Bankruptcy Auction: 2 Development Parcels in Lanham, MD

 
Property Location

9891 Good Luck Rd
9885 Greenbelt Rd
Lanham, MD 20706

Auction Location

9891 Good Luck Rd
9885 Greenbelt Rd
Lanham, MD 20706

Inspection

at your convenience
or by appointment

Contact

Tranzon Fox
Jeff Stein
(703) 539-8111
jstein@tranzon.com

Terms and conditions

Auction/Sale date and time

3/20/12 @ 11:00 AM ET

Documents to download:
zoning guidelines
appraisal excerpts

  • Subscription/Log in required
Property Number

FX7180

Property Type

Land -Commercial Development Land

 

The sale includes two contiguous parcels totaling 12.6 +/- acres in Lanham Maryland.  The parcels will be offered both individually and together.  The parcels are located near the intersection of Greenbelt Road and Good Luck Road. The Good Luck Road property consists of 6.7 +/- acres.  The Greenbelt Road property consists of 5.9 +/- acres.  Both properties are zoned C-O (Commercial Office). Eleven acres of the property was previously approved for a 112 unit, seven building age-restricted (Age 55+) condominium community.  Utilities available to the site include public water, sanitary sewer, gas, electricity, cable and telephone.


In addition to the property information package, also available to download, near the top right of the screen, are the appraisal excerpts and zoning guidelines.





Terms and Conditions

The following summary of Terms & Conditions of Auction Sale is only intended to provide you a brief outline. For a complete copy, either download the Property Information Package, if available, or contact Jeff Stein at (703) 539-8111 or jstein@tranzon.com All bidders must agree to all of the Terms & Conditions of Auction Sale prior to bidding at any Tranzon auction. Listings may be withdrawn or modified without notice at anytime.

For general information on the auction process, please review the FAQ-Frequently Asked Questions.


Buyers Premium: 5% Buyers Premium based on the high bid.
Closing: 45-Day closing, after US Bankruptcy Court Approval, sold in As-Is condition, no contingencies.
Deposit Amount: a minimum deposit of $50,000 in guaranteed funds per parcel
Broker Co-op: 2% of the high bid will be paid to a properly registered broker at settlement.

Agency Disclosure: The member company acting as auctioneer/agent is an agent for the seller only. Disclaimer: Information contained herein is believed to be correct to the best of auctioneer/agent’s knowledge but is subject to inspection and verification by all parties relying on it. Sellers, their representatives and auctioneer/agent shall not be liable for inaccuracies, errors, or omissions. All square footage and other dimensions are approximate. This offering is subject to prior sale and may be withdrawn, modified or cancelled at any time without notice.

 
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