Commercial Waterfront Property with 2,162 +/- 2-Story Office Building in Rock Hall, Maryland
February 26, 2013
5990 Lawton Avenue, Rock Hall, Maryland 21661
Sale to be held on the premises located at 5990 Lawton Avenue Rock Hall, Maryland 21661
No Buyer's Premium
Commercial property containing 13,843 +/- Square Feet of land, situated on the waterfront in the town of Rock Hall. The Property is improved by 2,162 +/- square foot two-story frame commercial office structure, including a reception area, conference room, private offices and two bathrooms with shower stalls. The Property is also improved by a pier.
A deposit in the form of cashier’s or certified check, or in such other form as the Assignees may determine, at their sole discretion, for $50,000.00 at the time of sale. The property will be sold in “as is” condition and subject to conditions, restrictions, easements, encumbrances and agreements of record affecting the subject property, if any, and with no warranty of any kind.
Manner of Sale
NOTE: The property is subject to a first position mortgage recorded in the Land Records of Kent County, Maryland at Liber E.H.P. No. 279, folio 419 in favor of The Peoples Bank in the original principal amount of $350,000.00. The successful bid at the foreclosure sale must be sufficient to satisfy the balance of this mortgage in full.
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