Retail and Gas Plaza in West Ocean City, Maryland
Sale to be held on the premises at 9636 Stephen Decatur Highway, Ocean City, Maryland 21842
The Property is believed to contain approximately 1.13 acres +/- and is believed to be improved with a single story building containing approximately 6,128 +/- square feet, approximately 2,400 +/- of which is believed to have formerly been utilized as a convenience store with gasoline sales; approximately 3,228 +/- square feet of which is believed to have formerly been utilized as a restaurant & bar; and the remaining 500 +/- square feet of which was believed to have formerly been leased to a donut shop. The Property is believed to be improved with four (4) 6,000 gallon gasoline tanks serving four (4) gasoline dispenser hook-ups on two (2) islands situated under a covered canopy. The Property is believed to be improved with a curb and gutter drainage system and 47 paved and lined parking spaces. The Property is believed to be served with public water and sewer. The Property is believed to be zoned C-2, which has a designation of General Business District.
A deposit in the amount of Seventy Five Thousand Dollars ($75,000.00), payable in cash, certified check or other form acceptable to the Trustees, will be required of the purchaser(s) at the time and place of sale. The successful bidder will be required to increase the deposit to ten percent (10%) of the bid amount within five (5) business days of the date of sale by delivering certified funds to the Trustees. The Property will be sold in an “AS IS” condition and without any warranties or representations, either express or implied, as to the nature, condition or description of the improvements.