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SOLD! – Pre Auction Contract Accepted – Court Appointed Receiver’s Sale – Valuable Marina and Repair Yard in Georgetown, MD

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  • SOLD! – Pre Auction Contract Accepted – Court Appointed Receiver’s Sale – Valuable Marina and Repair Yard in Georgetown, MD

14020 Augustine Herman Hwy, Georgetown, MD

Auction Type: Real Estate Auction
Address: 14020 Augustine Herman Highway, Georgetown, MD 21930
Sale Type: Receiver Sale
Sale Date: Friday, September 16, 2022
Sale Time: 11:00 AM
Sale Location: On the Premises - 14020 Augustine Herman Hwy (MD Rt. 213), Georgetown, MD 21930
Dock Chart Survey

Property Summary

The Georgetown Yacht Basin Marina is believed to consist of 14.28 +/- acres of land located at 14020 Augustine Herman Highway (MD Rt. 213) in Georgetown, Maryland.  The marina is believed to contain approximately 206 wet slips and predominately single-story industrial and retail/office buildings.  These buildings are believed to consist of a main office, dockmaster building, marine store, ice cream shop, sail loft, wood shop, paint shop with battery sheds, boat storage building, machine shop, Woodall House, 2-story laundry/accounting office building, I dock head/shower building, J dock head/shower building, storage shed, pool building, ice house, pump out building and well house.

2,000 +/- feet of frontage on the Sassafras River.  The marina is also a former major repair yard on the Intracoastal Waterway with one of the largest boat lifts in the region.

The personal property will also be offered for sale, including all right, title and interest of Georgetown Yacht Basin, Inc. (GYB) in and to all equipment, furniture, furnishings, machinery, tools, appliances, goods and supplies, together with all attachments, components, parts and accessories thereon or affixed thereto, which are owned by GYB and located at or on the real property or used at or in connection with the real property or any business or other activity conducted on the real property.

Sale Terms

Summary Terms:  A $150,000 deposit in the form of a cashier’s or certified check required of all bidders at the time of sale.  Successful bidder shall be obligated to increase the deposit to 10% of the purchase price within 3 business days

The properties will be sold as an entirety 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.  Sale of the assets of Georgetown Yacht Basin is subject to the Circuit Court of Kent County’s approval.

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Home / SOLD! – Pre Auction Contract Accepted – Court Appointed Receiver’s Sale – Valuable Marina and Repair Yard in Georgetown, MD