NAI KLNB Worship, Valuation of Your Property

AUCTIONS

THIS PROPERTY IS SOLD

Under Construction –
House of Worship on 7.49 Acres
14201 Old Stage Road, Bowie, Maryland 20720

Partially finished 333-seat church sanctuary and classroom complex.
Easily expandable to 900.
Classroom capacity of 190.
Site cleared and partially graded; curb and gutter in place; structural steel on site and partially installed.
Public water, sewer, and fire hydrants in place.
Parking lot graded and in place.
$1.8 million invested to date.

Auction Flyer
Photo Slideshow

RR Zoning Map
RR Zoning Permitted Uses
Aerial Photo
Appraisal
Site Plan
Concept Plan
Floorplans
Phase 1 Environmental Study Phase 1 Appendices
Planning Board Approval

Auction Details
The property will be sold to the highest bidder for an amount exceeding $350,000. Property sold as-is, where-is with no guarantee as to condition of structure or improvements, and no guarantee of zoning compliance. 10% buyer’s premium.

THIS PROPERTY IS SOLD.

TERMS OF SALE:
Deposit payable by certified or cashier's check of $35,000 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 by written check to an escrow agent designated by Seller. Balance to be paid in cash or certified funds within 10 business days. If Purchaser fails to pay balance by the specified time, the deposited will be forfeited to the Seller, as liquidated damages, and the sale shall be void. Seller will then have the right to resell the property. The property will be sold in its AS IS, WHERE IS condition, with no representation or warranty, express or implied, regarding the Property or its fitness for any purpose subject to the existing zoning, easements, agreements, restrictions or covenants of record affecting same, if any. Purchaser assumes risk of loss from the date of sale forward. The Purchaser waives and releases the Sellers, KLNB, 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 auctioneer. Recordation costs, transfer taxes, and all costs incidental to settlement to be paid by the Purchaser. No closing contingencies for financing or any other reason. TIME IS OF THE ESSENCE. A buyer’s premium in the amount of ten percent (10%) of the selling price will be added to the final purchase price to be paid by Purchaser at time of settlement. If you are represented by a real estate agent, please compensate your agent directly, as no provision has been made to pay buy brokers from either the sales proceeds or the buyer's premium.