities.

SITE:
Mostly level, L-shaped parcel, fronting 180′ along the east side of Old Washington Road, with a depth of 585′ and a rear lot line of 270′, comprising 2.88 acres of land. The property is wooded.

Record Plat

Topo Plat

UTILITIES:
Public water and sewer are believed to be in Old Washington Road.

ZONING:
WC-Waldorf Central Zoning – permitted uses include open air markets, townhouse and multi-family units, group homes, day care, elderly care, schools, churches, fraternal clubs, indoor and outdoor recreational facilities, movie theaters, medical treatment facilities, professional offices, veterinary hospitals, merchandise stores, specialty galleries, food service, parking garages, mixed-use buildings and other uses by special exception.

For complete zoning requirements:
https://ecode360.com/CH0836

TITLE:
The property is in fee simple and sold free and clear of liens. Charles County Deed Book SLH 12716, Page 54.

TAXES:
Published annual real estate taxes are $6,031, based on a full value assessment of $443,533.

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

TERMS OF SALE:
Please see the contract of sale for complete terms.
A 10% deposit, payable by cashier’s check or wire, will be required of the Purchaser by 4:00 p.m. on the day 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, 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. The Property will be sold subject to Charles County violation notices, 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 except where otherwise mandated by local, State or Federal law. Time is of the essence. A 5% buyer’s premium will be added to the final bid price.