"Stewartstown, PA"

Featuring Live & Simulcast Online Bidding

ESTATE SALE

– Stewartstown, PA –
COMMERCIAL ASSEMBLAGE
Known as: “Stewartstown Square”

Sale On Premises:
14, 16, 18 & 18A
S. MAIN STREET
York County, Borough of Stewartstown, PA 17363

Online Bidding Opens
MONDAY, SEPTEMBER 12, 2022

Live Onsite Auction Begins
WEDNESDAY, SEPTEMBER 14, 2022
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:
Stewartstown Square and the adjoining two properties consist of four total parcels located in the heart of the Borough of Stewartstown in southern Pennsylvania. Stewartstown, within York County, is located 3 miles north of the Maryland line via Main Street/Berrens Road S (State Route 24). I-83 is in close proximity via the Maryland Line and Shrewsbury exits (6 and 4.5 miles, respectively). Stewartstown has a robust heritage that goes back more than 250 years. Much of that history is in conjunction with the borough’s position along major railroads. In more recent history, the area has been as an idyllic village for those living in the area, as well as a bedroom community for those commuting to Baltimore, York and Harrisburg.

Stewartstown Square itself is comprised of a retail strip center arranged for 4 tenant spaces, including a drive-thru bank site, a freestanding restaurant building and another freestanding commercial building, once home to a local courthouse. Adjoining Stewartstown Square is a development parcel that could be used as a pad site or for alternative development, and a residential home that is currently leased. Positioned along Main Street, the assemblage is well-positioned within the town’s commercial district. Surrounding properties include an expanded convenience store, professional offices, storefronts, funeral home, religious facilities and residential homes.

The collection of property types, in addition to method of sale, presents an attractive opportunity for a variety of both owner-occupants and investors. The sale provides options for individual use, value-add or comprehensive redevelopment.

For more information about the area, please visit:
The Stewartstown Borough – www.stewartstown.org
York County Government – yorkcountypa.gov

RETAIL STRIP, RESTAURANT BUILDING & FREESTANDING BUILDING
– Starting Bid: $500,000 –
Deposit: $50,000

Known as 18 and 18A S. Main Street – Comprising three total structures, including a retail strip, restaurant building and additional freestanding building most recently used as a courthouse.

Total lot size is 1.9413 acres, more or less, according to public tax records. The properties feature curb cuts on Main Street, as well as shared ingress/egress from “Hickory Street,” the rear of the adjoining “Rutters” property. Existing parking is arranged for 74 vehicles, with more capacity based on layout and utilization at the rear of the freestanding buildings.

Site Drawings

Reciprocal Access Agreement

18 S. Main Street – Retail strip on 0.27 acre, more or less. The retail strip comprises a masonry block building with rubber roof (2004) and signage on S. Main Street. The building is divided into four tenant spaces comprising a total of 6,621 sq. ft. of gross building area (“GBA”). Two spaces are currently leased. Finishes are a mix of ceramic tile and carpeted floors, drywall and drop ceilings. Each unit is separately metered, with heat pumps and CAC.

• Suite 100 – Formerly Wells Fargo Bank. Features a drive-thru, vault and individual signage. Contains 1,924 sq. ft. GBA. Vacant.
• Suite 110 – Arranged as office space. Contains 2,000 sq. ft. GBA. Vacant.
• Suite 120 – Beef Baron Catering. Contains 1,200 sq. ft. GBA. Rented for $650/month plus pro rata taxes, insurance and CAM. See lease for additional details.
• Suite 130 – Edward Jones. Contains 1,200 sq. ft. GBA. Rented for $722/month plus pro rata taxes, insurance and CAM. See lease for additional details.

18A S. Main Street – Restaurant building and freestanding building on 1.67 acres.

• Restaurant Building – known as Suite 150 – Contains 5,680 sq. ft. GBA. Arranged for a dining room, banquet room, large kitchen, service and prep areas, private office and powder rooms. Features include hood system with dry fire suppression, gas service and loading dock. Forced air heat and CAC.
• Freestanding Building – known as Suite 140 – Contains 3,200 sq. ft GBA. Most recently used and arranged as a courthouse, with office areas, court room, file storage areas, lunch room and utility areas. Finishes are mostly carpet, drywall and drop ceilings. Forced air heat and CAC.

DEVELOPMENT PARCEL/PAD SITE
– Starting Bid: $25,000 –
Deposit: $5,000

Known as 16 S. Main Street. Comprises 0.2616 acre. Fronts approximately 110′ on S. Main Street, with additional access via the shared ingress/egress from Hickory Street mentioned above. The lot is level and mostly clear. Suitable for development as a retail pad site, office or residential use. See zoning info for more information. Site Drawing

RESIDENTIAL HOME
– Starting Bid: $100,000 –
Deposit: $10,000

Known as 14 S. Main Street. Comprises a two and one-half story frame home with detached garage on 0.54 acre. Rented for $1,000/month.

Exterior:
Wood siding
Wood frame windows
Asphalt shingle roof
Rear deck
Aluminum down spouts and rain gutters

Interior:

First floor

• Living room – carpet, wood-burning fireplace, access to deck and back yard
• Dining room – hardwood floor
• Kitchen – hardwood floor, laminate counter tops
• Bedroom – hardwood floor
• Half Bathroom – hardwood floor, washer/dryer

Second floor

• Bedroom – hardwood floor
• Bedroom – hardwood floor
• Bedroom – hardwood floor
• Bedroom – hardwood floor
• Full Bathroom – ceramic tile floor
• Third floor
• Attic- hardwood floor

Basement/Mechanical –

• Unfinished
• 45-gallon electric water heater – installed 01/1/20
• 225 AMP electrical panel
• Gas forced air heat

ADDITIONAL INFORMATION:
Please complete a Waiver and Confidentiality Agreement form to view the leases.

ZONING:
All properties are zoned Commercial Village according to the Stewartstown Borough Zoning Map.

According to the Stewartstown zoning code, “The purpose of this zone is to provide reasonable standards for the orderly expansion of commercial uses where a nucleus of such uses already exists, and where, due to the character of the area such uses are appropriate and compatible to serving the local area. The standard of this zone are designed to minimize traffic congestion on the streets, provide for the public conveniences and otherwise fulfill the purposes and objectives of the Ordinance.”

For more information about Stewartstown zoning, please visit:
Codes Enforcement and Zoning – www.stewartstown.org

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

TAXES:
Taxes stated below are the published annual taxes from the York County Property Viewer. Taxes include School Tax, County Tax and Municipal Tax. Please see York County and Stewartstown Borough websites for additional information.

18 S. Main Street: $13,598.85 based on a total assessed value of $424,960
18A S. Main Street: $14,185.42 based on a total assessed value of $443,290
16 S. Main Street: $750.09 based on a total assessed value of $23,440
14 S. Main Street: $5,714.93 based on a total assessed value of $178,590

MANNER OF SALE:
18 and 18A S. Main Street will be offered as a package, and the high bid reserved. 16 S. Main Street will be offered individually, and the high bid reserved. 14 S. Main Street will be offered individually, and the high bid reserved. The entire assemblage will then be offered as an entirety. The properties will be sold in the manner generating the greatest result in the sole and absolute discretion of the seller.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
Live Auction Bidders – Deposits, as stated above and $65,000 if sold as an entirety, payable by cashier’s check, will be required of the purchaser at time and place of sale. The deposit shall be increased to 10% of the purchase price within 24 hours at the Auctioneer’s office (wire or cashier’s check).

Online Auction Bidders – For those bidders intending to bid on 18 & 18A S. Main Street and/or the entirety a $50,000 deposit, payable by cashier’s check or wire, will be required of all online bidders by 12:00 Noon on Tuesday, September 13, 2022. The deposit will be held in escrow until the completion of the auction and will be retained from the winning bidder. Other bidder deposits will be returned within one business day. Interested parties who do not provide a deposit in advance as stated above will not be permitted to bid. The deposit shall be increased to 10% of the purchase price by cashier’s check or wire transfer by 4:30 P.M. on the day of auction. Deposit Escrow Agreement

For Online Auction bidders intending to bid on 14 or 16 S. Main Street only, deposits as stated above or 10%, whichever is greater, is due via wire or cashier’s check by 4:30 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 8% per annum, from date of contract to date of settlement. All adjustments, including taxes, rents 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. Security deposits, if any, shall be adjusted at the time of settlement. The property will be sold in “AS IS” condition, and subject to the existing leases of the tenants in place, 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. 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.

Sale by Order of the Estate of Stanley E. Lloyd

In Collaboration with:
W. Wachter Auctions & Associates
PA Auction License No. AU006154
& Country Manor Realty, Inc.