PUBLIC AUCTION - Valuable Commercial Property in Ocean City, MD
Partnership Dissolution Sale. Auction to be held on the premises:
14 Worcester Street
Ocean City, MD 21842
Friday, March 26, 2021 @ 11:00 AM
6,600 +/- sq. ft. two story concrete block building on a 4,000 +/- sq. ft. corner site with 50 +/- ft. frontage on Worcester Street and 85 +/- ft. frontage on S. Baltimore Avenue.
The property is within the B-1 Boardwalk Commercial 1 Zoning and Amusement Overlay Districts.
Recent updates and improvements include the roof, flooring, drainage system, HVAC, current fire code, sprinkler heads and safety upgrades.
Prime location just off the Boardwalk in downtown Ocean City, MD.
OC Bus stop at this site. Across from municipal parking lot.
No Buyer’s Premium. Broker Participation offered. Do not miss this opportunity!
Preview Inspection: Saturday, March 20 from 10:00 AM to 1:00 PM and 1 hour prior to the sale.
SUMMARY TERMS OF SALE: A $50,000 deposit in the form of a cashier’s or certified check required of all registered bidders at the time of sale. Successful bidder shall be obligated to increase the deposit to 10% of the purchase price within one business day of the sale date. The property will be sold in As-Is, Where-Is condition without any warranties or representations, either expressed or implied, as to the nature, condition or description of the improvements. Buyer will pay interest on the unpaid portion of the purchase price from date of sale to date of settlement at a rate of 10% per annum. All statements oral or written made at of before the auction including, but not limited to the sale brochure, advertisement, website, or bidder’s information package, pertaining to but not limited to location, zoning, taxes, condition, title, survey, etc. of the property are for information purposes only, and should be verified by the purchaser prior to bidding and such bid shall not be in reliance upon any representations oral or written made by Atlantic Auctions, Inc. or its representatives. Broker Participation offered.