List price to be opening bid at online only auction. Bidding Begins Thursday, March 16th and ends on Tuesday, March 21st @ 11:00 AM. Location: The property is along Rt. 198 and is well located near the intersection with the Baltimore-Washington Parkway. Across the street from the property is the newly developed Watershed Community with over 500 townhouse homesites in the mid-$400's to the $700's price range. Also nearby is Ft. Meade and other major US Government agencies. The average annual daily traffic count on Laurel Fort Meade Rd is over 27,000 vehicles. Between the high traffic count, prime location and the influx of hundreds of new residents across the street, the subject property has tremendous potential. Property Description: The property comprises 1.50 acres with a frontage of 332' on Laurel Ft. Meade Rd. The rear of the property fronts on Old Portland Rd which can also be accessed from Laurel Ft. Meade Rd. It has approx. 43 paved parking spaces and ample parking on the unpaved portion of the property. The property has a well and private septic system but public utilities should be available. Check with Anne Arundel County Government for location and hook-up information. The property is improved by a two-story building containing approx. 8,300 sq. ft. of area and currently under renovation into a restaurant and lounge use. Based on the size and shape of the building, there are many other potential commercial uses compatible with the C-4 zoning. The main level is divided into a bar, seating area, lounge, 2 restrooms and a large commercial kitchen. The equipment is not included with the sale. The upper level has a banquet space, offices, bar, dance floor and stage. The property is located in a C-4, Highway Commercial District. It is described as follows: This District is generally intended for larger scale auto-oriented retail and service businesses along or near major traffic routes that serve local and regional residents as well as the traveling public. In addition to most commercial uses found in the C3 zone, automobile, truck, recreational vehicle and boat sales, rental and major repair facilities may be located in this District. Minimum lot size is 10,000 square feet. Maximum lot coverage by structures and parking is 85%. Maximum Floor Area Ratio is 1.0. Maximum height is 60 feet based on minimum setbacks and can increase to 72 feet provided setbacks are increased as per formula."
Courtesy of Alex Cooper Auctioneers, Inc., Paul Cooper
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