"Frederick - Worman's Mill Industrial Park"

To The Highest Bidder Over $5,000

INDUSTRIAL PARCEL
0.20± Acre ✦ Zoned M1

Known As
70 WORMANS MILL COURT
Off N. Market Street
Frederick County, MD 21701

Online Bidding Opens
MONDAY, MAY 23, 2022

Online Bidding Closes
WEDNESDAY, MAY 25, 2022
AT 12:30 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.

LOCATION:
70 Wormans Mill Court is located in the Worman’s Mill Industrial Park in the City of Frederick. Worman’s Mill Industrial Park is positioned between N. Market Street and Liberty Road (MD-26), about one mile off US-15 (Catoctin Mountain Highway/Frederick Freeway). Downtown Frederick is approximately two miles south, and Fort Detrick is about three miles west. The location offers excellent access throughout the area, with a number of large businesses and other commercial and industrial complexes nearby. Surrounding businesses include a number of contractors, automotive businesses, services, a brewery, self-storage and a number of retail businesses along N. Market Street.

For more information about the area, please visit:
Frederick County Government – frederickcountymd.gov

SITE:
Lot size – 0.208 acre, based on public tax records, and 0.20 acre in deed language.

Known as Tax Account number 1102143690 (02143690 on some search databases), and previously known as 0 Wormans Mill Court.

Well and septic access at the property is unknown. Public utilities are believed to be in surrounding properties.

Water & Sewer Departments – www.cityoffrederickmd.gov

No adjustment for price will be made for acreage larger or smaller than what can be conveyed by the seller’s right, title and interest in the property. Purchasers are encouraged to contact Frederick County, a surveyor, engineer or contractor to discern further details about the property, including feasibility for construction.

Plat

Address Assignment Memorandum

ZONING:
M-1 – Light Industrial

According to the City of Frederick Zoning Code, “The M1 district is intended to provide for offices and those industrial activities which do not require special measures to control odor, dust or noise and which do not involve hazardous materials and whose environmental impacts are contained within the property limits. Residential uses are not appropriate for this zone.”

For more information about City of Frederick zoning, please visit:
Planning Department – www.cityoffrederickmd.gov

City of Frederick Zoning Map

TITLE:
In fee simple; sold free and clear of liens.

TAXES:
Published annual real estate taxes are $1,190.55, based on a full value assessment of $66,400, and including both Frederick County and City of Frederick taxes.

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 $3,000 or 10% deposit, whichever is greater, payable by cashier’s check or wire transfer, will be required of the purchaser by 4:00 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. 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.

No Buyer’s Premium!