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P365 Old Columbia Pike
Burtonsville, MD 20866
Bankruptcy Court Ordered Sale · Land For Sale · 11.14 AC
Investment Highlights
- 11.14 acre parcel of land.
- Ideal for developing two single family homes.
Executive Summary
Possible Live Auction Date & Time (Top Bidders): March 21, 2025 at 10 am CT, via Zoom
Minimum Bid: $1,050,000.00
Buyer’s Premium: 5% of Sale Price
Zoning: RC (Minimum 5 Acres Lots)
Sale Process:
This sale is being conducted by Order of the U.S. Bankruptcy Court for the District of Maryland (Greenbelt Division) in Case No. 21-10491-MCR Chapter 11 (Burtonsville Crossing, LLC, Debtor) and Case No. 21-10492-MCR Chapter 11 (Elderhome Land, LLC, Debtor), Jointly Administered Under Case No. 21-10492 MCR.
Bids must be received on or before the deadline of March 14, 2025 at 5 p.m. (CT) and must be submitted on the Purchase and Sale Agreement provided here along with proof of sufficient funds. Bids should be submitted to Diana Peterson via email at dianap@awproperties.com.
The successful bidder and back-up bidder shall both be required to post a non-refundable good faith deposit, with no financing or inspection contingencies. The successful buyer shall close within seven (7) business days after Court approval of the sale and any stay of such order shall be waived.
Bid Procedures:
Please refer to the bidding procedures provided here. Any questions should be directed to Diana Peterson: dianap@awproperties.com; 312.218.6102.
For Information Relating to the Other Land Parcel Included in this Bankruptcy Court Ordered Sale, Please Click Here:https://auctions.awproperties.com/product/bankruptcy-court-ordered-sale-of-burtonsville-maryland-land-ideal-for-senior-housing-or-sf-development/
PROPERTY FACTS
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 11.14 AC |
| Property Type | Land |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 11.14 AC |
1 Lot Available
Lot
| Price | £841,575 | Lot Size | 11.14 AC |
| Price Per AC | £75,545 |
| Price | £841,575 |
| Price Per AC | £75,545 |
| Lot Size | 11.14 AC |
11.14 acre parcel of land on the east side of Old Columbia Pike, west of Route 29 (Columbia Pike) and north of Spencerville Road (Route 198) in the Burtonsville area of Montgomery County.
Description
This approx. 11.14 acre parcel of land located at P365 Old Columbia Pike, Burtonsville, MD 20866 on the east side of Old Columbia Pike, west of Route 29 (Columbia Pike) and north of Spencerville Road (Route 198) in the Burtonsville area of Montgomery County is ideal for developing two single family homes.
PROPERTY TAXES
| Parcel Number | 05-00272438 | Improvements Assessment | £0 |
| Land Assessment | £130,324 | Total Assessment | £130,324 |
PROPERTY TAXES
zoning
| Zoning Code | RC (Rural Cluster) |
| RC (Rural Cluster) |
