|General Information: PUBLIC AUCTION OF
VALUABLE COMMERCIAL PROPERTY WITH IMPROVEMENTS
LOCATION: 3061 SHARPTOWN ROAD, LAUREL, DE 19956, KNOWN AS RED TOP LIQUORS AT THE DE/MD LINE ON RT. 24
SATURDAY, APRIL 29, 2017
This property consists of 20,855 sq. ft. of land more or less with 264 ft. of frontage along Rt. 24 and a depth of 82 ft.
The property is improved with a 42’ x 32’ concrete block building with cement floor currently used as a liquor store. The building consists of a Bally approx.. 14’ x 24’ walk-in cooler with 6-door store front, a back room with ice freezer and storage, approx.. 22’ x 18’ office and storage area with ½ bath. The building has propane heat. A new 4” washed well and pump was installed in 2014. The building has a 7 ft. chain-link fence around the perimeter with a rolling gate front.
The property can be inspected any day during business hours before the sale or by calling the auction company at 302-875-5261 to schedule an appointment for inspection. The property is identified in the Sussex County Tax records in District 4-32 Map 9.00 Parcel 13.01.
Terms: $6,500.00 Down Payment on day of sale in the form of cash or certified funds, with the balance to be paid within 45 days when a good and sufficient deed will be given. Buyer to pay cost of preparing and recording the deed. Buyer & Seller will equally share all state and county transfer taxes. Buyer will also pay a 3% buyer’s premium on the sale price. Seller reserves the right to accept or reject any or all bids, but it is their intent to sell said property.
A great opportunity for someone to own their own business and the property has great potential!