Bankruptcy | Restaurant/Retail Buildings Germantown, MD

Property Location MAP

14121 Seneca Rd
Germantown, MD 20874

Property #: FX7327

Contact Agent

Jeff Stein
Tranzon Fox

703-539-8111 jstein@tranzon.com
This auction will be held online.
Online bidding process:
1.    Go to www.tranzon.com/FX7327
2.    Login & register to bid online
3.    Download and review the revised Property Information Package
4.    Sign and return the page titled “Additional Terms & Conditions of Sale”
5.    Confirm deposit with Tranzon.  Call us at 888-621-2110
6.    You will be approved to bid

 

14121-14125 Seneca Road consists of 2 buildings set on two lots totaling 39,204 sf (0.9 acre).  The front building is currently operating as a carry-out restaurant. The rear building has a roll-up door and is used for storage. There is ample parking. The restaurant previously had a license for beer and wine (on/off) but the current owners did not renew.  The property is being sold without the equipment which will be offered separately to the high bidder. The property is zoned Commercial Residential Neighborhood (CRN 0.25) and has an FAR of 0.25.  The land also sits in a Rural Village Center Overlay District. CRN zoning permits a variety of uses including restaurant, retail and office.   Plans were developed for an onsite sewage disposal system that would accommodate a 30 seat restaurant. See package for complete details.  Utilities to the property include electricity, natural gas, public water and an on-site septic system. Please note: both parcels are referred to as 14121 Seneca Rd on multiple documents.

Please be sure to download the Property Information Package by clicking on  “Download Now”. By downloading this package you will alert Tranzon Fox to your interest in this property and you will receive emails with any updates on this auction. The package contains information needed to participate in bidding at auction.

Directions:

From I-270 take Exit 6 for MD-28/ W Montgomery Ave towards Poolesville/Darnestown. Follow Rt. 28 for approximately 5 miles. Turn left onto Seneca Road to property on right.

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

Jeff Stein: Tranzon Fox

703-539-8111 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 Frequently Asked Questions.

Print Terms and Conditions

  • Buyer's Premium: 10% Buyers Premium based on the high bid.
  • Closing: 30-Day closing from Bankruptcy Court approval, sold in As-Is condition, no contingencies.
  • Deposit Amount: 10% deposit with a minimum deposit of $20,000 in guaranteed funds.
  • 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.

Online Bidding Instructions:

Online bidding process:

  1. Go to www.tranzon.com/FX7327
  2. Login & register to bid online
  3. Download and review the revised Property Information Package
  4. Sign and return the page titled “Additional Terms & Conditions of Sale”
  5. Confirm deposit with Tranzon.  Call us at 888-621-2110
  6. You will be approved to bid

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