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Commercial Sale - OLDTOWN, MD
Built in 1949, this nearly 3000-sf stone church has an upper-level entrance foyer and a well-maintained sanctuary with pew seating for approximately 100. Interior stairs connect the sanctuary to the lower level, which includes a hall, kitchen, restrooms, furnace room, and storage. There are exterior access points to the lower level but no ADA-compliant access. The building is heated by a fuel oil-fired furnace, which has been operational throughout the winter season. There is also central air, but the system's condition is unknown. There are no apparent roof leaks, but observation from the exterior shows some loose/missing roof shingles. Public records indicate public sewer, but this has yet to be verified by the county. Water is purchased from a neighbor, and delivered to the building. It is unknown whether a well can be drilled on the property; please inquire with the county. Except fo...
Built in 1949, this nearly 3000-sf stone church has an upper-level entrance foyer and a well-maintained sanctuary with pew seating for approximately 100. Interior stairs connect the sanctuary to the lower level, which includes a hall, kitchen, restrooms, furnace room, and storage. There are exterior access points to the lower level but no ADA-compliant access. The building is heated by a fuel oil-fired furnace, which has been operational throughout the winter season. There is also central air, but the system's condition is unknown. There are no apparent roof leaks, but observation from the exterior shows some loose/missing roof shingles. Public records indicate public sewer, but this has yet to be verified by the county. Water is purchased from a neighbor, and delivered to the building. It is unknown whether a well can be drilled on the property; please inquire with the county. Except for the shed in the rear yard, most chattels convey with the sale. The property sale includes two parcels: 1) improved parcel of 1 acre, and a vacant parcel (to the east) of 0.19 of an acre (not buildable). While the property is turnkey, some updates and repairs should be expected. Zoning is GU (General Urban), which supports residential and some non-residential uses.
To schedule a tour, please have your real estate professional book through ShowingTime. There is no option to lease the building. The seller has limited knowledge about the property and welcomes buyers to undertake a full inspection. The property will be sold as is; seller will make no repairs. Owner financing may be available for a full-price offer. Commercial loan terms: 30% down, 7.5% interest, amortized over 20 years, 5-year balloon. The seller makes no representation regarding condition, zoning, or use. Buyers should address any issues during the study period.
To submit an LOI, please request a term sheet. The seller has its own commercial purchase agreement and its own closing agent. Buyer to pay all closing costs. There is no seller concession. This is a commercial sale.
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